Personal loans in Lowell, MA
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Lowell, MA.
The median household in Lowell earns $78,658 a year, 24% below the Massachusetts median of $103,960. About 17% of residents live below the federal poverty line, and 56.8% of households rent their home. 10.1% of households have no home internet; our form works on any phone.
Massachusetts law that applies in Lowell
| Rate cap | Licensed small loan companies may charge no more than 23% a year on the unpaid balance (actuarial method), plus a $20 administrative fee when the loan is made. |
|---|---|
| License required | Yes. |
| Loan sizes covered | Loans of $6,000 or less (measured by the amount the borrower actually keeps after deductions). |
Full rules with statute citations: Personal Loans in Massachusetts. Cities in Massachusetts cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a personal loan in Lowell
Lenders that serve Lowell typically ask for the following:
- Be 18 or older and a US resident
- Your Social Security number for identity verification
- A steady source of income
- An active checking account in your name
- A working phone number and email address
Popular loan amounts in Lowell
What Lowell borrowers use it for
keep getting to work while the shop fixes it
Moving costsdeposits, trucks and first-week expenses
Holiday expensesgifts and travel without maxing a card
Medical billspay a doctor, dentist or pharmacy bill now
Loans for your situation
How to get a personal loan in Lowell
- Choose an amount from $100 to $5,000 and complete one form.
- Lenders in our network review your request; many accept fair or bad credit.
- Compare the APR, monthly payment and total cost on any offer.
- If you accept, money is usually deposited in 1–2 business days.
Estimate your cost
Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Banks and credit unions in the area
Banks with branches in Lowell
14 FDIC-insured bank branches from 10 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Rockland Trust Company | 2 | 222 Merrimack St, Lowell 01852 |
| Santander Bank, N.A. | 2 | 1 Wood St, Lowell 01851 |
| The Lowell Five Cent Savings Bank | 2 | 1095 Westford St, Lowell 01851 |
| TD Bank, National Association | 2 | 350 Westford St, Lowell 01851 |
| Eastern Bank | 1 | 50 Central St, Lowell 01852 |
| Washington Savings Bank | 1 | 30 Middlesex St, Lowell 01852 |
| Manufacturers and Traders Trust Company | 1 | 10 George St, Lowell 01852 |
| Bank of America, National Association | 1 | 724 Chelmsford St, Lowell 01851 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Lowell
10 credit-union locations from 7 credit unions.
| Credit union | Location |
|---|---|
| First Technology | 564 Bridge St, Lowell 01850 |
| Jeanne D'Arc | 50 Father Morissette Blvd, Lowell 01852 |
| Align | 87 Hale St, Lowell 01851 |
| Mills42 | 83 Merrimack St, Lowell 01852 |
| Lowell Firefighters | 642 Chelmsford St, Lowell 01851 |
| Lowell Municipal Employees | 375 Merrimack St, Lowell 01852 |
| Church Of God | 175 Cabot St Ste 210, Lowell 01854 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Middlesex County ·
Frequently asked questions
Can I get a personal loan with bad credit in Lowell?
Possibly. Lenders in our network consider applicants with fair and bad credit across Massachusetts, including Lowell. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Lowell, MA?
23% APR plus $20 fee on loans up to $6,000; 20% usury above.
How fast can I get a personal loan in Lowell?
Many online lenders give a decision within minutes and deposit funds in one to two business days after you sign. Your bank's processing time can add a day.
Are personal loans bad for your credit?
Not necessarily. Checking offers often uses a soft inquiry that doesn't affect your score, though a lender may do a hard pull before final approval. Once you have the loan, on-time payments can help build your credit history, especially with lenders that report to the major bureaus, while missed payments can lower your score. Lowell residents can see their options in about 3 minutes.
How long does it take to get a personal loan in Lowell?
With online lenders, the process is usually fast. Our form takes about 3 minutes, many lenders make a decision within minutes, and approved funds are often deposited by the next business day. Some lenders may ask for documents such as pay stubs, which can add a little time. Having your information ready before you start helps you get money sooner in Lowell.
Can I get an emergency loan with bad credit in Lowell?
Yes, many emergency loan lenders consider borrowers with bad credit. They often put more weight on your current income and ability to repay than on past credit problems. Approval isn't guaranteed, but applying through our network lets you reach multiple lenders with a single request instead of applying again and again. Lowell residents can see if they qualify in about 3 minutes.
How do I apply for a personal loan with bad credit in Lowell?
Start by gathering your ID, proof of income and bank account details. Then complete our online form with accurate information about your income and the amount you need. Lenders in our network review your request, and many respond within minutes. Asking for an amount that fits your income can improve your chances. If you're approved, you'll review the full terms before signing.
Can I get a personal loan with a 500 credit score?
It may be possible. A score around 500 limits options with traditional banks, but some online lenders consider low scores when you have steady income and an active bank account. Offers may be for smaller amounts, and approval isn't guaranteed. The quickest way to find out is to submit one request through our network and see whether lenders respond with an offer. It takes about 3 minutes.
Do I need to visit a store in Lowell?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.