Personal loans in Lynn, MA
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Lynn, MA.
The median household in Lynn earns $75,043 a year, 28% below the Massachusetts median of $103,960. About 14% of residents live below the federal poverty line, and 51.9% of households rent their home.
Massachusetts law that applies in Lynn
| 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 Lynn
Here's what to have on hand before you start your personal loan request in Lynn:
- 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 Lynn
What Lynn borrowers use it for
cover a short gap before payday
Car repairskeep getting to work while the shop fixes it
Medical billspay a doctor, dentist or pharmacy bill now
Holiday expensesgifts and travel without maxing a card
Loans for your situation
How to get a personal loan in Lynn
- 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 Lynn
9 FDIC-insured bank branches from 8 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Eastern Bank | 2 | 112 Market St, Lynn 01901 |
| Reading Co-operative Bank | 1 | 400 Broadway, Lynn 01904 |
| Santander Bank, N.A. | 1 | 35 Market Sq, Lynn 01905 |
| Bank of America, National Association | 1 | 1 State St, Lynn 01901 |
| Citizens Bank, National Association | 1 | 35 Washington St, Lynn 01904 |
| Rockland Trust Company | 1 | 335 Broadway, Lynn 01904 |
| Salem Five Cents Savings Bank | 1 | 35 Boston St, Lynn 01904 |
| JPMorgan Chase Bank, National Association | 1 | 391 Lynnway, Lynn 01901 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Lynn
9 credit-union locations from 8 credit unions.
| Credit union | Location |
|---|---|
| Metro | 475 Western Ave, Lynn 01904 |
| St. Jean'S | 250 Maple St, Lynn 01904 |
| River Works | 947 Western Ave, Lynn 01905 |
| Brotherhood | 75 Market St, Lynn 01901 |
| Lynn Firemens | 30 Boston St Ste 9, Lynn 01904 |
| Massachusetts Family | 51 Willow St, Lynn 01901 |
| Lynn Police | 300 Washington St, Lynn 01902 |
| Lynn Teachers | 33 N Common St, Lynn 01902 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Essex County ·
Frequently asked questions
Can I get a personal loan with bad credit in Lynn?
Possibly. Lenders in our network consider applicants with fair and bad credit across Massachusetts, including Lynn. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Lynn, MA?
23% APR plus $20 fee on loans up to $6,000; 20% usury above.
How fast can I get a personal loan in Lynn?
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.
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.
How long does it take to get a personal loan in Lynn?
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 Lynn.
Can I get a personal loan in Lynn with bad credit?
Yes, it's possible. Many lenders in our network work with borrowers who have fair, poor or limited credit, and they look at factors like income and employment, not just your score. Approval and rates depend on your full profile, and nothing is guaranteed, but checking your options is free. Lynn residents can see if they qualify for $100 to $5,000 in about 3 minutes.
Can I get an emergency loan with bad credit in Lynn?
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. Lynn residents can see if they qualify in about 3 minutes.
How do I apply for a personal loan with bad credit in Lynn?
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.
Do I need to visit a store in Lynn?
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.