Personal loans in Philadelphia, PA
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Philadelphia, PA.
The median household in Philadelphia earns $61,953 a year, 21% below the Pennsylvania median of $77,971. About 21% of residents live below the federal poverty line, and 48.2% of households rent their home.
Pennsylvania law that applies in Philadelphia
| Rate cap | Interest or discount of up to $9.50 per $100 per year, computed on the face amount for the full term, for contracts repayable within 48 months, and $6 per $100 per year for any remainder beyond 48 months. |
|---|---|
| License required | Yes. |
| Loan sizes covered | Loans of $25,000 or less (the face amount may exceed $25,000 by the precomputed charges). |
Full rules with statute citations: Personal Loans in Pennsylvania. Cities in Pennsylvania 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 Philadelphia
Lenders that serve Philadelphia 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 Philadelphia
What Philadelphia borrowers use it for
keep getting to work while the shop fixes it
Emergencieshandle the unexpected the same week
Moving costsdeposits, trucks and first-week expenses
Rent duecover a short gap before payday
Loans for your situation
How to get a personal loan in Philadelphia
- 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 Philadelphia
250 FDIC-insured bank branches from 35 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Citizens Bank, National Association | 35 | 1027 Arch St, Philadelphia 19107 |
| PNC Bank, National Association | 34 | 801 Christian St, Philadelphia 19147 |
| Wells Fargo Bank, National Association | 31 | 1700 Market St, Philadelphia 19103 |
| TD Bank, National Association | 19 | 3735 Walnut St, Philadelphia 19104 |
| JPMorgan Chase Bank, National Association | 19 | 1636 Walnut St, Philadelphia 19103 |
| Bank of America, National Association | 16 | 4610 City Ave, Philadelphia 19131 |
| Fulton Bank, National Association | 12 | 50 S 16th St, Philadelphia 19102 |
| Wilmington Savings Fund Society, FSB | 11 | 1901 E Passyunk Ave, Philadelphia 19148 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Philadelphia
80 credit-union locations from 32 credit unions.
| Credit union | Location |
|---|---|
| American Airlines | 8500 Essington Ave Ste B, Philadelphia 19153 |
| Philadelphia | 1108 Chestnut St, Philadelphia 19107 |
| Sun | 2800 W Passyunk Ave, Philadelphia 19145 |
| Fedchoice | 2970 Market St, Philadelphia 19104 |
| Eagle One | 7500 Lindbergh Blvd, Philadelphia 19176 |
| Advantage Financial | 5000 Wissahickon Ave, Philadelphia 19144 |
| Transit Workers | 919 E Cayuga St, Philadelphia 19124 |
| Navy Federal Credit Union | 330 W Oregon Ave, Philadelphia 19148 |
| Police & Fire | 901 Arch St, Philadelphia 19107 |
| American Heritage | 2060 Red Lion Rd, Philadelphia 19115 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Philadelphia County ·
Frequently asked questions
Can I get a personal loan with bad credit in Philadelphia?
Possibly. Lenders in our network consider applicants with fair and bad credit across Pennsylvania, including Philadelphia. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Philadelphia, PA?
Licensed consumer discount companies: $9.50 per $100 yearly add-on plus fees; unlicensed: 6%.
How fast can I get a personal loan in Philadelphia?
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.
How long does it take to get a personal loan in Philadelphia?
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 Philadelphia.
How do I apply for a personal loan with bad credit in Philadelphia?
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.
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. Philadelphia residents can see their options in about 3 minutes.
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.
Can I get an emergency loan with bad credit in Philadelphia?
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. Philadelphia residents can see if they qualify in about 3 minutes.
Do I need to visit a store in Philadelphia?
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.