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California Personal Loans up to $35,000 Online

California Personal Loans up to $35,000 Online


Choose the best direct lender offering Bad Credit unsecured Personal Loans up to $35,000 in California and apply online to get an instant decision.

In the state of California, you may be able to get a Personal Loan ranging from $1,000 to $35,000. These loans are available even for people with bad credit and there is no limit on what you have to use them for. They can be repaid in flexible monthly installments and if you are able to pay off ahead of time, you can do so without worrying about penalties. Apply online or in-store, or check out more traditional options such as banks and credit unions.

To get quick Personal Loans Online Approval just start the application now and the money will be deposited to your bank account the same day. No hard credit check is typically required.


Why Choose Compacom for Personal Loans in California

If you've come across urgent financial needs and the next pay day is far away, Compacom will help you get instant cash today with fast and easy Online Payday Loans from the best California direct lender. More than 2 355 000 trust us and they have clear-cut reasons.
Customized loan offers
Borrow up to $35,000 for any personal needs no matter what your credit score is.
Instant approval decision
Get quick approval from the best direct lender and same-day funding.
Competitive rates
Check your rates online and get the APR as low as 3.99%.

How California Personal Loans Online Work - 3 Easy Steps to Instant Cash

Apply Online in Minutes

Complete a quick application form and get personalized offers from the best personal loan providers.

Get Instant Approval

Once you've chosen the most suitable loan offer, discuss the rates and terms with the lender and sign the loan agreement.

Get the Funds

As the loan is finalized, you are likely to get the money deposited to your bank account on the same business day.
Start Now

Are Personal Loans Legal in California?

Loan Rates and Fees, Laws and Regulations in California.

We've done a thorough research of the main lending details and presented them in the table to make it more clear and convenient for you:

Law statuslegal
MIN Loan Amount$1,000
MAX Loan Amount$35,000
MIN. Loan Term90 days
MAX. Loan Term60 month
MIN APR4.99%
Collateral or guarantorNone, unsecured
Credit score requirementsAvailable for Bad Credit
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We are soon expanding to the following cities of California. For instant cash advance at these locations you can use our online application form

Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we've got 24 hours each. --Christopher Rice

And any of these 24 hours you can use our service to solve any financial problems you happen to get.

California Personal Loans online and in-store. 

How to get a Personal Loan in California?

To get a $1,000 - $35,000 personal loan or $5,000 loan on average, follow these 4 easy steps:

  1. Compare lenders to find reliable ones with the lowest rates
  2. Fill out a free application form
  3. Get approved in minutes by various direct lenders
  4. Get the funds directly deposited into your bank account the same day or the next business day.

What are the main differences between the online and in-store Personal Loans application process?

Applying online and in-store is practically the same with slight differences:

  • applying online is easier and faster as it doesn't require driving to the location, faxing, or doing paper work
  • in-store you can get the loan on the same day you apply
  • you have a wider choice of lenders online and the opportunity to compare their offers.

What are Personal Loans benefits?

Besides having a quick and easy application process, personal loans have several other advantages:

  • Opportunity to compare more than 300 direct lenders both online and in-store
  • Up to $35,000cash in your account within 24 hours
  • Easy to manage fixed payments
  • No collateral
  • No guarantor
  • Suitable for borrowers with a bad credit history
  • Can be used for any of your personal needs.

Compare Personal Installment Loans in California. 

There are several methods for getting the money you need. Each loan type comes with its own unique APR and minimum monthly payment. For example, if you take out a $10,000 loan for years, the total cost will differ depending on what kind of loan you take out. The following chart will show you how each loan differs with these numbers.

Loan Type


Monthly payment

Total cost

Unsecured Personal Loans





Secured Personal Loans





Line of Credit





Credit Cards





Auto Loans





Bank Loans





Credit Unions




*All the rates are representative and may vary by the lender.

The cheapest option is a secured personal loan. It does, however, come with risks. Since it is a secure loan, that means you have to put up collateral. Usually, collateral with be personal property like a car. On the upside, it has lower interest rates. This type of loan may be the best if you are confident in your ability to pay it off on time.

If you are not, you may want to check out getting an unsecured loan. The interest rate is not that much higher and you don’t have to put up any collateral. This type of low is good for those with a bad credit score or low or unstable income.

If you are lucky enough to have a good credit score and your credit history is almost perfect, consider borrowing from a bank or credit union

Unsecured vs Secured Personal Loans in California 

As stated in the previous section, there are two main types of personal loans to choose from. You may choose one of them based on these factors: the amount you need, your income, and your ability to repay the loan. Let’s look at the differences between these types of loans closely.

Unsecured Personal Loans

  • Most require only your signature
  • A bit higher interest rates
  • Suitable for any personal needs
  • Affordable repayment terms and conditions

Secured Personal Loans

  • You can use almost anything as collateral
  • Competitive interest rates
  • Purchase of new and used items
  • Affordable payment terms suited to your needs

The real question when choosing which type of personal loan to take is whether or not you are willing to put up collateral or how high of an interest rate you want. Consider the decision carefully.

Bad Credit Personal Loans in California 

Early, it was mentioned that in the state of California, those with bad credit can take out a personal loan. But what does it mean to the lenders if you have bad credit? Simply put , your credit history tells lenders how risky of a borrower you are. Understandably, lenders prefer to loan out money to those who will be able to pay it back in a timely manner.

Fortunately, lenders look at more than your credit score in order to access your riskiness. Here are the other factors that they look for:

  • Employment history: A minimum of 12 months at your current job is a plus.
  • Average household income: Whether you’re employed, retired, or self-employed, verifiable income is key.
  • Financial history: it's preferable to have a responsible banking and financial track record.
  • Credit behavior: having a positive borrowing experience with NO debts.

And even if you are approved for a personal loan with bad credit, your score may influence the amount you receive and the interest rates you have to pay. The table below shows the average APR based on credit scores.

Credit Score

Average Personal Loan APRs

Excellent (720 - 850)

10.3% - 12.5%

Good (680 - 719)

13.5% - 15.5%

Average (640 - 679)

17.8% - 19.9%

Poor (300 - 639)

28.5% - 32.0%

 As you can see, the higher your credit score, the lower your rates will be. If you have an Excellent FICO score (between 720 and 850), you can expect to find raters at about 12% to 10% or even lower.

Those with a Poor FICO score may not get approved for a personal loan. In that case, you may wish to apply for an installment or payday loan instead. The APR is often higher with these options, so be careful.

And don’t worry about a credit check damaging your credit history. While in some cases it is possible, most lenders with do a soft credit check, which won’t affect your history at all. Just be cautious if you plan on taking out a $15000 unsecured loan, for some lenders will do a hard lined inquiry in that case. Overall, there’s little no impact to your credit history with a credit check from a lender.

Personal Loans from Banks and Credit Unions in California

These places are the traditional way to get loans. However, most people rather apply online or in-store when it comes to taking out a personal loan. There are several reasons that we’ve already mentioned (quick, easy, available for those with bad credit, etc.).

Interesting facts
  • 29% residents of the USA borrow from banks
  • 23% - from credit unions
  • the remaining 48% from online and in-store lenders.

Here are the pros and cons of using a bank or credit union to take out a loan.


  • Lower rates.
  • Legal status.
  • Professional service.
  • Strict eligibility requirements.
  • Need a banking account.
  • You may be charged some additional fees for account maintenance.

Credit Unions

  • Offer a wide range of financial services, including checking and savings accounts, CDs, retirement funds, and multiple types of loans.
  • It takes a few weeks to process the application.
  • You need to be a member to get the funds.

Personal loans tend to be popular since they appear to easier to get approved for. The statistics show the least number of denials for this loan type in comparison with the others.


Do I qualify for a bad credit Personal Loan in California?
Can I get California Personal Loan with no credit check?
Who is the best to get California Personal Loan from?
How fast can I get a Personal Loan in California?

The Economic Condition of California

Most people probably don’t know that California’s state motto is “Eureka!”, which is Greek for “I have found it!”, something usually associated with the story of Archimedes’ discovery of buoyancy, and not the state that is the home of Hollywood. What people do know is what the state is famous for: Hollywood, The Golden Gate Bridge, Los Angeles, Silicon Valley, and several other things. The state has a population of 39.54 million people. About 34% of the population takes out personal loans, speaking to the ease, convenience, and legality of personal loans.

California accounts for 14% of the US GDP and has an $2.6 trillion economy, putting the state at number one in rankings, followed states such as Texas and New York. In fact, California outranks several countries and is the six largest economy in the world.

California has the largest economy in the United States and, in 1997, was the first state to reach the trillion-dollar benchmark in gross state product. In 2012, California was ranked the ninth largest economy in the world.

The median household income is $63, 909 (or $31, 458 per capita) with a price parity ranking of 113.4 out of 100. The average weekly wage is around $1,206.92. Yet, the poverty rate reaches 19% (about 7.5 million people), which makes it one of the states with the highest poverty in the nation (it ties with Florida and Louisiana for the number one spot). This is mostly due to the ever-increasing rent prices along with the fact that wage earnings are not increasing with them. No wonder 34% of the population needs quick and easy money, which can be applied for online or in-store as payday, installment, or personal types of loans.

Requirements for qualifying for a personal loan:

Independent lenders have their own individual requirements that must be met, but typical minimum requirements include but may not be limited to:

  • California (US) residency
  • Minimum regular income of $1,000 per month
  • Valid checking or savings account with direct deposit
  • Phone number and e-mail address (if applying online, you must be able to be contacted via phone if verification of application information is necessary)
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps, or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
  • If applying online, you must provide a valid Social Security Number
  • If applying at a loan store, you must bring a valid government issued photo ID. A Social Security Number may not be required
  • If applying in-store, you must bring proof of income and proof of a bank checking account. Debit cards or pre-printed checks may be accepted in your state as proof of bank checking account; contact your local store for details. Acceptable documents may vary by state.

Cash Advance and other Money Offers in California

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Personal Loans Hub

In the Personal Loans Hub, we've collected all the useful guides and resources on Personal Loans. Our experts conducted thorough research to give you the answer to any possible question on the topic.

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