Find the Best Personal Loan for Your Needs
South Carolina, located on the coast of Atlantic Ocean is a southeastern state and 24th most populated region of the United States. The Palmetto State is soaking up jobs from failing northeast cities. Cities like Baltimore and Philadelphia are collapsing because of politically correct reasons and states that are well-managed like South Carolina are the benefactor.
The most profitable and developed industry in South Carolina is agriculture, textile manufacture, automobiles, tourism, automotive products etc. The state is also home to some large international corporations such as BMW. These companies offer plenty of employment opportunities to the residents of South Carolina who make average household income of $42,367.
Taxes are low in this outstanding state so you are able to keep more of your money. This is not the case in Oregon or Connecticut, for instance.
The state average credit score is 671, which is significantly lower than the national average of 687. Poor credit score and high unemployment rate of 8.9% indicate that residents of South Carolina may require financial assistance from time to time.
Personal loans have proven to be very helpful to meet small time monetary needs and immediate expenses. The residents can borrow large sums of money with relatively less hassle and pay over a longer period of time. These funds can be borrowed and used for any reason.
Personal Loan for Plastic Surgery
A plastic surgery procedure can be an expensive affair and is not always done for aesthetic purposes. Sometimes your face needs correction after an accident or you need a nose job to fix breathing disorders. Regardless of the reason, your insurance will only pay for reconstructive surgery. Every other expense associated with the surgical procedure must be borne by you. This could easily set you back by thousands of dollars.
Many people seek personal loans to finance their plastic surgeries. If you have an excellent credit score, unsecured loans are easy to obtain. However, you can consider taking out a secured loan if you have poor credit score.
Normally, personal loans are offered for a fixed duration and APR. The money that is borrowed as loan is to be repaid in equal monthly installments over a period of time. Minimum payments vary depending upon principal amount and the APR.
If you have been putting off a plastic surgery due to lack of funds, perhaps you can consider applying for a personal loan to pay for the procedure. Check out your best loan options from an authentic and dependable personal loan website.
Best Banks for Personal Loans in South Carolina
Below are the best options in South Carolina for personal loans:
Unlike most banks, NetCredit bases your APR on your credit score as well as other factors such as income stability, employment history, and your existing assets.
Although its loan servicing center is located in the state, even people outside South Carolina can avail of their personal loan online and be approved in as soon as 12 hours.
Allowing you to borrow anywhere from $1,000 to $25,000, Mariner Finance is also a great option if you have prepayment penalties.
If you don’t need a lot or have bad credit, Sunset Finance is a great choice as they only approve loans amounting $100 to $3,000.
1st Franklin Financial Corporation
1st Franklin Financial Corporation is another great choice if you have a poor credit score but a stable income or if you want to start building your score as they allow loans amounting as low as $300.
First Palmetto Bank
Having 22 branch locations in South Carolina, First Palmetto Bank is very accessible to the residents of the state. With no application fees nor prepayment fees, their personal loan offer becomes all the more enticing.
A word of caution: Payday installment loans, cash advances, and car title loans may be easier to get but remember they come with much higher interest rates. They can be a good option if you’re absolutely sure you can pay it off quickly.
Robert is our in-house expert on personal loans and finance. He got an MBA, specializing in Finance, before joining the workforce. After working for multiple Fortune 500 companies in the past decade, he brings a wealth of knowledge and experience to the table.