Best Personal Loans From a Bank

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Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print to help you understand what you are buying. Be sure to consult with a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time.

Editorial Note: This content is not provided or commissioned by any financial institution. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the financial institution.

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There are many reasons why you might want to consider applying for a personal loan from a financial lender, from consolidating debt to funding home improvement projects or a new purchase.

You can get a personal loan from different financial institutions, and Student Loan Hero can help you identify what type of personal loan might be best for you and when you should consider taking out a personal loan, along with the questions you should ask yourself before applying. In this guide, you will learn more about the best personal loans you can find from banks.

PNC Bank

PNC Bank offers both secured and unsecured personal loans, meaning it can appeal to those with higher credit scores and those who may be working on improving their credit score. The unsecured loan lets you borrow more money at typically lower interest rates.

A personal installment loan from PNC Bank allows you to borrow between $1,000 and $35,000 with an unsecured loan. The unsecured loan does not require you to have collateral. Exact interest rates will vary based on your location, but you can find APRs as low as 4.99% and as high as 19.99%. The loans come at a fixed rate with various prepayment terms available. You can also use a co-applicant to apply for a personal loan through PNC. There are three options to process your application: online, via phone or in person at a branch. A late fee applies if you miss a payment or do not have sufficient funds for autopay.


  • No prepayment penalty.
  • Discounts for PNC employees.
  • No origination fees or annual fees.


  • The advertised rates only apply if you sign up for autopay. If you don’t use autopay or stop using it, you could lose any discounted rate.
  • To get the autopay discount, you will also need a PNC checking account.

PNC is a solid option for a secured or unsecured personal loan. It may be a good option if you’re looking for a large loan, since you can borrow up to $35,000, or if you’re looking for a lender that offers different services, such as credit cards or banking.

Citizens Bank

Citizens Bank offers personal loans that are best for individuals looking to borrow at least $5,000 who have a history of good credit. The application and fund disbursement process is fast, with some funds being available in as quickly as two days. You can choose a repayment option between three and seven years. There are no fees for personal loans.

To be eligible for a personal loan with Citizens Bank, you have to meet a few requirements:

  • Strong credit history
  • Minimum income of $24,000
  • Age of majority in your state
  • U.S. citizen or resident of Puerto Rico


  • High lending capabilities. With a personal loan up to $50,000 available, you have a lot of flexibility in what you can borrow.
  • Soft credit check. You can get a rate in around two minutes online with a soft credit check, which won’t impact your credit score.
  • Additional discounts. There are additional discounts available for your loan that can take up to 0.50 percentage points off your interest rate. Utilizing autopay will knock 0.25 percentage points off your rate, while enrolling in the Loyalty Discount will earn you 0.25 percentage points as well. You can use any account for autopay. If you have a Citizens Bank account, you qualify for the Loyalty Discount.


  • High minimum borrowing. The minimum amount to borrow is $0, which may be considered a high amount for some people.
  • Requires a good credit history. The loan is not secured, so you will need a solid credit score and history to get a good rate.
  • Citizens Bank checking and savings accounts are only available in the following states: Connecticut, Delaware, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island and Vermont.

Citizens Bank is one of the oldest financial institutions in the country, which adds to its reputation. It is a good option with some additional discounts available if you’re in one of the states that offers checking and savings accounts with the branch and if you’re looking to borrow at least $5,000.

Wells Fargo Bank

Wells Fargo offers a wide range of personal loans, from $3,000 to $100,000. It advertises using its personal loans as a way to consolidate debt, fund home improvement or renovation projects, cover unexpected expenses and more. Wells Fargo also offers secured personal loans that use collateral if your credit score is lower than desirable.

APRs with a Wells Fargo personal loan range from 6.99% – 23.99% and come with terms of 12 to 60 months. There are No origination fees origination fees or prepayment penalties. It offers occasional rate discounts — usually around 0.50% percent for new loan applicants.


  • No fees for unsecured personal loans.
  • Potential discounts for using autopay.
  • Funds are available quickly — as soon as in one business day.
  • Borrowing up to $100,000 is available.


  • Hard credit check. The application process, available online or in person, is lengthy because it requires a full credit check to get your rate.
  • There are annual and origination fees if you chose a secured personal loan.

Wells Fargo gives you a lot of flexibility, especially if you need a large amount to borrow or if you’re looking for a secured personal loan.

TD Bank Express Loan

Billed as “America’s Most Convenient Bank,” TD Bank tries to live up to its name by offering three personal loans options: an unsecured personal loan, a secured personal loan and a special TD Express Loan, designed to get you your money faster. Loan terms are between 12 to 60 months , depending on which loan amount you choose.

The TD Express Loan, which can deliver your funds in as little as two business days, is only available for amounts from $2,000 to $25,000. If you need more, up to $50,000, you can choose the unsecured loan. Both types of loans have APRs between 6.99% – 18.99% with no origination or application fees. The minimum monthly payment for the TD Express Loan, no matter your loan amount, is at least $125. There is also a late fee of at least 5% or the payment amount, or $10, whichever is less. Rates for the loans are fixed.


  • The TD Express Loan is a unique option if you’re looking for a fast and convenient way to get a loan.
  • TD Bank is open on the weekends if you’re looking for more flexible service hours. It also offers mobile banking.


  • The TD Express Loan cannot be used for educational purposes.
  • The cited low APRs are assuming that you will use autopay with a TD Bank account. If you do not use autopay, your rate could increase by 0.25%.
  • Most of the 1,300 TD Bank locations are on the East Coast. If you live elsewhere, the bank may not be the most convenient option for you.

TD Bank is an option for a personal loan that makes sense for individuals who are located near one of its institutions on the East Coast and are looking for a secured or unsecured personal loan. You should also be prepared to utilize a TD Bank savings or checking account to maximize the discount for your APR.


Like Citizens Bank, Citibank has a long history as a financial institution, tracing its roots back to the 1800s. Citibank is a large institution that offers a wide range of financial services, from personal and business credit cards to banking to lending.

To qualify for a personal loan from Citibank, you will need to meet a few requirements. You will need to have a Citibank checking, savings, money market or certificate of deposit (CD) account that averages a month-end balance of greater than $0 for the past three months. You can’t have more than two loan accounts with Citibank, and you need at least six months between opening your most recent loan with it. You must also have an annual income of at least $10,500.

Assuming you borrow at least $10,000, APRs range from 7.99% – 17.99%. Loans are available for as low as $2,000. Loan terms are 12 to 60 months. You can apply for loans under $30,000 online, in person at a branch. Loans over $30,000 require you to call the bank directly or visit a branch office.


  • Online borrowing is available up to $30,000.
  • You can qualify for a lower interest rate on your loan if you sign up for autopay.
  • You can borrow more than $30,000, but you will need to call customer service to see if you qualify.
  • You can earn ThankYou Rewards for using an eligible Citibank checking account that is also enrolled in the reward program.


  • While it’s not necessarily a large problem, Citibank states that you will receive a check for your loan amount in the mail in about five business days, which is a little longer than some of the other institutions that promise direct deposit in as little as a day or two.
  • The fine print lists that Citibank’s rate for personal loans is subject to change at any point without notice.
  • Although the reward program can be a pro, it could also be a negative if you don’t qualify. You will need to have at least one direct deposit and one automatic bill payment a month to earn rewards.

If you’re already a Citibank customer and are familiar with its ThankYou® Rewards program, choosing it as a financial lender for your personal loan might make a lot of sense.

Interested in a personal loan?

Here are the top personal loan lenders of 2019!
LenderAPR RangeLoan Amount 
1 Includes AutoPay discount. Important Disclosures for SoFi.

SoFi Disclosures

  1. Fixed rates from 5.990% APR to 16.240% APR (with AutoPay). Variable rates from 5.75% APR to 14.60% APR (with AutoPay). SoFi rate ranges are current as of March 18, 2019 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, years of professional experience, income and other factors. See APR examples and terms. Interest rates on variable rate loans are capped at 14.95%. Lowest variable rate of 5.75% APR assumes current 1-month LIBOR rate of 2.50% plus 4.28% margin minus 0.25% AutoPay discount. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
  2. To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull.
    See Consumer Licenses.
  3. Minimum Credit Score: Not all applicants who meet SoFi’s minimum credit score requirements are approved for a personal loan. In addition to meeting SoFi’s minimum eligibility criteria, applicants must also meet other credit and underwriting requirements to qualify.
  4. SoFi Personal Loans are not available to residents of MS. Maximum interest rate on loans for residents of AK and WY is 9.99% APR, for residents of IL with loans over $40,000 is 8.99% APR, for residents of TX is 9.99% APR on terms greater than 5 years, for residents of CO, CT, HI, VA, SC is 11.99% APR, and for residents of ME is 12.24% APR. Personal loans not available to residents of MI who already have a student loan with SoFi. Personal Loans minimum loan amount is $5,000. Residents of AZ, MA, and NH have a minimum loan amount of $10,001. Residents of KY have a minimum loan amount of $15,001. Residents of PA have a minimum loan amount of $25,001. Variable rates not available to residents of AK, TX, VA, WY, or for residents of IL for loans greater than $40,000.
  5. Terms and Conditions Apply: SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (

2 Includes AutoPay discount. Important Disclosures for Payoff.

Payoff Disclosures

  1. All loans are subject to credit review and approval. Your actual rate depends upon credit score, loan amount, loan term, credit usage and history. Currently loans are not offered in: MA, MS, NE, NV, OH, and WV.

3 Important Disclosures for FreedomPlus.

FreedomPlus Disclosures

  1. All loans available through are made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. All loan and rate terms are subject to eligibility restrictions, application review, credit score, loan amount, loan term, lender approval, and credit usage and history. Eligibility for a loan is not guaranteed. Loans are not available to residents of all states – please call a FreedomPlus representative for further details. The following limitations, in addition to others, shall apply: FreedomPlus does not arrange loans in: (i) Arizona under $10,500; (ii) Massachusetts under $6,500, (iii) Ohio under $5,500, and (iv) Georgia under $3,500. Repayment periods range from 24 to 60 months. The range of APRs on loans made available through FreedomPlus is 5.99% to a maximum of 29.99%. APR. The APR calculation includes all applicable fees, including the loan origination fee. For Example, a four year $20,000 loan with an interest rate of 15.49% and corresponding APR of 18.34% would have an estimated monthly payment of $561.60 and a total cost payable of $7,948.13. To qualify for a 5.99% APR loan, a borrower will need excellent credit on a loan for an amount less than $12,000.00, and with a term equal to 24 months. Adding a co-borrower with sufficient income; using at least eighty-five percent (85%) of the loan proceeds to directly pay off qualifying existing debt; or showing proof of sufficient retirement savings, could help you also qualify for the lowest rate available.

4 Important Disclosures for Citizens Bank.

Citizens Bank Disclosures

  1. Personal Loan Rate DisclosureFixed interest rates from 6.79% – 20.89% (6.79% – 20.89% APR) based on applicable terms. Lowest rates range from 5.99%-18.99% (5.99%-18.99% APR), are for eligible applicants, require a 3-year repayment term, and include our Loyalty and Automatic Payment Discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.
  2. Loyalty Discount: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower has a qualifying account in existence with us at the time the borrower has submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, student loans or other personal loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI and VT. This discount will be reflected in the interest rate and Annual Percentage Rate (APR) disclosed in the Truth-In-Lending Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan, and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
  3. Automatic Payment Discount: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their Citizens Bank Personal Loan during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account two or more times within any 12-month period, the borrower will no longer be eligible for this discount.

5 Important Disclosures for LendingPoint.

LendingPoint Disclosures

  • Loan approval is not guaranteed. Actual loan offers and loan amounts, terms and annual percentage rates (“APR”) may vary based upon LendingPoint’s proprietary scoring and underwriting system’s review of your credit, financial condition, other factors, and supporting documents or information you provide. Origination or other fees from 0% to 6% may apply depending upon your state of residence. Upon LendingPoint’s final underwriting approval to fund a loan, said funds are often sent via ACH the next non-holiday business day. LendingPoint makes loan offers from $2,000 to $25,000, at rates ranging from a low of 9.99% APR to a high of 35.99% APR, with terms from 24 to 48 months. The loan offer(s) shown reflect a 28 day payment cycle which is being offered as a courtesy as many of our customers are paid on a biweekly schedule and thus this may better align the loan payment dates with your actual income receipt schedule.

6 Important Disclosures for LendingClub.

LendingClub Disclosures

All loans made by WebBank, Member FDIC. Your actual rate depends upon credit score, loan amount, loan term, and credit usage & history. The APR ranges from 6.95% to 35.89%*. The origination fee ranges from 1% to 6% of the original principal balance and is deducted from your loan proceeds. For example, you could receive a loan of $6,000 with an interest rate of 7.99% and a 5.00% origination fee of $300 for an APR of 11.51%. In this example, you will receive $5,700 and will make 36 monthly payments of $187.99. The total amount repayable will be $6,767.64. Your APR will be determined based on your credit at the time of application. The average origination fee is 5.49% as of Q1 2017. In Georgia, the minimum loan amount is $3,025. In Massachusetts, the minimum loan amount is $6,025 if your APR is greater than 12%. There is no down payment and there is never a prepayment penalty. Closing of your loan is contingent upon your agreement of all the required agreements and disclosures on the website. All loans via LendingClub have a minimum repayment term of 36 months. Borrower must be a U.S. citizen, permanent resident or be in the United States on a valid long term visa and at least 18 years old. Valid bank account and Social Security number are required. Equal Housing Lender. All loans are subject to credit approval. LendingClub’s physical address is: LendingClub, 71 Stevenson Street, Suite 1000, San Francisco, CA 94105.

†Per reviews collected and authenticated by Bazaarvoice in compliance with the Bazaarvoice Authentication Requirements, supported by anti-fraud technology and human analysis. All reviews can be reviewed at

**Based on approximately 60% of borrowers who received offers through LendingClub’s marketing partners between January 1, 2018 to July 20,2018. The time it will take to fund your loan may vary.

7 Important Disclosures for Earnest.

Earnest Disclosures

  1. Earnest does not lend in Alabama, Delaware, Kentucky, Nevada, or Rhode Island.

8 Important Disclosures for Avant.

Avant Disclosures

* The actual rate and loan amount that a customer qualifies for may vary based on credit determination and other factors. Funds are generally deposited via ACH for delivery next business day if approved by 4:30pm CT Monday-Friday. Avant branded credit products are issued by WebBank, member FDIC.

** Example: A $5,700 loan with an administration fee of 4.75% and an amount financed of $5,429.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $230.33

* Important Disclosures for Upgrade Bank.

Upgrade Bank Disclosures

* Your loan terms are not guaranteed and are subject to our verification and review process. You may be asked to provide additional documents to enable us to verify your income and your identity. This rate includes an Autopay APR reduction of 0.5%. By enrolling in Autopay your payments will be automatically deducted from you bank account. Selecting Autopay is optional. Annual Percentage Rate is inclusive of a loan origination fee, which is deducted from the loan proceeds. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. All loans made by WebBank, member FDIC. Please refer to Upgrade’s Terms of Use and Borrower Agreement for all terms, conditions and requirements.

** Accept your loan offer and your funds will be sent to your bank via ACH within one (1) business day of clearing necessary verifications. Availability of the funds is dependent on how quickly your bank processes this transaction. From the time of approval, funds should be available within four (4) business days.

5.75% – 16.24%1$5,000 - $100,000

Visit SoFi

7.46% – 35.99%$1,000 - $50,000

Visit Upstart

7.99% – 35.89%*$1,000 - $50,000

Visit Upgrade

5.99% – 24.99%2$5,000 - $35,000

Visit Payoff

5.99% – 29.99%3$7,500 - $40,000

Visit FreedomPlus

6.79% – 20.89%4$5,000 - $50,000

Visit Citizens

9.99% – 35.99%5$2,000 - $25,000

Visit LendingPoint

6.95% – 35.89%6$1,000 - $40,000

Visit LendingClub

6.99% – 18.24%7$5,000 - $75,000

Visit Earnest

9.95% – 35.99%8$2,000 - $35,000

Visit Avant

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print to help you understand what you are buying. Be sure to consult with a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time.

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