If you’re a customer with a major bank such as Chase or Bank of America, you probably assume you can get a personal loan with either bank without a hitch.
However, you’re in for a surprise — Chase personal loans and Bank of America personal loans don’t exist. Here’s your guide for figuring out which big banks can help you get a personal loan (and which ones aren’t worth your time).
3 major banks that don’t offer personal loans
It’s not just Chase that’s out of the personal loans game. The third-biggest bank in the U.S. by assets also has forgone this product, so you won’t find Bank of America personal loans. Capital One doesn’t offer personal loans either.
Where to find alternative personal loans
You might be disappointed to find Chase personal loans aren’t an option. You can still find a great personal loan — even if it means you have to shop outside your preferred lender.
Other big banks
Several major banks besides still offer personal loans, most likely with the same benefits you’d expect from Chase. These established lenders make it easy, fast, and simple to borrow when you need to. If you still want to go this route, see our list below of banks that offer personal loans.
But before signing on the dotted line, you should see what other personal loan options are out there. Online personal loans or a credit union can often beat rates and terms offered by big banks.
Online personal loans
Many fintech companies and online lenders are able to offer a better value thanks to lower overhead and a smaller line of products. Different online lenders can work with different credit backgrounds, too, to offer you the best rates.
Check out our roundup of the best personal loans of 2018 and see how their rates measure up to what major banks offer.
Credit union personal loans
Credit unions also use their unique business structures to offer great deals to their members. That’s because these financial institutions are not-for-profit, so they’re designed to help communities and customers and give them a leg up.
When it comes to credit union personal loans, this often results in some of the lowest rates and fees. Some credit unions also offer unique products such as savings-secured loans or credit builder loans.
10 major banks (besides Chase) that offer personal loans
Of course, there are still valid reasons you might prefer a big bank for your personal loan.
To help out, we surveyed major U.S. banks to find those that offer personal loans. Here’s a highlight of personal loans offered by major banks — see if yours is on the list.
1. Citizens Bank personal loans
You can borrow amounts of $5,000 to $50,000 with a Citizens Bank personal loan, and use it to consolidate debt or make a major purchase. It also offers personal loan terms of three to seven years, so you can decide if you’d rather get out of debt sooner or face lower monthly payments.
2. Wells Fargo personal loans
If you’re already a member of Wells Fargo or want a bank that’s accessible with a wide range of other services, this second-biggest bank could be for you.
Wells Fargo personal loans have no origination fees and can be used to borrow $3,000 to $100,000. The bank also offers a Wells Fargo line of credit, which can be used in place of a personal loan.
Check out our Wells Fargo personal loan review for an in-depth look at the fees, features, and terms this major bank offers.
3. Citibank personal loans
Citibank offers personal loans from $2,000 to $50,000.
Its personal loans offer terms of one to five years, so you can easily choose whether you want to pay off debt quickly or make affordable monthly payments.
4. U.S. Bank personal loans
The Premier Loan from U.S. Bank offers competitively low rates and loans from $5,000 to $25,000. You can securely apply for a U.S. Bank personal loan online.
5. PNC personal loans
PNC personal loans come in two varieties: secured and unsecured.
6. TD Bank personal loans
If you need cash fast, a TD Bank personal loan can make it happen. The TD Express Loan offers a quick loan application process. You can borrow $2,000 to $15,000, and funds could be available within 48 hours after you apply.
A TD Bank unsecured loan won’t have the same fast turnaround, but it offers amounts up to $50,000.
7. BB&T personal loans
You can get both BB&T personal loans and personal lines of credit. However, the bank doesn’t provide many details about these products on its site. Contact your local branch for more information about BB&T’s terms for personal loans.
8. SunTrust Bank personal loans
SunTrust Bank offers a range of unsecured loans for different purposes, from consolidating debt to financing home improvements or covering private school tuition.
Loan terms will vary by borrowing purpose, but SunTrust provides a wide range of loan lengths and amounts. These loans also offer competitive interest rates and a 0.50% rate discount for setting up autopay.
9. Fifth Third Bank personal loans
Fifth Third Bank offers unsecured personal loans, or you can get a secured personal loan using savings, CDs or investments as collateral.
10. KeyBank personal loans
KeyBank also offers secured and unsecured personal loan options. Both loans can be used to borrow amounts starting at $5,000. Current KeyBank customers also get Relationship Rewards points for opening a personal loan with KeyBank.
Whatever the reason you were looking for a Chase personal loan, you still have plenty of options to borrow the funds you need. The right option is out there if you shop wisely and compare personal loans to find it.
Interested in a personal loan?Here are the top personal loan lenders of 2018!
|Lender||APR Range||Loan Amount|
|1 Includes AutoPay discount. Important Disclosures for SoFi.
2 Includes AutoPay discount. Important Disclosures for Payoff.
3 Important Disclosures for FreedomPlus.
4 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
5 Important Disclosures for LendingPoint.
6 Important Disclosures for LendingClub.
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 6.16% to 35.89%. 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 time of application. The origination fee ranges from 1% to 6% and the average origination fee is 5.49% as of Q1 2017. 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 www.lendingclub.com website. All loans via LendingClub have a minimum repayment term of 36 months or longer.
7 Important Disclosures for Earnest.
8 Important Disclosures for Avant.
* 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
** 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.
|7.73% – 29.99%||$1,000 - $50,000||Visit Upstart|
|6.26% – 14.87%1||$5,000 - $100,000||Visit SoFi|
|6.99% – 35.97%*||$1,000 - $50,000||Visit Upgrade|
|5.99% – 24.99%2||$5,000 - $35,000||Visit Payoff|
|4.99% – 29.99%3||$10,000 - $35,000||Visit FreedomPlus|
|5.99% – 18.99%4||$5,000 - $50,000||Visit Citizens|
|15.49% – 34.49%5||$2,000 - $25,000||Visit LendingPoint|
|6.16% – 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|