Chase Personal Loans Don’t Exist: 9 Banks You Should Try Instead

chase personal loans

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

A quick online search for Chase personal loans reveals that the major bank doesn’t offer this product. Chase also no longer offers student loans or personal lines of credit.

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.

Get a personal loan from these 9 big banks

Not being able to access Chase personal loans can be a drag, but you can find a great personal loan — even if it means you have to shop outside your preferred lender.

We surveyed some of the biggest banks in the U.S 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. 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.

2. 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.

3. 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.

4. PNC personal loans

PNC personal loans come in two varieties: secured and unsecured.

Secured loans require approved non-real estate collateral to borrow, and unsecured loans don’t require collateral.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

Should you get a personal loan with a major bank?

Big banks are just one type of lender you can turn to for a personal loan. You also can look at credit unions, local banks, and online personal loan lenders.

Borrowing from a major U.S. bank does have benefits, including the following:

  • Established relationship. If you’re already a member, you know and trust this bank. It also has incentives to keep you on as a customer.
  • Easy application process. From filling out the application online to speaking with a loan officer in person, major banks offer well-built processes to help you apply for a loan. It might be easier to get approved for a loan or get an interest rate discount if you’re a member in good standing.
  • Fast personal loan approval. Major banks usually have fast application processes and the ability to fund a large number of personal loans.
  • Multiple locations. If issues arise with your personal loan, there’s no replacement for face-to-face customer service. Major banks offer more branches throughout the U.S.
  • Wide variety of options. Maybe you decide a personal loan isn’t for you. Most major banks offer other loans as well, such as home equity lines of credit or auto loans.

Major banks offer the kind of service many borrowers value. However, many fintech companies and online lenders are able to offer a better value thanks to lower overhead and a smaller line of products.

Check out our roundup of the best personal loans of 2017 and see how their rates measure up to what major banks offer.

Interested in a personal loan?

Here are the top personal loan lenders of 2018!
LenderRates (APR)Loan Amount 
1 Includes AutoPay discount. Important Disclosures for SoFi.

SoFi Disclosures

  1. 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 Finance Lender Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)
  2. Personal Loans: Fixed rates from 5.49% APR to 14.24% APR (with AutoPay). Variable rates from 5.29% APR to 11.44% APR (with AutoPay). SoFi rate ranges are current as of December 1, 2017 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. Interest rates on variable rate loans are capped at 14.95%. Lowest variable rate of 5.29% APR assumes current 1-month LIBOR rate of 1.34% plus 4.20% 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 Important Disclosures for Citizens Bank.

Citizens Bank Disclosures

  1. Personal Loan Rate Disclosure: Variable rate, based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of August 1, 2017, the one-month LIBOR rate is 1.23%. Variable interest rates range from 6.02% – 15.97% (6.02% – 15.97% APR) and will fluctuate over the term of your loan with changes in the LIBOR rate, and will vary based on applicable terms and presence of a co-applicant. Fixed interest rates range from 5.99% – 16.24% (5.99% – 16.24% APR) based on applicable terms and presence of a co-applicant. Lowest rates shown 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 Citizens Bank 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, Citizens Bank 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 Benefit: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their student loans owned by Citizens Bank, N.A. 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. Discount is not available when payments are not due, such as during forbearance. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account three or more times within any 12-month period, the borrower will no longer be eligible for this discount.
7.39% - 29.99%$1,000 - $50,000Visit Upstart
5.29% - 14.24%1$5,000 - $100,000Visit SoFi
8.00% - 25.00%$5,000 - $35,000Visit Payoff
5.99% - 16.24%2$5,000 - $50,000Visit Citizens
5.99% - 35.89%$1,000 - $40,000Visit LendingClub
5.25% - 14.24%$2,000 - $50,000Visit Earnest
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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 and will make a positive impact in your life. 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, understand what you are buying, and consult 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. Please do your homework and let us know if you have any questions or concerns.