4 alternatives Capital One personal loans

Capital One doesn’t offer personal loans. But your options aren't limited. You can still find competitive offers from online lenders and national banks in addition to smaller banks and credit unions.

Why doesn’t Capital One offer personal loans?

Loans have never been Capital One’s strong point, so it shouldn’t come as much of a surprise that it no longer offers personal loans. This could be part of a larger trend by big banks to move away from personal lending. It also could be that Capital One wants to focus on what it’s best known for: Credit cards. In fact, it discontinued its mortgage program in 2017 and currently only offers auto loans and business loans to its customers.

4 top alternatives to Capital One personal loans

Although Capital One can’t help with your personal loan needs, one of these lenders might be a good alternative.

Best for comparing rates

Fiona personal loans

4.25 / 5
★★★★★

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• Overview
• Pros & Cons
• More Details

If you aren't sure where to start, or just want a broad overview of the loans you could qualify for, Fiona is a good choice. After submitting one online form, Fiona can connect you with personalized rates and terms from multiple lenders — all without affecting your credit score. But you won't have as much control over how it shares your information than you might with another lender.

• Available in all states

Pros

• Compare offers without affecting credit
• Most credit types accepted
• Loans for most needs available

Cons

• Not a direct lender
• Shares your information with affiliates
• Must be 21 to qualify

Loan Amount	$250 to $250,000
APR	4.75% to 35.99%
Interest Rate Type	Fixed
Min. Credit Score	Poor
Turnaround Time	Varies by lender
Maximum Loan Term	12 years
Minimum Loan Term	2 years

APR	4.75% to 35.99%
Min. Credit Score	Poor
Loan Amount	$250 to $250,000

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Best for a speedy turnaround

LightStream personal loans

4.83 / 5
★★★★★

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• Overview
• Pros & Cons
• More Details

LightStream frequently makes the list of best alternatives to banks because it's backed by SunTrust. And when you're looking for a fast lender, it takes the cake: Funds may be available on the same day you apply. You can also take advantage of its rate beat program and generous 0.5% APR discount for signing up for autopay. But you'll need to have good to excellent credit to qualify. And loan amounts start higher than average — not ideal for smaller emergencies that pop up.

• Available in all states

Pros

• Highly competitive rates
• Funding as soon as the same day
• High autopay discount

Cons

• Preapproval not available
• High minimum loan amount
• No customer service line

Loan Amount	$5,000 to $100,000
APR	Competitive
Interest Rate Type	Fixed
Min. Credit Score	Good to excellent credit
Turnaround Time	Same day
Maximum Loan Term	7 years
Minimum Loan Term	2 years

APR	Competitive
Min. Credit Score	Good to excellent credit
Loan Amount	$5,000 to $100,000

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Best for borrowing from a large bank

Wells Fargo personal loans

3.65 / 5
★★★★★

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• Overview
• Pros & Cons
• More Details

If you prefer working with a lender face to face, then you might want to consider Wells Fargo. It offers a wide range of borrowing amounts, competitive rates and terms as long as seven years. While you don't need to have an account with Wells Fargo to apply, you might qualify for a relationship discount of 0.25%. And it's fast for a bank — you could get your funds as soon as the next business day after approval — if you're an existing customer.

• Available in all states

Pros

• No origination fee
• Rate discount for customers
• Long terms available

Cons

• Only current customers can apply online
• Relatively minimum loan amount
• Late fee as high as $39

Loan Amount	$3,000 to $100,000
APR	5.74% to 20.99%
Interest Rate Type	Fixed
Min. Credit Score	Varies
Turnaround Time	As soon as 1 business day
Maximum Loan Term	7 years
Minimum Loan Term	1 year

APR	5.74% to 20.99%
Min. Credit Score	Varies
Loan Amount	$3,000 to $100,000

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Best for borrowers with good credit

HSBC personal loans

3.6 / 5
★★★★★

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• Overview
• Pros & Cons
• More Details

HSBC is a large national bank with personal loan options in 49 states. Unlike many other banks, it doesn't require excellent credit — and it has a relatively low maximum APR. You may receive your funds the same day you apply, and your first payment won't be due for 50 days. Interest still accrues, however, so paying earlier can help you save. The biggest downside is its maximum loan amount, which is lower for new customers than existing HSBC account holders. Combined with a high starting loan amount, you'll want to know the specifics of the expense you're trying to cover before you fill out an application.

• Not available in: Wisconsin

Pros

• No origination fee
• Same-day turnaround for current customers
• Deferment for 50 days

Cons

• Lower maximum amount for new customers
• Might require a branch visit
• Deferment could cost you more

Loan Amount	$3,000 to $30,000
APR	5.99% to 22.99%
Interest Rate Type	Fixed
Min. Credit Score	700
Turnaround Time	1 business day
Maximum Loan Term	5 years
Minimum Loan Term	2 years

APR	5.99% to 22.99%
Min. Credit Score	700
Loan Amount	$3,000 to $30,000

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How we picked these lenders

When choosing the best alternatives to Capital One, we looked for lenders that have a wide state availability and range of borrowing amounts. We also considered how easy it is to apply and potential interest rates. This selection includes two big banks, one online lender backed by a bank and a connection service that works with legit lenders so you can make the best choice when comparing options similar to Capital One.

Does Capital One offer other loans?

Capital One has a limited selection of financial products, including:

• Auto loans
• Business loans
• Personal credit cards
• Business credit cards

Read our guide to Capital One's loan options for more information on its auto loan and business loan programs.

What credit score do I need to qualify for a personal loan?

For most online lenders, you will need a fair credit score of at least 600 to qualify. But banks, credit unions and larger online lenders typically require good to excellent credit to qualify. If you're not sure you meet a lender's minimum credit score requirement, reach out to its customer service team before you apply.

Where else can I borrow a personal loan?

Most banks, credit unions and online lenders offer personal loans. With any of these options, you may be able to borrow between $1,000 to $50,000 — although there are some lenders that offer up to $100,000. Interest rates vary widely based on your credit score and finances, so it's best to compare multiple lenders and apply for preapproval before settling on a lender.

Compare more personal loans

To view online lenders and connection services, select your credit score and state. Then click Show me my personalized options.

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Name	Product	Filter Values	APR	Min. Credit Score	Loan Amount
Credible personal loans			3.99% to 35.99%	Fair to excellent credit	$600 to $100,000	Get personalized rates in minutes and then choose an offer from a selection of top online lenders.	Go to site More Info	Compare	loading Fetching your data…
Best Egg personal loans			5.99% to 35.99%	600	$2,000 to $50,000	A prime online lending platform with multiple repayment methods.	Go to site More Info	Compare	loading Fetching your data…
Upstart personal loans			5.4% to 35.99%	None	$1,000 to $50,000	This service looks beyond your credit score to get you a competitive-rate personal loan.	Go to site More Info	Compare	loading Fetching your data…
Upgrade personal loans			5.94% to 35.97%	600	$1,000 to $50,000	Affordable loans with two simple repayment terms and no prepayment penalties.	Go to site More Info	Compare	loading Fetching your data…
LendingPoint personal loans			7.99% to 35.99%	585	$2,000 to $36,500	Get a personal loan with reasonable rates even if you have a fair credit score in the 600s.	Go to site More Info	Compare	loading Fetching your data…
SoFi personal loans			6.99 to 22.23%	680	$5,000 to $100,000	A highly-rated lender with competitive rates, high loan amounts and no fees.	Go to site More Info	Compare	loading Fetching your data…
LendingClub personal loans			6.34% to 35.89%	600	$1,000 to $40,000	A peer-to-peer lender offering fair rates based on your credit score.	Go to site More Info	Compare	loading Fetching your data…
Monevo personal loans			1.99% to 35.99%	None	$500 to $100,000	Quickly compare multiple online lenders with competitive rates depending on your credit.	Go to site More Info	Compare	loading Fetching your data…

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Bottom line

Like with many other big banks, Capital One personal loans aren't longer an option. You might want to consider going with an online lender instead or sticking to one of Capital One’s other credit products. Want to learn about more lenders — or how personal loans work in general? Check out our guide to personal loans where we break down everything you need to know.