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Chase Bank personal loan alternatives

Your next-best options for borrowing large amounts, debt consolidation and more.

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Anna Serio
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You can’t get a personal loan from Chase. But you might find rates, terms and loan amounts close to what Chase might have offered with lenders like LightStream, Upgrade or Wells Fargo. Wells Fargo gets you the large national bank experience, while LightStream and Upgrade have more streamlined applications and flexible credit requirements.

Why doesn’t Chase offer personal loans?

Like several other big banks, Chase doesn’t currently offer personal loans. This could be because a lot of banks simply find that general personal loans just can’t make them that much money anymore — especially since the 2008 financial crisis brought on new, more costly regulations. You can still get car loans, home loans and business loans through Chase, however.

It could also be that Chase is focusing on its strengths: credit cards, car loans and mortgages. Credit cards in particular are its strong suit, with nearly 25 options ranging from cards that can help you rack up miles on your favorite airline to a card that lets you earn points every time you buy a cup of coffee.

How did we choose these lenders?

To help you find the best alternative to Chase, we picked two personal loans backed by banks. These offer competitive terms for borrowers with good to excellent credit. For borrowers with fair credit, we selected a well-known online provider with a large national reach to ensure borrowers across the US have access to funding.

LightStream personal loans


4.83 / 5
★★★★★

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on Lightstream's secure site

As the lending arm of SunTrust Bank, LightStream’s low potential rates and maximum loan amount of $100,000 makes it a solid choice for consolidating debt. It’s also one of the few lenders that offers a rate beat program on top of a 0.5% APR discount for signing up for autopay. However, you’ll need good to excellent credit to qualify. And it’s not ideal for borrowing smaller amounts — its loans start at $5,000.

  • Available in all states
Pros
  • Highly competitive rates
  • Rate Beat Program
  • May be able to get your funds the same day
  • No origination fee
Cons
  • No customer service phone number
  • No preapproval process
  • Large minimum loan amount of $5,000
Loan Amount$5,000 – $100,000
APRCompetitive
Interest Rate TypeFixed
Min. Credit ScoreGood to excellent credit
Turnaround TimeAs soon as next day
Maximum Loan Term7 years
Minimum Loan Term2 years

Upgrade personal loans


3.98 / 5
★★★★★

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on Upgrade's secure site

Upgrade may not have the lowest rates out there, but it accepts fair-credit borrowers with scores as low as 600. It’s also available in 45 states, which gives it the same reach as national banks like Chase. And while you can only borrow up to $50,000, you likely wouldn’t qualify for larger amounts anyways if you only have fair credit. However, with a potentially high origination fee up to 8%, it could get pricey. It’s also not the fastest lender out there — it could take up to five days for the funds to reach your bank account.

  • Not available in: Colorado, Iowa, Maryland, Vermont, West Virginia
Pros
  • Flexible loan options, No prepayment penalty, Quick turnaround
Cons
  • Inflexible loan terms, High origination fee of up to 8%, Must have at least $1,000 left over after monthly expenses, Stricter eligibility criteria for self-employed applicants
Loan Amount$1,000 – $50,000
APR5.94% to 35.97%
Interest Rate TypeFixed
Min. Credit Score600
Turnaround Time1 to 4 business days
Maximum Loan Term5 years
Minimum Loan Term3 years

Wells Fargo personal loans


3.65 / 5
★★★★★

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Wells Fargo is a national bank like Chase, and its personal loans are some of the most competitive out there. It offers both secured and unsecured options, as well as lines of credit for borrowers with good to excellent credit. Rates start at a relatively low 5.99%, though its maximum APR is on the higher side at 24.49%. If you’re a current customer with a qualifying account, you could even score an autopay and loyalty discount up to 0.5%. And while it offers an online application to existing customers, you’ll need to visit a branch to apply in person if you don’t have a Wells Fargo account.

  • Available in all states
Pros
  • No origination fee
  • Multiple APR discounts available
  • Coapplicants welcome
Cons
  • Hefty late fee of $39
  • Online application for current customers only
Loan Amount$3,000 – $100,000
APR5.74% to 19.99%
Interest Rate TypeFixed
Min. Credit ScoreVaries
Turnaround TimeAs soon as 1 business day
Maximum Loan Term7 years
Minimum Loan Term1 year

What other banks offer personal loans?

A few other major banks around the US that offer personal loans includes:

  • HSBC — borrow between $3,000 and $50,000
  • Citibank — borrow between $2,000 and $50,000
  • TD Bank — borrow between $2,000 and $50,000

Compare personal loan offers from banks

Does Chase offer any similar loans?

Sort of. While you can’t get a multi-use personal loan from Chase, the bank offers other types of loans for specific uses.

Need to buy a car or trade in your current car loan? Consider looking into Chase’s auto loans.

Want to buy a home or refinance your mortgage? You might want to check out Chase’s mortgages.

Business owner? Look at a business term loan from Chase.

For all other expenses, there are always Chase credit cards. Since these tend to come with higher APRs than your typical personal loan, you might want to restrict it to small expenses or take out a new card that offers a 0% introductory APR, like its Freedom or Slate cards.

Compare more personal loan options

Data updated regularly
Name Product Filter Values APR Min. Credit Score Loan Amount
BHG personal loans
BHG personal loans
Varies
700
$20,000 – $200,000
A highly-rated lender with quick turnaround and reliable customer service.
Go to site
More Info
Credible personal loans
Credible personal loans
2.49% to 35.99%
Fair to excellent credit
$600 – $100,000
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Go to site
More Info
Best Egg personal loans
Best Egg personal loans
5.99% to 29.99%
600
$2,000 – $50,000
A prime online lending platform with multiple repayment methods.
Go to site
More Info
PenFed Credit Union personal loans
PenFed Credit Union personal loans
5.99% to 17.99%
650
$600 – $50,000
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
Go to site
More Info
SoFi personal loans
SoFi personal loans
4.99% to 19.63%
680
$5,000 – $100,000
A highly-rated lender with competitive rates, high loan amounts and no fees.
Go to site
More Info
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Compare up to 4 providers

Bottom line

Chase might not offer personal loans, but there are other options out there that might better fit your needs. If you’d like to keep your finances with this bank, you might want to go for one of Chase’s other loan or credit card options.

If you’re open to other providers, you might want to consider applying for a personal loan with an online lender instead. To learn more about personal loans and find a lender that works for you, visit our personal loans guide.

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