Chase Bank personal loan alternatives

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.

LightStream personal loans

4.83 / 5
★★★★★

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• Overview
• Pros & Cons
• More Details

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 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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Upgrade personal loans

4 / 5
★★★★★

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• Overview
• Pros & Cons
• More Details

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 to $50,000
APR	5.94% to 35.97%
Interest Rate Type	Fixed
Min. Credit Score	600
Turnaround Time	1 to 4 business days
Maximum Loan Term	7 years
Minimum Loan Term	2 years

APR	5.94% to 35.97%
Min. Credit Score	600
Loan Amount	$1,000 to $50,000

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Wells Fargo personal loans

3.65 / 5
★★★★★

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• Overview
• Pros & Cons
• More Details

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 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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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.

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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…
LightStream personal loans			Competitive	Good to excellent credit	$5,000 to $100,000	Borrow up to $100,000 with low rates and no fees.	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

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.

Frequently asked questions