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Chase Bank personal loan alternatives

Chase doesn’t offer personal loans, but there are similar lenders that do.

Chase is known for its extensive credit card offerings with perks like travel rewards and cash back earnings. It also offers a range of business and home loans – but doesn’t currently offer personal loans.

Here are six alternatives like Chase bank that offer personal loans. These lenders offer competitive rates on personal loans for a range of credit scores, and some have physical locations.

Alternative for low rates: LightStream

LightStream personal loans

4.8 / 5 ★★★★★

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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
APR7.49% to 25.99%
Interest Rate TypeFixed
Min. credit scoreGood to excellent credit
Turnaround TimeAs soon as same day
Maximum Loan Term12 years
Minimum Loan Term2 years

Alternative for extra perks: SoFi

SoFi personal loans

4.4 / 5 ★★★★★

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SoFi is a top online lender that offers a range of extra benefits to borrowers. Take out a loan and you'll also be eligible for free financial advice, career counseling and a range of other services designed to help you reach financial freedom. Rates start at 8.99% to 29.99%, with terms between 24 to 84 months and loans range from $5,000 to $100,000. Expect to need a credit score of at least 680 or higher. SoFi has some downsides, such as a slow turnaround time of 30 days (after approval). If you're taking on a personal loan for debt consolidation, it doesn't send the funds directly to your creditors.
  • Available in all states
Pros
  • Member perks
  • Low rates
  • Large maximum loan amount
Cons
  • Slow turnaround time
  • Not great for debt consolidation
  • High minimum loan amount of $5,000
Loan amount$5,000 to $100,000
APR8.99% to 29.99%
Interest Rate TypeFixed
Min. credit score680
Turnaround TimeUp to 2 business days
Maximum Loan Term7 years
Minimum Loan Term2 years

Alternative for peer-to-peer lending: Prosper

Prosper personal loans

3.4 / 5 ★★★★★

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Ready to move on from banks? Prosper is a peer-to-peer online lending platform. Instead of borrowing from traditional financial institutions like a bank, you borrow from individual investors. Rates on Prosper's loans range from 8.99% to 35.99% — on the high end. There's an origination fee of 1% to 7.99%, loan amounts are for $2,000 to $50,000, and terms range from 36 to 60 months. Turnaround time is OK, as funding may take up to five business days. Plan on needing a credit score of at least 640, but with Prosper, coapplicants are accepted.
  • Not available in: Iowa, North Dakota, West Virginia
Pros
  • Small and large loans offered
  • Quick turnaround time
  • Fair credit OK
  • Coapplaints accepted
Cons
  • High max APR
  • Late fees
  • Origination fees on all loans
Loan amount$2,000 to $50,000
APR8.99% to 35.99%
Interest Rate TypeFixed
Min. credit score640
Turnaround TimeUp to 14 business days
Maximum Loan Term5 years
Minimum Loan Term3 years

Alternative for fair credit: Upgrade

Upgrade personal loans

4 / 5 ★★★★★

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Upgrade may not have the lowest rates out there, but it accepts fair-credit borrowers with scores as low as 620. 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 , 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
  • 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
APR8.49% to 35.99%
Interest Rate TypeFixed
Min. credit score620
Turnaround Time1 to 4 business days
Maximum Loan Term7 years
Minimum Loan Term2 years

Why doesn’t Chase offer personal loans?

A lot of banks, including Chase, find that personal loans don’t generate enough money anymore — especially since the 2008 financial crisis brought on new and costly regulations. Some major banks offer personal loans, but they’re few and far between.

Chase also stopped financing student loans in 2013. If you have a previous student loan through Chase, it’s now serviced by Navient. For alternatives, compare these top student loan providers similar to Chase.

What other loans does Chase offer?

Chase offers a range of loans, including auto and home loans and business loans.

Here’s a rundown of the options:

  • Business term loans. Chase small business loans start at $5,000 with terms ranging from one to seven years. It offers business term loans, draw loans and advised lines.
  • Auto loans. Chase offers auto loans into the six figures with terms from 48 to 72 months. Use Chase’s online calculator to estimate payments and rates based on your credit score.
  • Mortgages. Chase offers fixed and adjustable-rate mortgages to qualified borrowers with down payments as low as 3%. It also offers VA loans with 0% down. You can also apply for mortgage refinancing with a cash out option.
  • My Chase Loan. Lets you borrow money from your Chase card’s available credit, which you back at a fixed APR that’s lower than your card’s standard purchase APR.

For other expenses, there are Chase credit cards. Since these tend to have higher APRs than a typical personal loan, consider one of Chase’s 0% introductory APR cards, like its Freedom or Slate cards.

Compare more personal loan options

There are many more lenders in the sea. Compare personalized loan options by your credit score.

1 - 6 of 6
Name Product Filter Values APR Min. credit score Loan amount
LightStream personal loans
Finder Rating: 4.8 / 5: ★★★★★
LightStream personal loans
7.49% to 25.99%
Good to excellent credit
$5,000 to $100,000
Borrow up to $100,000 with low rates and no fees.
PenFed Credit Union personal loans
Finder Rating: 3.6 / 5: ★★★★★
PenFed Credit Union personal loans
7.99% to 18%
580
$600 to $50,000
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
Upgrade
Finder Rating: 4 / 5: ★★★★★
Upgrade
8.49% to 35.99%
620
$1,000 to $50,000
Check your rates with this online lender without impacting your credit score.
Best Egg personal loans
Finder Rating: 3.8 / 5: ★★★★★
Best Egg personal loans
8.99% to 35.99%
600
$2,000 to $50,000
Fast and easy personal loan application process. See options first without affecting your credit score.
Credible personal loans
Finder Rating: 4.3 / 5: ★★★★★
Credible personal loans
4.60% to 35.99%
Fair to excellent credit
$600 to $100,000
Get personalized prequalified rates in minutes and then choose an offer from a selection of top online lenders.
Freedom Debt Relief
Not rated yet
Freedom Debt Relief
N/A
N/A
Starting at $1,000
Freedom Debt Relief works to help people with unmanageable, unsecured debt get back on their feet.
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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, check out our personal loans guide.

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