Capital One Personal Loan Alternatives

Capital One does not provide personal loans, but other lenders may offer alternatives.

Amrita JayakumarJune 30, 2020
On a similar note...
On a similar note...

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Capital One does not currently offer unsecured personal loans. You can get a personal loan from other lenders, including other banks, credit unions and online lenders.

Personal loan alternatives to Capital One

Banks

Citibank and Wells Fargo are two banks that offer personal loans. To qualify, you must be a bank customer and meet minimum credit and income requirements.

Snapshot of a typical bank-issued personal loan:

  • Credit scores accepted: good to excellent.

  • APR range: 5% to 25%.

  • Loan amounts: $1,000 to $100,000.

Credit unions

Local credit unions typically offer lower rates and more flexible terms than traditional banks or online lenders. NerdWallet recommends a local credit union as a good first choice for a personal loan, especially if your credit is poor.

Snapshot of a typical credit union personal loan:

  • Credit score accepted: bad to excellent.

  • APR range: Average 9.3% at federal credit unions for a 3-year loan.

  • Loan amounts: $500 to $50,000.

Online lenders

Online lenders cater to all kinds of credit profiles and most give you estimated rates without a hard inquiry on your credit. You can complete the application process online, and sometimes receive your funds within a day.

It pays to compare rates from multiple online lenders because companies use different formulas to set their rates. NerdWallet’s loan comparison tool lets you check rates without affecting your credit.

Snapshot of a typical online personal loan:

  • Credit score accepted: bad to excellent.

  • APR range: 6% to 36%.

  • Loan amounts: $1,000 to $100,000.

Compare personal loans

Here are three online lenders to consider as alternatives to Capital One. NerdWallet recommends pre-qualifying for multiple loans to compare rates.

Marcus by Goldman Sachs
Lightstream
SoFi
NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Est. APR

6.99 - 19.99%

Est. APR

3.99 - 16.99%

Est. APR

5.99 - 18.53%

Loan Term

3 to 6 years

Loan Term

2 to 7 years

Loan Term

2 to 7 years

Loan Amount

$3,500 - $40,000

Loan Amount

$5,000 - $100,000

Loan Amount

$5,000 - $100,000

Min. Credit Score

680

Min. Credit Score

660

Min. Credit Score

680

Other types of Capital One loans

Capital One offers other types of loans, including:

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