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Capital One Personal Loan Alternatives

Feb. 11, 2020
Loans, Personal Loans, Personal Loans Reviews
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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 29%.
  • 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.

» MORE: How to get a credit union personal loan

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.

» MORE: Compare our picks for online loans

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.

5.0 NerdWallet rating

at Marcus
4.5 NerdWallet rating

at LendingClub
sofilogoforbox
5.0 NerdWallet rating

at SoFi

APR

6.99% - 28.99%





Minimum credit score

660





Best for

Debt consolidation



APR

10.68% - 35.89%





Minimum credit score

600





Best for

Good credit borrowers



APR

5.99% - 19.96% (with autopay)





Minimum credit score

680





Best for

New credit borrowers



Click “Check Rate” to pre-qualify and receive a personalized rate from multiple lenders on NerdWallet.

Other types of Capital One loans

Capital One offers other types of loans, including:

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