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Capital One Personal Loan Alternatives

Jan. 19, 2018
Loans, Personal Loans, Personal Loans Reviews
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We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

Capital One — like most other large U.S. banks — does not 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

IN THIS ARTICLE

Personal loans from banks

Personal loans from credit unions

Personal loans from online lenders

Banks

Among the five largest banks by assets, only Citibank and Wells Fargo offer personal loans and personal lines of credit. 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: 7% to 24%
  • Loan amounts: $2,000 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 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: 2.9% to 36%
  • Loan amounts: $500 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.

5.0 NerdWallet rating

4.5 NerdWallet rating

sofilogoforbox
5.0 NerdWallet rating

APR

6.99% - 24.99%





Minimum credit score

660





Best for

Debt consolidation



APR

6.16% - 35.89%





Minimum credit score

600





Best for

Good credit borrowers



APR

5.81% - 15.37% (with autopay)





Minimum credit score

680





Best for

New credit borrowers



Compare rates on NerdWallet. Click to see estimated rates from multiple lenders.

Other types of Capital One loans

Capital One offers other types of loans, including:

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