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Chase Bank Personal Loan Alternatives

March 8, 2019
Loans, Personal Loans, Personal Loans Reviews
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JPMorgan Chase — like many other large U.S. banks — does not currently offer unsecured personal loans. However, you still have options from other lenders, including other banks, credit unions and online lenders.

Personal loan alternatives to Chase

Banks

Citibank and Wells Fargo are two among a short list of banks that offer personal loans. You have to sign up to be a bank customer, and there are minimum credit and income requirements.

Features of a typical bank-issued personal loan:

  • Credit score accepted: good to excellent
  • APR range: 7% to 24%
  • Loan amounts: $2,000 to $100,000

» MORE: Top banks offering personal loans

Credit unions

Most credit unions also offer personal loans, and with lower rates than traditional banks and online lenders. They do not require good credit profiles to qualify. Your local credit union is a good first choice when shopping for a personal loan.

Features 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

» MOREHow to get a credit union personal loan

Online lenders

Online lenders deal with all types of credit profiles and most will estimate your rates without a hard inquiry on your credit. It pays to shop around among online lenders because each company uses its own formula for setting your rate. NerdWallet’s comparison tool lets you check rates at multiple online lenders without affecting your credit.

Features of a typical online personal loan:

  • Credit score accepted: bad to excellent
  • APR range: 6% to 36%
  • Loan amounts: $1,000 to $100,000

» MOREPersonal loans for good credit

Compare personal loans

Here are three online lenders to consider as alternatives to Chase. 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

5.99% - 28.99%





Minimum credit score

660





Best for

Debt consolidation



APR

6.95% - 35.89%





Minimum credit score

600





Best for

Good credit borrowers



APR

5.74% - 16.79% (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 Chase loans

Chase offers other types of loans, including:

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