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Chase Bank 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.

JPMorgan Chase — like most other large U.S. banks — no longer offers unsecured personal loans. However, you still have options from other lenders, including other banks, credit unions and online lenders.

Personal loan alternatives to Chase

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. 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

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: 2.9% to 36%
  • Loan amounts: $500 to $100,000

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

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 Chase loans

Chase offers other types of loans, including:

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