Posted by: Adam McCann

There are no Chase personal loans at this time. Despite the fact that Chase is one of the biggest banks in the U.S., they do not offer personal loans. They do participate in other types of lending, however, offering credit cards, mortgages, home equity lines of credit, auto loans and business loans.

Even though you can’t get a Chase personal loan, there are plenty of other lenders to pick from. There are other big banks like American Express, Wells Fargo and Discover. Credit unions are another good option, and there are a whole host of online lenders, like Avant, Marcus by Goldman Sachs, and LendingClub. To identify the best alternatives to Chase personal loans, WalletHub’s editors compared offers from more than a dozen of the top lenders.

Best Chase Personal Loan Alternatives:

• Best Bank: Wells Fargo
• Best Credit Union: Alliant Credit Union
• Best Online Lender: Marcus by Goldman Sachs

Below, you can learn more about all of your top options to replace a Chase personal loan in your financial arsenal, including other finalists in each category.

Chase Personal Loan Alternative #1: Banks

Banks usually offer relatively low interest rates on personal loans, ranging between 6% and 25%. In addition, banks give you the chance to apply in person with a credit specialist, if you’d like. The drawback of getting a personal loan from a bank is that they typically require higher minimum credit scores than other lenders, usually 660+.

Lender	Wells Fargo	American Express	Discover
APR	6.99% - 23.99%	6.90% - 19.98%	6.99% - 24.99%
Loan amounts	$3,000 - $100,000	$3,500 - $40,000	$2,500 - $35,000
Loan lengths	12 - 60 months	12, 24, 36, or 48 months	36, 48, 60, 72 or 84 months
Credit score required	660* (but has secured personal loans for bad credit)	660	660*

*According to multiple third-party sources

Capital One is not the only major bank with no personal loan offers, but there are still plenty of banks that do have them. You can easily compare personal loans on WalletHub.

Chase Personal Loan Alternative #2: Credit Unions

Credit unions tend to have the lowest interest rates of all lenders. Federal credit unions have to cap their interest rates at 18% for most loans and for credit cards, while state credit unions have caps set by the state. In addition, credit unions also allow you to apply in person.

The only trouble with credit unions is that they usually only accept certain people – those who live, work or go to school in a certain area or are members of affiliated companies or organizations. However, credit unions like Alliant, Connexus and NASA FCU provide ways for anyone to join.

Lender	Alliant Credit Union	Connexus Credit Union	NASA Federal Credit Union
APR	6.74% - 10.74%	6.99% - 18.00%	13.15% - 18.00%
Loan amounts	$1,000 - $50,000	$2,500 - $20,000	$1,000 - $30,000
Loan lengths	12, 24, 48 or 60 months	24, 36, 48, 60, 72 or 84 months	Up to 84 months

Chase Personal Loan Alternative #3: Online Lenders

You can probably expect some of the quickest response and funding times with online lenders. However, they tend to advertise a wide range of interest rates. A personal loan from an online lender could have an APR of anywhere from 6% to 36%.

Lender	Avant	Marcus by Goldman Sachs	LightStream
APR	9.95% - 35.99%	5.99% to 28.99%	3.99% - 16.99%
Loan amounts	$2,000 - $35,000	$3,500 - $40,000	$5,000 - $100,000
Loan lengths	24 - 60 months	36 - 72 months	24 - 144 months
Credit score required	600	680-700*	660*

*According to multiple third-party sources Methodology

When selecting some of the best alternatives to Capital One personal loans, WalletHub compared personal loan offers from more than two dozen of the largest banks, credit unions and online lenders. We did so based on a combination of metrics in seven major categories. Metrics with higher importance, such as APRs, received higher weights than others.

• Requirements: WalletHub looked at the credit score and income required for approval, along with citizenship and identification requirements (e.g. whether ITIN is accepted in place of SSN).
• APR: Our editors examined minimum and maximum APRs as well as whether they are fixed or variable.
• Fees: We checked origination fees, prepayment penalties, late fees and other costs associated with taking out a loan.
• Loan amounts: WalletHub found out the minimum and maximum loan amounts offered, along with the range of months available for payoff.
• Application process: We researched at application options (e.g. online, in person, with a co-signer), whether the lender offers pre-qualification, how long it takes to get approved, and how long it takes to receive funds.
• Customer satisfaction: Better Business Bureau rating, Consumer Financial Protection Bureau complaints, and WalletHub user reviews.
• Transparency: How clear the lenders are about both loan requirements and loan terms.

from Wallet HubWallet Hub


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