In a Nutshell
Although JPMorgan Chase Bank doesn’t currently offer personal loans, other lenders offer personal loans that may be good alternatives for you. We’ve rounded up a few lenders with a national reach that you might want to consider.Chase doesn’t currently offer personal loans. So if you’re an existing Chase customer hoping to get a Chase personal loan or simply want to explore Chase as a lender, you’ll need to look at other options. We’ve rounded up a few alternative lenders to consider if you’re in the market for a personal loan.
Wells Fargo: Large loan amounts
Why you may want to consider Wells Fargo: Wells Fargo is a national bank that offers unsecured personal loans in amounts up $100,000. That’s a big enough sum to cover major expenses like a home improvement project.
- Prequalification — You can prequalify for a loan on Wells Fargo’s website. This can make it easier to shop around and compare it with other options without hurting your credit scores. Just remember that prequalification is not a guarantee of an offer or terms — once you prequalify you’ll have to apply and submit to a hard credit inquiry before getting a final offer.
- Minimal fees — There’s no origination fee for a Wells Fargo personal loan. Plus you can pay your loan off early without getting charged a prepayment penalty.
- A wait for funding — Some lenders offer same-day funding. But Wells Fargo takes one to three business days to distribute loan funds.
- Flexible repayment terms — You can choose from repayment terms between 12 to 84 months. Just remember that a longer term typically means paying more interest over the life of the loan.
- Rate discounts for existing customers — If you already bank with Wells Fargo, you may qualify for “relationship discount” up to .25%.
Read more reviews of Wells Fargo personal loans.
U.S. Bank: Multiple loan options
Why you may want to consider U.S. Bank: U.S. Bank, another bank with a national presence like Chase offers a variety of loans. Its lineup of loan products includes personal loans, home improvement loans, simple loans for fast cash, and personal lines of credit.
- Competitive interest rates — Interest rates on U.S. Bank’s personal loans are lower than rates you may find elsewhere. Plus you can get a 0.5% interest rate discount if you sign up for autopay with a U.S. Bank account.
- No prepayment penalties — If you have plans to pay off a personal loan early, you’ll be glad to know that U.S. Bank doesn’t charge prepayment penalties. You can repay what you owe months or years in advance and save money on interest.
- Credit score requirement — U.S. Bank caters to customers with good credit. If your credit score is under 660, you might have trouble qualifying for one of its loans.
Check out more reviews of U.S. Bank personal loans to learn more.
SoFi: Member perks
Why you may want to consider SoFi: SoFi offers some unique member perks you can enjoy if you take out one of its loans. These include access to events like happy hours and dinners with other members.
- Flexible terms — Repayment terms for SoFi personal loans range from two to seven years. A longer term might mean lower monthly payments, though you’ll likely pay more interest.
- Change your due date — Once your SoFi personal loan has been funded and your first payment has been processed, SoFi will let you change the date your monthly payment is due once a year. All you have to do is log into your account and choose a date that works best for you.
Read more reviews of SoFi personal loans.
How we picked these alternatives
To help choose alternatives to a Chase personal loan, we reviewed comparable lenders based on factors such as interest rates and fees, eligibility requirements and loan amounts.
If you’re considering a personal loan and these picks don’t work for your financial situation, you may want to consider personal loans for fair credit, personal loans for bad credit or interest free credit cards.
Not sure how much you can afford to borrow? Try our personal loan calculator to help estimate your monthly loan payments.
*Approval Odds are not a guarantee of approval. Credit Karma determines Approval Odds by comparing your credit profile to other Credit Karma members who were approved for the personal loan, or whether you meet certain criteria determined by the lender. Of course, there’s no such thing as a sure thing, but knowing your Approval Odds may help you narrow down your choices. For example, you may not be approved because you don’t meet the lender’s “ability to pay standard” after they verify your income and employment; or, you already have the maximum number of accounts with that specific lender.