Grace Enfield, Content Writer
@grace_enfield
The smallest loan a bank will give is $100. For example, current Bank of America customers with a qualifying checking account can borrow as little as $100, for a flat $5 fee, with the bank’s Balance Assist™ program, then repay the loan in equal installments over 90 days.
Most bank loans start at $1,000 - $3,500. The best small bank loans are from U.S. Bank because it offers minimum loan amounts of $1,000 with APRs of 6.99% - 19.49% and repayment periods of 12 - 84 months . Applicants need a credit score of at least 660 to qualify.
Smallest Personal Loans from Banks
| Bank | Minimum Loan Amount | APRs | Repayment Periods |
| $1,000 | 6.99% - 19.49% | 12 - 84 months | |
| $1,000 | 5.99% - 32.24% | 12 - 60 months | |
| $2,000 | 6.99% - 18.99% | 12 - 60 months | |
| $2,000 | 7.99% - 23.99% | 12, 24, 36, 48 or 60 months | |
| $2,500 | 5.99% - 24.99% | 36, 48, 60, 72 or 84 months | |
| $2,500 | 7.24% - 17.65% | 12, 24, 36, or 48, 60, 84 months | |
| $3,000 | 5.99% - 19.99% | 12 - 84 months | |
| $3,500 | 6.98% - 19.98% | 12, 24 or 36 months |
For more information, check out WalletHub’s complete picks for the best banks for personal loans. Then, you can estimate your potential rates with our free pre-qualification tool.
2023 Best Small Personal Loans Offer
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