Chase does not offer personal loans, despite being one of the biggest banks in the U.S. They do participate in other types of financing, however, offering credit cards, mortgages, home equity lines of credit, auto loans and business loans.
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||5.99% - 19.99%||6.98% - 19.98%||5.99% - 24.99%|
|Loan amounts||$3,000 - $100,000||$3,500 - $40,000||$2,500 - $35,000|
|Loan lengths||12 - 84 months||12, 24 or 36 months||36, 48, 60, 72 or 84 months|
|Credit score required||660* (but has secured personal loans for bad credit)||660||660*|
Chase 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||6.24% - 10.24%||7.99% - 18.00%||11.80% - 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%||6.99% - 24.99%||5.99% - 22.49%|
|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*|
Other Ways to Borrow From Chase
In order to find the best alternatives to Chase personal loans, WalletHub used 17 key metrics grouped into three overall sections: Terms, Requirements & Application, and Reviews & Transparency. We rated each section on a scale of 0 to 5, with 5 being the best, and then averaged the scores of the three sections to produce an overall rating for the loan.
- The “Terms” section includes information about how expensive the loan is, including rates and fees. It also takes into consideration how much consumers can borrow and how quickly they must pay it back.For companies where APR and fee ranges differ greatly by state, we used data from the most populous state serviced by the company.
- The “Requirements & Application” section examines how easy it is to apply for a loan and how long it takes to receive the money. It also looks at exactly who is eligible to apply.
- The “Reviews & Transparency” section measures the loan provider’s reputation as well as how clearly the lender discloses its terms and requirements. This takes into account user reviews and information from watchdog organizations.
The average of these three scores reflects how close a loan offer is to WalletHub’s definition of a 5-star loan. For more information, please read WalletHub’s full methodology.