Chase Bank Personal Loan Alternatives
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JP Morgan Chase Bank doesn’t offer personal loans, which may be disappointing if you’re already a customer and want to keep your financial products with one institution. But if you need to borrow money, you have other options.
Here are five Chase Bank personal loan alternatives to consider and what to know about applying for a personal loan:
5 Chase Bank personal loan alternatives
Even if you have Chase credit cards, a Chase mortgage, and Chase bank accounts in good standing, you can’t get a personal loan through Chase. Fortunately, you have many personal loan lenders to choose from.
Online personal loan lenders
Online personal loans function the same way as a traditional personal loan. The lender will give you a lump-sum loan that you pay back over time, usually with a fixed interest rate and fixed monthly payments. While adjustable-rate personal loans do exist, they’re less common.
Getting a personal loan online as opposed to at a brick-and-mortar lender can have multiple advantages. With online loans the application process is significantly faster and can get you a payment very quickly if you’re approved.
Online lending platforms also allow you to compare multiple rates, fees, payment amounts, and loan terms in one place to pick the best option for you. Online lenders have a lot of competition, and they don’t have the overhead of maintaining physical branches, so you may be able to get a lower annual percentage rate, or APR. The interest rate you receive will be based on your credit score, debt-to-income ratio, and income history.
| Lender | Fixed rates | Loan amounts |
|---|---|---|
 Credible Rating
 Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. |
9.95% – 35.99% APR | $2,000 to $35,000** |
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 Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. |
7.79% – 14.99% APR | $10,000 to $50,000 |
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 Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. |
7.99% – 35.99% APR | $5,000 to $50,000 |
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 Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. |
5.99% – 24.99% APR | $2,500 to $35,000 |
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 Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. |
7.99% – 29.99% APR | $7,500 to $50,000 |
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 Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. |
5.99% – 24.99% APR | $5,000 to $40,000 |
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 Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. |
7.04% – 35.89% APR | $1,000 to $40,000 |
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 Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. |
7.99% – 35.99% APR | $2,000 to $36,500 |
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 Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. |
3.99% – 19.99% APR | $5,000 to $100,000 |
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 Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. |
6.99% – 24.99% APR1 | $3,500 to $40,0002 |
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 Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. |
18.0% – 35.99% APR | $1,500 to $20,000 |
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 Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. |
7.74% – 17.99% APR | $600 to $50,000 (depending on loan term) |
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 Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. |
6.99% – 35.99% APR | $2,000 to $50,000 |
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 Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. |
5.99% – 35.99% APR | $3,500 to $40,000 |
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 Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. |
7.99% – 23.43% APR10 | $5,000 to $100,000 |
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 Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. |
11.69% – 35.93% APR7 | $1,000 to $20,000 |
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 Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
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6.95% – 35.97% APR | $1,000 to $50,000 |
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 Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. |
5.4% – 35.99% APR4 | $1,000 to $50,0005 |
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| Compare rates from these lenders without affecting your credit score. 100% free!Compare Now | ||
| All APRs reflect autopay and loyalty discounts where available | LightStream disclosure | 10SoFi Disclosures | Read more about Rates and Terms | ||
Traditional banks
Chase Bank is a traditional bank that doesn’t offer personal loans, but many others do. Getting a personal loan through the bank where you already do most of your banking may give you a loan payout faster and can make it easier to manage your loan payments. And if you already have a relationship with a certain bank, it could net you a discount on your interest rate.
Call your bank and ask if it offers any promotional rate options for a personal loan. This could save you hundreds of dollars in interest over the life of your loan. Some traditional banks may offer promotional rates to new customers when they sign up for a checking and savings account at the same time as a personal loan. Depending on your credit score, you may need to have collateral to qualify for a loan through a traditional bank.
Credit unions
Credit unions are not-for-profit institutions and as a result frequently charge lower interest rates than big banks and online lenders. If you’re looking for a personal touch with your loan, you’ll also likely be talking to the same people throughout the life of your loan with better customer service.
You’ll need to either be an existing member of the credit union or become one to qualify for a personal loan.
Requirements to join credit unions vary but are usually based on your profession, where you live, or affiliations with an organization like a church. You may be able to join a credit union based on your spouse or parent’s affiliation. For example, some credit unions for veterans will allow you to join if a parent or grandparent served in the military.
Learn More: 6 Credit Unions Offering Personal Loans
Peer-to-peer lenders
If you’re having trouble getting a personal loan from other lenders, a peer-to-peer lender may be a good option for you.
Peer-to-peer lenders offer loans directly from an individual or group instead of applying for a loan with a financial institution acting as the middleman. Peer-to-peer lenders tend to have less strict lending requirements, allowing people with lower credit scores to qualify for loans. Borrowers with bad credit can expect to pay higher interest rates than those with good credit scores and steady incomes.
To get started with a peer-to-peer lender, you’ll visit their website and enter some basic information. Each lender’s process varies a little, but in general you can expect to create an account and set up a financial profile. Based on the information you enter and your credit score, individual lenders will see your profile and decide whether or not to lend to you. Once you’re lent the money, the payout and the payments you make on the loan are handled and tracked through the website itself.
Both LendingClub and Prosper are peer-to-peer lending sites that we partner with to help you get the best rates possible. Learn more about each lender below:
| Lender | Fixed rates | Loan amounts | Min. credit score | Loan terms (years) |
|---|---|---|---|---|
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Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. |
7.04% – 35.89% APR | $1,000 to $40,000 | 600 | 3, 5 |
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Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. |
6.99% – 35.99% APR | $2,000 to $50,000 | 640 | 2, 3, 4, 5 |
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| Compare rates from these lenders without affecting your credit score. 100% free!Compare Now | ||||
| All APRs reflect autopay and loyalty discounts where available | LightStream disclosure | 10SoFi Disclosures | Read more about Rates and Terms | ||||
Secured loan lenders
Unlike home equity loans and auto loans, which are secured using your home’s equity or your car as collateral, most personal loans are unsecured. These loans can be harder to get if you have bad credit, since you aren’t providing an asset to the lender to back the loan.
If you can’t get approved for an unsecured personal loan, adding a cosigner with good credit to your application can help you get approved. Keep in mind that if you miss payments you’ll be damaging their credit as well as yours, so make sure both you and your cosigner understand the risks.
If you can’t get a cosigner, a secured loan can help you build credit. With a secured loan you’d put down some form of collateral, and if you can’t keep up with payments you’d lose your collateral.
Credible partners with multiple lenders offering a wide variety of loans, some of which accept cosigners.
How to apply for a personal loan
Applying for a personal loan is easy with a few simple steps:
- Get prequalified. Use Credible’s prequalification tool above to get loan offers from multiple lenders so you know you’re getting the lowest rates. Don’t worry, using our tool won’t affect your credit score. Choose a lender based on customer reviews, and what company has the lowest interest rate, fees, and loan term that works best for you.
- Decide how much you need to borrow. Use our personal loan calculator to see what your payments will be, and make sure you have room in your budget for your loan payments.
- Apply through the lender’s website. You’ll need to provide basic information, such as your Social Security number, monthly income, and monthly rent or housing payment.
- Provide any documents your lender needs. Requirements vary by lender, but you’ll generally need to provide documentation to prove your employment and income, like tax returns, bank statements, pay stubs, or proof of address. You’ll also need to provide proof of your identity, such as a driver’s license or passport.
- Sign for the loan and receive funds. If you’re approved for a loan, you’ll sign a loan agreement. Then the lender will send your loan funds, typically by direct deposit to your bank account. You can typically manage your payments directly on the lender’s website, which makes keeping track of your monthly loan payments a breeze.
When choosing a lender, it’s important to compare multiple lenders to make sure you’re getting the best rate for your situation. Make sure that you’re comparison shopping with soft inquiries so your credit score doesn’t get dinged. Credible’s personal loan tool allows you to get personalized rates in two minutes from dozens of lenders, without affecting your credit score.
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