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If you're looking for a personal loan, you might be wondering about Chase personal loans. After all, Chase is an established household name with all kinds of loan programs available. Chase can help you with a fixed-rate mortgage loan, auto loan, business loan, home equity loan, and credit card. Unfortunately, Chase personal loans do not exist.
The good news: There are several great alternatives to Chase personal loans.
Now that you know Chase personal loans are not an option, let's take a closer look at the personal loan landscape. We'll zero in on the bank, credit union, or online lender loans that meet your needs.
If it's the Chase name that led you to Chase personal loans, why not stick with a local bank? Call the bank where you have a checking account or savings account and see whether they offer personal loans. A personal loan from a bank has the advantage of in-person assistance and potential relationship benefits.
You may also like the convenience of managing your loan and other accounts through one online banking system. If you can qualify for a good rate, a bank may be the way to land a personal loan you'll be happy with.
For example, Marcus is an online-only bank, but it offers many of the same services as your neighborhood bank. This includes access to personal loans with a low overall interest rate and customizable monthly payments.
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If you first considered Chase personal loans because you hoped for a low interest rate, a credit union may be the best fit. A credit union will normally require you to join before you are eligible to take out a personal loan.
Credit unions offer some of the most competitive interest rates in the personal loan sector. As you search for alternatives to Chase personal loans, don't be surprised if you find low rates at your local credit union.
Evidence of how serious credit unions are about personal loans can be found at Navy Federal Credit Union, the largest credit union in the country. To qualify, you or someone in your immediate family needs to have served in the military, work in some capacity for the Department of Defense, or be enrolled in the delayed entry program. If you do qualify, you'll be eligible for five types of personal loans when you join Navy Federal.
The idea of Chase personal loans might have appealed to you because Chase is known for its excellent online financial services. If so, you may want to look into an online lender. There's a good chance an online lender can offer a loan with a low interest rate and no origination fee. Plus, you'll often find accessible information about credit score requirements.
Online lenders have some of the fastest response times in the business. If you take out a loan through an online lender, you'll have 24/7 access to your loan information. That makes online lenders an attractive alternative to Chase personal loans.
While they have a strict approval process, borrowers with good credit can snag an amazing loan from online lender LightStream. With loan amounts from $5,000 to $100,000, these loans can finance anything, from home renovation to debt consolidation. Of course, if LightStream does not appear to be a good fit, there are many other excellent alternatives to Chase personal loans.
Get the best rates and terms to fit your needs. Here are a few loans we'd like to highlight, including our award winners.
When it comes to personal loans, there are a lot of strong lenders in the game. This means you can score a great loan even though Chase personal loans are not available.
There are several questions to consider when looking for the best low interest personal loans.
Chase personal loans may not be on the table, but you can still find the right loan for you. Look for a lender (whether it's a bank, credit union, or online lender) you trust. Most importantly, rate shop to find the lowest interest rate possible. Ideally, your loan will not charge an origination fee or other fees to push the cost up. Finally, you'll want a loan term that lets you keep your monthly payments low, without stretching it so much you pay more interest overall.
No, Chase does not provide personal loans.
Chase is not alone -- there are a couple of big banks that do not offer personal loans. It could be that Chase prefers to focus on other avenues such as its home loan, business loan, and credit card products. Or perhaps its higher overhead costs made it hard to compete with online lenders.
In addition to banks and credit unions, there are an array of online lenders that offer low interest rates and attractive terms to borrowers with good credit.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
*Upstart Loan Disclaimer
The full range of available rates varies by state. The average 3-year loan offered across all lenders using the Upstart platform will have an APR of 21.97% and 36 monthly payments of $35 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $12,646 including a $626 origination fee. APR is calculated based on 3-year rates offered in the last 1 month. There is no down payment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application.
Citi Personal Loan disclaimer:
**Rates as of 05-31-2024. Your APR may be as low as 11.49% or as high as 20.49% for the term of your loan. The lowest rate quoted assumes excellent credit and a loan term of 24 or 36 months. Your APR will depend on a variety of factors including your creditworthiness, term of loan, and existing relationship with Citi. For example, if you borrow $10,000 for 36 months at 15.99% APR, to repay your loan you will have to make 36 monthly payments of approximately $351.52.
There is a 0.5% APR discount if you enroll in automatic payments at loan origination. Additionally, existing Citigold and Citi Priority customers will receive a 0.25% discount to the interest rate. If you are in default, your APR may increase by 2.00%. No down payment is required. Rates subject to change without notice.
You must be at least 18 years of age (21 years of age in Puerto Rico). Co-applicants are not permitted. Loan proceeds cannot be used for post-secondary educational or business purposes.
If you apply online, you must agree to receive the loan note and all other account disclosures provided at loan origination in an electronic format and provide your signature electronically.
Credit cards issued by Citibank, N.A. or its affiliates, as well as Checking Plus and Ready Credit accounts, are not eligible for debt consolidation, and Citibank will not issue payoff checks for these accounts. If you are unsure of the issuer on the account, please visit https://www.citi.com/affiliatesproducts for a list of Citi products and affiliates.
Rates quoted are with AutoPay. Your loan terms are not guaranteed and may vary based on loan purpose, length of loan, loan amount, credit history and payment method (AutoPay or Invoice). AutoPay discount is only available when selected prior to loan funding. Rates without AutoPay are 0.50% points higher. To obtain a loan, you must complete an application on LightStream.com which may affect your credit score. You may be required to verify income, identity and other stated application information. Payment example: Monthly payments for a $10,000 loan at 8.49% APR with a term of 5 years would result in 60 monthly payments of $205.12. Some additional conditions and limitations apply. Advertised rates and terms are subject to change without notice. Truist Bank is an Equal Housing Lender. © 2024 Truist Financial Corporation. Truist, LightStream, and the LightStream logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.