Chase Bank Personal Loan Alternatives

Chase Bank Personal Loan Alternatives

After doing some research we found that Chase Bank does not offer personal loans. 

We are specifically speaking of personal loans that are unsecured, meaning there is no collateral required to secure the personal loan. 

Chase does offer other excellent financial product selections. But, just not unsecured personal loans. 

3 Online Personal Loan Alternatives

There are some great personal loan alternatives to bank personal loans. We have listed 3 alternative online lenders below. Online personal loans are fast and easy. You just fill out one simple form and you can compare the best rates from multiple lenders in their network. 

  • APR:4.99% - 35.99%
  • Term: 24 to 72 Months
  • Min FICO: 600
Credible Personal Loans
  • APR: 4.99% - 35.99%
  • Term: 24 to 84 Months
  • Min FICO: 600
Lending Club
  • APR: 6.95% - 35.89%
  • Term: 36 to 60 Months
  • Min FICO: 600

Bank Personal Loan Alternatives

There are some banks out there that still offer bank personal loans. We prefer and recommend the online personal loans because the process is simple and quicker. But, we still wanted to at least show a couple banks that still offer personal loans as alternatives. 

Citibank personal loans can be obtained if you are a customer of the bank. This means opening a checking or savings with them if you do not already have an account. It is relatively easy to open a new checking account.

Once you do this you can speak to someone about a personal loan up to $50K through the bank. 

BB&T Bank does have unsecured personal loans for members of the bank. Setup an account and you will be able to look into their personal loan options.

 

Other Chase Bank Loan Alternatives

Chase Bank also has other loan alternatives to personal loans. 

Chase Bank Home Loans can be applied for by going into the bank and talking to a loan officer. They offer financing on new purchases on homes as well as home equity loans. Another popular option is an equity line of credit. 

If you own a home and don’t mind using it as collateral, one of these options might be a good alternative to taking out a personal loan. 

The one advantage to taking out an online personal loan is that it is unsecured. This just means that you are given the loan without having to put up your house or car as collateral for getting the loan.

Chase Auto Loans can be an option if you are buying a new or used car. You can usually find a lower rate since the bank has the car as collateral until the loan is paid in full. 

Chase Credit Cards can be an option for small amounts. If you have good to excellent credit you can usually find good deals on 0% APR credit cards through Chase. 

Normally credit cards are considered revolving credit. A personal loan has a fixed payment and end date so you know that the loan will be paid off. Using credit cards to carry large balances is not really a good option. 

Applying through a lending network or peer-to-peer lender can be a better choice. This is a way to get a lower rate fixed payment loan. It will also have a fixed end date as to when the entire balance is paid off. 

This is the best way to stay out of debt. in the long run. 

 

 

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