What banks do Personal Loans?

• Credit score of 640+
• An active checking account 
• US residence

Pros

• Apply once to get access to multiple lenders
• Quick funding within 1 -2 business days
• No additional fees

Cons

• Not many lenders to choose from
• Not always available for bad credit
• Sometimes lenders may charge fees to borrow

at least 18 years of age (19 in Alabama or Nebraska)

a U.S. citizen, resident alien or non-resident alien

Pros

• Automatic savings program available
• Debit card shopping rewards
• Access to physical branches
• Mobile apps available
• Online applications
• Low rates

Cons

• Up to 0.06% APY on savings account; better rates available elsewhere. 

• Low rates on certificates of deposit. 

• $35 overdraft fee can be charged up to four times daily.

• Minimum credit score of 580
• A valid bank account
• A regular source of income
• US residence
• Age over 18

Pros

• A variety of lenders. 
• Minimal restrictions on how you can use your loan.
• No collateral or guarantor.
• Easy online process.

Cons

• It's not a direct lender, so you'll need to clarify rates and terms with the company you are matched with. 
• Limited choice of lenders.

• Your credit report should be free of any recent bankruptcies, foreclosures, repossessions, mortgage delinquencies, negative public records, charge offs or other credit issues. The minimal credit score is typically 680.
• The LTV (Loan-to-value ratio) should be less than 80%.
• Debt-to-income ratio may be acceptable up to 50%.
• Other required documents may include paystubs, W2s, all pages of your tax return, investment and retirement income, and any other source of income.

Pros

• With more than 5,100 branches and 16,000 ATMs, Chase’s physical footprint is huge.
• The bank’s website and mobile app are consistently rated highly by users.
• While it has monthly service fees on most accounts, avoiding fees are relatively easy -- especially with a direct deposit into its Chase Total Checking.
• While some banks are condensing and consolidating, Chase has been expanding and adding branches.
• Chase has been known to reward new customers with bonuses if they come bank at Chase.

Cons

• Like at most big banks, rates on savings and CDs are very low.
• High out-of-network ATM fees, with no real ways to sidestep them.
• It might seem like Chase is everywhere, but it only has branches in 26 states.