Discover 5 Banks That Do Personal Loans in the United States

When it comes to finding financial flexibility, banks that do personal loans can be a smart solution for covering unexpected expenses, consolidating debt, or funding a major life event.

In the United States, several reputable banks offer personal loans with competitive rates, flexible terms, and quick approval processes.

Whether you’re building credit, planning a wedding, or just need extra cash flow, this guide explores some of the top options available today.

Top Banks That Do Personal Loans in the U.S. 💳

Wells Fargo

Wells Fargo is one of the most recognized banks that do personal loans, offering fixed-rate loans with no origination fees or prepayment penalties.

Borrowers can access amounts from $3,000 to $100,000, with repayment periods available from 12 to 84 months.

📍 Key features:

• APRs typically range from 7.49% to 23.74% (with autopay discount).
• Fast funding—sometimes the same day for existing customers.
• Optional relationship discount for existing clients.

Wells Fargo is a great choice for those who already have a checking account or mortgage with the bank, as loyalty can lead to better terms.

Citibank

Citibank is another major name among banks that do personal loans, but it’s more exclusive in its eligibility. Loans are typically available to existing Citibank customers with strong credit profiles.

📍 Loan highlights:

• Borrow up to $30,000 online (more if you apply in-branch).
• No origination or application fees.
• APRs start at 8.99% and vary based on creditworthiness.

Citibank caters to prime borrowers and is ideal for those who prioritize customer service and want predictable fixed monthly payments.

PNC Bank

PNC Bank stands out as one of the more versatile banks that do personal loans, offering both secured and unsecured loan options. This flexibility allows borrowers to qualify with varying credit profiles.

📍 Benefits of PNC personal loans:

• Loan amounts range from $1,000 to $35,000.
• Term options from 6 to 60 months.
• No prepayment penalties.

PNC’s secured loan options are helpful for borrowers who may not have stellar credit but are willing to offer collateral for better rates.

U.S. Bank

U.S. Bank is known for its rapid approval process and strong digital lending platform, making it one of the most efficient banks that do personal loans.

📍 Loan perks:

• Borrow from $1,000 to $50,000.
• Terms up to 84 months.
• APRs as low as 7.49% with autopay.

U.S. Bank is ideal for borrowers seeking fast access to funds, especially if they already hold a deposit account with the bank.

TD Bank

TD Bank serves primarily the East Coast and is one of the banks that do personal loans with highly competitive APRs and no origination fees.

📍 Loan details:

• Loan amounts from $2,000 to $50,000.
• Fixed interest rates starting from 7.99%.
• Same-day approval possible for qualified applicants.

TD Bank’s wide range of terms and straightforward application process make it a solid choice for personal borrowing.

What to Look for When Choosing Banks That Do Personal Loans 🤔

Before applying, it’s important to evaluate the following factors:

• Interest Rates: Lower APRs reduce the total cost of your loan.
• Fees: Look for lenders that charge no origination, prepayment, or late fees.
• Loan Terms: More flexible repayment schedules help you manage monthly budgeting.
• Credit Requirements: Know your credit score and choose a lender that aligns with your profile.
• Speed of Funding: Some banks offer same-day or next-day funding, essential in emergencies.

The best banks that do personal loans 🤩

Finding the right banks that do personal loans can unlock financial freedom for various life needs, from medical emergencies to home renovations.

Remember to review your credit report, understand your financial goals, and use prequalification tools when available.

By doing your research, you can confidently choose the personal loan that supports your financial journey.

Frequently Asked Questions ❓

1. What credit score do I need to get a personal loan from a bank?

• Most banks require a credit score of at least 660 for unsecured loans. Some may offer secured loan options for borrowers with lower scores.

2. Are there banks that offer personal loans without fees?

• Yes. Many banks like Wells Fargo, TD Bank, and Citibank do not charge origination or application fees.

3. Is it better to get a personal loan from a bank or an online lender?

• Banks often offer more personalized service and may have better rates for existing customers. Online lenders may be more accessible to those with lower credit scores.