Alternatives to Chase Personal Loans

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.

Personal loan alternatives to Chase

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.

Banks

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.

RELATED: Need a savings account? Check out The Ascent's guide to the best savings accounts.

Credit unions

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.

Online lenders

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.

What personal loan is right for you?

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.

• How much do you want to borrow? And how much can you afford to pay back each month? Some lenders specialize in smaller loans while others can offer loans of as much as $100,000. If you want lower loan payments and need more time to pay the money back, you might opt for a lender with a short term loan.
• What type of a borrower are you? Lenders offer better rates to borrowers who present a lower risk. As such, if you have a good credit score, you're more likely to qualify for the best deals. If your credit is less than stellar, you might want to work to boost your credit score before applying.
• What type of loan are you looking for? An unsecured loan is the most common, but you can also get a secured loan that requires you to put down some collateral (like a bank account or your car). But be careful: If you fail to make your payments, the lender can take possession of the collateral.
• What will you use the loan for? The best debt consolidation loans will be very different from the best medical loans. Make sure you pick a loan that does what you need it to.

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.