Chase Personal Loan Alternatives July 2026

If you're shopping for a Chase personal loan, here's what you need to know first: Chase doesn't make them. Not the traditional kind, where you get a lump sum and pay it back in fixed monthly installments. Chase sticks to mortgages, auto loans, and credit cards.

You still have good options. One lives inside Chase itself, if you're already a cardholder. The rest are established lenders that make personal loans. Here's how each one works, so you can pick the path that fits.

Does Chase offer personal loans?

Chase doesn't offer a personal loan. Its consumer lending runs to home loans, auto financing, and credit cards, with no unsecured installment loan in the lineup.

The one option Chase does offer is a credit card feature called My Chase Loan.

My Chase Loan: the one Chase option

My Chase Loan is a feature of Chase credit cards. It turns part of your card's available credit into cash, deposited into your bank account. You pay it back over a set number of months at a fixed rate. There's no separate application and no new account to manage.

Because it draws on credit you already have, there's no credit check and no hard inquiry on your credit report. Offers show up when eligible cardholders sign in to chase.com or the Chase Mobile app. Your account has to be open at least 180 days. There’s no guarantee you’ll receive an offer.

You can borrow as little as $500. The most you can borrow isn't published. It depends on your spending, your creditworthiness, and how much credit your card has available.

Chase says the fixed APR is typically lower than your card's standard purchase rate. It doesn't publish a rate range, though, and you won't see your actual APR until you check your offer. Check your offer and  compare against other lenders before you commit.

There's no origination fee and no prepayment penalty. Personal loan origination fees range from 0% to 12% of the loan amount across lenders, so paying none saves you money. Your card's standard late-payment fee still applies if you miss the minimum.

Funds can land in as little as one to two business days. Once the loan is set up, the amount is added to your card balance, and the monthly payment becomes part of your card's minimum payment.

Two more things to weigh. My Chase Loan uses up part of your card's available credit while you pay it back, so you have less room to spend. There's also no co-signer or joint-applicant option, so you can't bring someone on to strengthen the request.

Chase personal loan alternatives, compared

Wells Fargo, U.S. bank, and SoFi are established lenders that publish their rates and hand you the full amount as a lump sum.

Wells Fargo lends from $3,000 to $100,000, with terms from 12 to 84 months and no origination fee. Its APR runs from 6.74% to 26.74%, including a 0.25% discount for automatic payments. Eligibility is limited. You have to have been a Wells Fargo customer for at least 12 months to be eligible, so it's a fit only if you already bank there.

U.S. Bank lends from $1,000 to $50,000 for existing customers, or up to $25,000 if you're not a customer, with no origination fee. Its APR runs from 9.24% to 24.99%. It accepts joint applicants, lends in all 50 states, and lets you check your rate with a soft credit pull first.

SoFi lends from $5,000 to $100,000, with terms from two to seven years. Its APR runs from 6.99% to 35.49% with its autopay, member, and direct-pay discounts. Anyone can apply, and you can add a co-borrower. SoFi charges no origination fee on loans it funds through SoFi Bank. Loans funded through its partner Cross River Bank can carry a fee of up to 9.99%, so check which applies to your offer. SoFi doesn’t let you prequalify first, meaning you must apply directly, which impacts your credit score.

Rates change often. Check each lender's current numbers before you apply.

What Chase offers instead

Chase offers home loans and refinancing, auto financing, and a range of credit cards, including the My Chase Loan feature covered earlier. If your goal is to consolidate credit card debt, a debt consolidation loan from one of the alternatives covered earlier may serve you better than any Chase product. If you need ongoing access to funds rather than a single lump sum, a credit card or line of credit may fit better than a one-time loan.

How to apply for a personal loan

Applying for a personal loan takes about 10 to 15 minutes online, and with most lenders you can start without affecting your credit score.

First, check your rate. Many lenders let you prequalify with a soft inquiry, a review of your credit file that doesn't affect your credit score. You'll see an estimated rate and amount before you commit. Prequalification is an estimate, not a final offer. Final terms depend on full underwriting and may differ from the estimate.

Next, compare your offers on APR, fees, and funding time. Pick one and apply. A full application triggers a hard inquiry, which may lower your score by a few points for a short time.

To apply, you'll typically need a government-issued ID and proof of income and employment, such as pay stubs. Lenders weigh your credit score, credit history, income, and debt-to-income ratio when they make a decision.

Is Chase a legitimate bank?

Chase is a legitimate bank. It's JPMorgan Chase Bank, N.A., federally insured by the FDIC and one of the largest banks in the country.

You can reach Chase personal banking at (800) 935-9935, through the Chase Mobile app, at chase.com, or at any of its thousands of branches.

When an alternative might fit your situation

An alternative fits when you need a larger lump sum, when you need cash fast and already hold a Chase card, or when you want to consolidate debt.

You need a larger lump sum for a home project or a major expense. A traditional personal loan is built for this. Wells Fargo, U.S. Bank, and SoFi all reach $50,000 or $100,000, well past what a card feature covers.

You need a smaller amount fast, and you already hold an eligible Chase card. My Chase Loan may fit, with its $500 minimum, no credit check, and funding in as little as one to two business days. Compare APR to another lender to make sure you’re getting a good deal.

You want to consolidate high-interest credit card debt. SoFi offers a rate discount when you send loan proceeds straight to your existing creditors. Most personal loan lenders offer better rates than what you’re charged for credit card debt.

Bills Action Plan

Step 1: Prequalify with two or three lenders to compare rates. Most let you prequalify with a soft inquiry, which doesn't affect your credit score.

Step 2: If you already hold an eligible Chase card, check whether a My Chase Loan offer shows up when you sign in. Compare its cost against your prequalified offers once you can see the APR.

Step 3: Pick the offer with the lowest APR and fees for the amount and term you need, then complete the application.

Key Terms

APR (annual percentage rate): The yearly cost of borrowing, including the interest rate plus most lender fees. APR is the number to compare when you shop loans, because it captures more than the rate alone.

Origination fee: A one-time fee some lenders charge to process a loan, often 0% to 12% of the amount. When a lender charges one, it comes out of your loan proceeds. On a $10,000 loan with a 5% fee, you'd receive $9,500 but repay the full $10,000.

Soft inquiry vs. hard inquiry: A soft inquiry, usually used for prequalification, doesn't affect your credit score. A hard inquiry, usually used for a full application, may lower it by a few points for a short time.

Prequalification: An early estimate of the rate and amount you may be eligible for, based on a soft credit check. It's not a final offer, and your terms can change after full underwriting.

Unsecured loan: A loan that doesn't require collateral like a car or house. Most personal loans are unsecured, though secured options exist. These are sometimes called signature loans, because your signature is your promise to repay. This article is for general education. Personal loan rates and terms change often and vary by lender and your credit profile. Confirm current details with the lender before you apply.