Chase Bank Personal Loans for Bad Credit Alternatives

Chase Bank Personal Loans for Bad Credit Alternatives

Chase Bank is one of the largest and most respected financial institutions. They offer credit cards, mortgages, business loans, and more. The one thing you can’t get is a Chase personal loan. We’ll take a look at some of Chase’s offering and also at online lenders that offer a variety of loans, including those for people with bad credit.

Chase Credit Scores

If you are looking for a loan, Chase generally requires credit scores above 620. Chase credit cards vary more widely and there are options for people with bad or no credit. Check out some of our other blogs on credit cards for poor credit.

Chase Auto Loans

Chase car loans offer fairly competitive rates for people with scores above 650. You can borrow amounts from $7,500 to $100,000 for up to 72 months. Chase does charge a prepayment penalty so don’t take this option if you plan to pay of your vehicle early.

Chase Student Loans

All Chase student loans have been sold to Navient. Chase no longer offers student loans.

Chase Business Loans

Chase offers a variety of business loans including lines of credit, business loans, commercial real estate and small business solutions. You do have to apply for a business loan in person, so there are not a lot of details available online.

Chase Home Loans

Chase mortgages include purchase, refinance, jumbo, fixed, adjustable, and FHA, VA, and USDA loans. They do charge an origination fee but say it is lower than their competitors.

Chase Banks Near Me

If you are looking for Chase Bank location near me, follow this link.

Chase Pre-Qualify

Chase allows you to prequalify for all products online. Most involve a soft pull on your credit so your credit rating won’t take a temporary hit.

Chase Loans at a Glance

Mortgage

  • Rates
    • Fixed  10, 15, 20, 25 or 30 years
    • Adjustable  5, 7 or 10 years
  • Interest rates typically
    • 3.25% – 4.00%
  • Minimum credit
    • 620
  • Minimum down payment
    • 3%
  • Origination fee “lower than competitors”
  • Other
    • proof of US citizenship or permanent resident
    • 18+ years
    • documents to verify employment, assets and income

Business

  • Types of loans
    • Line of credit
    • Business loans
    • Commercial real estate
    • SBA solutions
  • Terms
    • 1-7 years
  • Interest rates
    • vary
  • Other
    • Rates and applicable fees not available online

Auto loans

  • Amounts
    • $7,500 – $100,000
  • Terms
    • up to 72 months
  • Interest rates
    • 4.33% – 24.99%
  • Credit scores
    • 650 – 850
  • Other
    • May charge late fees and prepayment fees
    • Must have Driver’s license
    • Proof of citizenship or residence permit
    • Recent pay stubs

Short-term Loans

Most people end up getting short-term loans to cover unexpected expenses. If you also have a low credit score, you may have trouble getting a short-term loan from a bank. Many people end up at payday loans, an exceptionally bad idea. Instead, check out some of these more reputable lenders. The first table represent lenders who work with people with bad or no credit. Some of these companies offer very high APR. Be aware of what you are agreeing to, before you sign!

  • Comments
    • no credit or bad credit
    • alternative to payday loans
  • Amounts
    • vary by state
  • Credit score
    • no credit or bad credit
  • Funds
    • available as soon as next day
  • Interest Rates
    • vary by state
  • Terms
    • terms vary by state
    • up to 36 months

Bad Credit Loan Alternatives

OppLoans

  • Comments
    • borrowers with subprime credit
    • alternative to payday loans
  • Amounts
    • $1000-$4000
  • Credit score
    • no credit or bad credit
  • Funds available
    • Same day approval
  • Interest Rate
    • 99% -199%
  • Terms
    • Up to 36 months

MoneyMutual

  • Comments
    • free portal to connect users with short term lending companies
  • Amounts
    • up to $2,500
  • Credit score
    • 300+
  • Funds available
    • few as 24 hours
  • Interest Rate
    • Varies
  • Terms
    • varies
  • Limitations
    • Not available in NY
    • Must be currently employed or have a regular income over $800/month
    • Must be US resident over 18 with a checking account

PersonalLoans.com

  • Comments
    • free portal to connect users with short term lending companies
  • Amounts
    • $500 to $35,000
  • Credit score
    • 300+
  • Funds available
    • as soon as 1 business day
  • Interest Rate
    • 5.99% – 35.99%
  • Terms
    • 3 to 72 Months
  • Limitations
    • Available in all 50 states

Credit Scores over 550

If you have slightly higher credit scores, the following online lenders may be able to help you. Please note that NetCredit may charge interest rates of 155%. This mean that you will pay back $1.55 on every dollar you borrow.

Monevo Personal Loans

  • Comments
    • free portal to connect users with short term lending companies
  • Amounts
    • $1000 – $100,000
  • Credit score
    • 550
  • Funds available
    • varies
  • Interest Rate
    • 3.99% -35.99%
  • Terms
    • 0.25 – 12 years
  • Other
    • Legal resident
    • 18+

Even Financial Personal Loans

  • Comments
    • free portal to connect users with short term lending companies
  • Amounts
    • $1000 – $100,000
  • Credit score
    • 550
  • Funds available
    • varies
  • Interest Rate
    • 3.84% to 35.99%
  • Terms
    • American citizen or permanent resident
    • 21+

NetCredit Personal Loan

  • Comments
  • Amounts
    • $1000 – $10,000
  • Credit score
    • 550
  • Funds available
    • Next business day
  • Interest Rate
    • 34% to 155% (Varies by state)
  • Terms
    • 6 – 60 months
  • Other
    • Only available in Alabama, California, Delaware, Georgia, Idaho, Illinois, Missouri, New Mexico, North Dakota, South Carolina, South Dakota, Utah, Virginia, and Wisconsin

Avant

  • Comments
    • average-to-good credit
  • Amounts
    • $2,000 –  $35,000
  • Credit score
    • 580+
  • Funds available
    • usually on the next business day
  • Interest Rate
    • 9.95% – 35.99%
  • Terms
    • 24 – 60 months
  • Other
    • Gross annual income of $20,000
    • Administrative fee, late fee and unsuccessful payment fees

LendingPoint

  • Comments
    • considers more than credit score
  • Amounts
    • $2000 – $25,000
  • Credit score
    • 600+
  • Funds available
    • as soon as the next day
  • Interest Rate
    • 15.49% – 35.99%
  • Terms
    • 24 to 48 months
  • Other
    • Considers job history and debt to income ratio
    • Origination and late fees
    • Available in 42 states and DC

Good to Excellent Credit

If you good to excellent credit, there are even more online lenders. Sofi offer additional benefits such as career counseling and wealth management. Lightstream funds can be used for everything from adopting a child to buying a car.

Upgrade Personal Loans

  • Comments
    • considers free cash flow
  • Credit Score   
    • 620
  • Amount
    • $1000 –  $50,000
  • Funds Available
    • 24 hours
  • Terms   
    • 36 and 60-month
  • Interest rate   
    • 7.99% to 35.89% (fixed)
  • Other
    • Must have $800 left after paying all monthly bills
    • Not available in Colorado, Connecticut, Iowa, Maryland, Vermont or West Virginia
    • Origination fee

LendingClub

  • Comments
    • simple online application
    • first peer-to-peer (p2p) lenders
  • Credit Score   
    • 640
  • Amount
    • $1000 to $40000
  • Funds Available
    • up to seven days
  • Terms   
    • 3 – 5 years
  • Interest rate   
    • 6.95% to 35.89%
  • Other
    • not available in Iowa or West Virginia
    • Any legitimate expense except school expenses
    • 18+ US citizen/ permanent resident with bank account and a steady source of income

Best Egg Personal Loans

  • Comments
    • Must have strong credit history
  • Credit Score   
    • 640
  • Amount
    • $2,000 –  $35,000
  • Funds Available
    • One business day
  • Terms  
    • 3-5 years
  • Interest rate   
    • 5.99% to 29.99%
  • Other
    • Many fees
    • Average borrower has income of $80,000

Prosper

  • Comments
    • borrowers with good credit
    • p2p lenders
  • Credit Score   
    • 640+
  • Amount
    • $2000 – $40000
  • Funds Available
  • Terms   
    • 3 to 5 years
  • Interest rate   
    • 6.95% to 35.99%
  • Other
    • Not  available  in Iowa, North Dakota or West Virginia  
    • Fees
    • any legitimate expense
    • 18+ US citizen or permanent resident with three accounts on credit report

LightStream

  • Comments
    • well-qualified customers
  • Credit Score   
    • 660+
  • Amount
    • $5,000 – $100,000
  • Funds Available
    • as soon as the same day
  • Terms   
    • 24 to 144 months
  • Interest rate   
    • 3.34% – 16.99%
  • Other
    • Practically everything
    • no origination fees

SoFi

  • Comments
    • established professionals
  • Credit Score   
    • 680
  • Amount
    • $5,000 – $100,000
  • Funds Available
    • 7 days
  • Terms   
    • 2 – 7 years
  • Interest rate   
    • .49% – 15.49% (fixed)
    • 6.74% – 13.04% (variable)
  • Other
    • Benefits including career advice
    • Ages 18+ US citizen or permanent resident
    • Minimum annual income $45,000

Credible Personal Loans

  • Comments
    • Good to excellent credit
    • Compares multiple lenders
  • Credit Score   
    • 680+
  • Amount
    • $1000 –  $100,000
  • Funds Available
    • One business day
  • Terms  
    • 2-7 years
  • Interest rate   
    • 5.34% – 35.99%
  • Other
    • 18+
    • US citizen or permanent resident

Our Take

If you need a short term loan, there are options out there for people from no credit to excellent credit. As with all loans, make sure to read and understand what you are signing. Look for the best interest rates and terms, make certain there are no prepayment penalties if you plan on paying it back early and know your fees!