Best Bank Personal Loans – 10 Top Banks Still in the Business
Nowadays, most banks offer personal loans with fixed interest rates and payments. But how do you find the best bank personal loans? These personal loans can be used as financial tools to consolidate credit cards, pay for a vacation, or cover emergency expenses. When used responsibly, personal loans can improve your credit rating and help you get out of debt. With so bank personal loan options available, it’s recommended to check rates from multiple providers.
Here are the best rated banks where you can apply for a personal loan:
The personal loans from Citizens Bank appeal to those with a strong credit history. There are no prepayment penalties or application fees. Customers can apply for a loan of up to $50,000. The funds are deposited directly into their bank accounts. If you have a low income, you can add a co-applicant to your loan.
Wells Fargo & Co
Wells Fargo provides loans of up to $100,000 in as little as 15 minutes. Customers are not required to pay any upfront fees. Interest rates vary between six percent and eight percent depending on your credit score.
SunTrust Banks, Inc.
SunTrust Banks owns LightStream, an online service that enables customers to borrow $5,000 to $100,000. These personal loans appeal to those with a minimum credit rating of 670. With LightStream, you can receive the money on the same day you apply for a loan. This is one of the best bank personal loans and worth checking out.
U.S. Bank customers can borrow up to $25,000. The rates are fixed, so you will know exactly how much you have to pay each month. Clients can apply for a personal loan online, or at a local branch.
First National Bank
Whether you want to redecorate your home, plan a weekend getaway, or pay your bills, you can apply for a loan at First National Bank. The company offers flexible repayment options and credit terms as well as fixed interest rates. All you have to do is to fill out a short form on its website.
KeyBank offers secured and unsecured personal loans that give you quick access to money when you need it the most. Customers can borrow $5,000 to $15,000, with fixed monthly payments. Most loans require no collateral and can be easily obtained online.
Citibank offers personal loans with fixed monthly payments. Customers can borrow up to $50,000 to make home improvements, buy something they need, or cover daily expenses. If you wish to apply for a loan up to $30,000, you can do it online. For larger amounts, contact Citibank by phone.
Santander Bank operates in the U.S., the UK, and Europe. It has over 675 branches worldwide, offering auto loans, personal loans, and savings secured loans. Clients who are interested in a personal loan can request up to $35,000 in one lump sum. The monthly rates are fixed. If you set up automatic payments from your bank account, you will earn a rate discount. The personal loans offered by Santander Bank don’t require collateral.
Columbia Bank makes it easy to borrow money for your dream holiday, wedding ceremony, and other personal needs. Customers can apply for personal secured and unsecured loans of at least $5,000. Depending on their ability to pay the loan, they may opt for fixed or variable rates.
Fifth Third Bank
The personal loans from Fifth Third Bank are ideal for those looking to consolidate debt or pay their bills. Borrowers can use their savings or investments as collateral on secured loans, or apply for an unsecured loan. The lending process is quick and hassle-free, which allows you to receive money in a timely manner. This is also one of the best bank personal loans.
What Alternatives Do I Have For Personal Loans Online?
One great alternative to going to individual banks and doing all the research yourself, is to use a lending network. To get started with a lending network that can connect you to personal loans visit PersonalLoans.com. The entire process can be done online with an easy personal loan application.