Best Bank Loans of July 2024

• Pros:
  • Quick, easy online application
  • Fast funding
• Cons:
  • Origination fee

LendingClub offers loans of $1,000 to $40,000.

The APR range is from 8.30% to 36.00%. Loan terms are available for 3 or 5 years.

LendingClub charges an origination fee of 3% to 6% on personal loans.

• Pros:
  • Fast application and approval
• Cons:
  • Origination fee
  • High APR

Merrick Bank offers personal loans from $2,500 to $12,500. There is also a 5% origination fee.

Receive your funds as soon as the next business day after approval.

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• Pros:
  • Predictable monthly payments
  • Quick access to your funds
  • Simple application process
  • Autopay discount
• Cons:
  • No option to pre-qualify
  • Must be an existing Citibank customer
  • No-cosigners

Citibank provides personal loans up to $30,000 with rates from 6.99% to 23.99%. Unlike other personal lenders, Citibank does not charge origination fees.

If you’re not a current Citibank customer, you won’t be eligible for a Citibank personal loan.

• Pros:
  • Simple application process
  • Autopay discount
• Cons:
  • No option to pre-qualify

If you’re a U.S. Bank customer, you may borrow at least $1,000 up to $50,000. Not a U.S. Bank customer? You may be able to borrow up to $25,000.

The APR range is from 7.74% to 20.24%. Loan terms are available for 12 or 84 months.

• Pros:
  • No origination fee
  • No prepayment fee
  • Autopay discount
• Cons:
  • No option to pre-qualify

Wells Fargo offers personal loans from $3,000 to $100,000.

The APR range is from 5.74% to 20.99%. Loan terms are available for 12 or 84 months.

• Pros:
  • No fees
  • Fast approval and funding
  • Rate discount for autopay
• Cons:
  • Only available in 15 U.S. states
  • Credit score of 780 or higher

The Annual Percentage Rate of Keybank personal loans ranges between 5.99% to 15.32%.

The APR may vary based on the state of residence. The APR charged by KeyBank across Key's footprint (OH, IN, MI, PA, NY, MA, CT, VT, ME, CO, ID, UT, WA, OR, AK) includes a 0.25% discount for electing to have the monthly payment automatically deducted from a KeyBank checking or savings account.

The loan amount ranges from $5,000 to $50,000.

• Pros:
  • No fees
  • Fast approval and funding
  • Rate discount for autopay
• Cons:
  • Only available in 15 U.S. states
  • Credit score of 780 or higher
  • Collateral Needed

The Annual Percentage Rate of Keybank personal loans ranges between 4.99% to 15.32%.

The APR may vary based on the state of residence. The APR charged by KeyBank across Key's footprint (OH, IN, MI, PA, NY, MA, CT, VT, ME, CO, ID, UT, WA, OR, AK) includes a 0.25% discount for electing to have the monthly payment automatically deducted from a KeyBank checking or savings account.

The loan amount ranges from $5,000 to $50,000.

• Pros:
  • No fees
  • Autopay discount
• Cons:
  • Requires excellent credit for lowest rates

BMO Harris Bank offers personal loans from $1,500 to $35,000. You can borrow money for a term ranging from 12 to 72 months.

Your APR may be as low as 7.99% and as high as 16.49%. Rate includes a 0.50% rate discount for Auto Pay.

• Pros:
  • Autopay discount
  • No origination fee or prepayment penalty
• Cons:
  • No co-signers permitted

Fifth Third Bank offers fast and convenient personal loans.

The Bank offers loans from $2,000 to $50,000.

The APR range is from 6.49% to 18.49%. Loan terms are available for 12 or 60 months.

The Bank charges a late fee, but only if you do not pay after the 10-day grace period. The actual fee is not disclosed.

• Pros:
  • Autopay discount
  • No origination fee or prepayment penalty
• Cons:
  • No co-signers permitted

Fifth Third Bank offers fast and convenient secured personal loan.

The Bank offers loans from $2,000 to $500,000.

The APR range is from 5.14% to 8.64%. Loan terms are available for 12 or 60 months.

The Bank charges a late fee, but only if you do not pay after the 10-day grace period. The actual fee is not disclosed.