Best Bank Loans of May 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:
  • 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 origination fee and no prepayment penalty
  • Quick application
  • Autopay discount
• Cons:
  • Late fees

Regions Bank offers unsecured personal loans of up to $50,000 for existing customers. Non-customers can receive up to $35,000 in branch or by phone. The minimum amount is $2,000.

The APR range is from 5.74% to 20.99%. Loan terms are available for 2 or 5 years.

• 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.

• Pros:
  • No origination or prepayment fee
  • Autopay discount
• Cons:
  • Must be a USAA member

USAA Bank provides personal loans that can be used for any purpose.

USAA Bank offers personal loans that range from $2,500 to $100,000, with repayment terms from 12 to 84 months.

• Pros:
  • Short-term options
  • No collateral
• Cons:
  • Origination Fee

Zions Bank provides personal loans that can be used for any purpose.

The APR range is from 7.44% to 24.66%. Loan terms are available for 12 or 36 months.

Your minimum loan amount is $2,500 with the total amount based on your income and ability to repay. A $75 origination fee applies.