Best Banks for Personal Loans in September 2025

Score low rates and fees with an online bank loan

Headshot of Lauren Nicholson
Written by
Lauren Clifford
Updated on: September 05, 2025

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LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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Best bank loan rates

How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
LenderAPR rangeExpert pick for…
SoFi logo8.99% - 35.49% (with discounts)
SoFi Pricing Disclosure

Fixed rates from 8.99% APR to 35.49% APR. APR reflects the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 04/24/25 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibility-criteria/#eligibility-personal. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from any loan proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%-7%, will be deducted from any loan proceeds you receive.

Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.

Direct Deposit Discount: To be eligible to receive an additional (0.25%) interest rate reduction on your Personal Loan (your “Loan”), you must set up Direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid for the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.

Best overall personal loan from a bank
Citibank logo7.99% - 19.49% (with discounts)No fees and possible same-day funding
Discover Personal Loans logo7.99% - 24.99%Excellent customer service and no fees
laurelroad-200×1048.99% - 23.25% (with autopay)Debt consolidation or home improvement
US Bank logo8.74%-24.99% (with autopay)Saving money with a small bank loan
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Why use LendingTree?

$2.8B in funding

In 2024 alone, LendingTree helped find funding for over $2.8 billion in personal loans.

$1,659 in savings

LendingTree users save $1,659 on average just by shopping and comparing rates.

309,000 loans

In 2024, LendingTree helped find funding for over 309,000 personal loans.

Best banks with the lowest rates for personal loans

SoFi: Best overall personal loans from a bank

8.99% - 35.49% (with discounts)

SoFi Pricing Disclosure

Fixed rates from 8.99% APR to 35.49% APR. APR reflects the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 04/24/25 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibility-criteria/#eligibility-personal. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from any loan proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%-7%, will be deducted from any loan proceeds you receive.

Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.

Direct Deposit Discount: To be eligible to receive an additional (0.25%) interest rate reduction on your Personal Loan (your “Loan”), you must set up Direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid for the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.

24 to 84 months

$5,000 - $100,000

680

Pros
  • Great for large loans (most banks limit loans to $50,000 or lower)
  • No required fees
  • Get loans as soon as the same day
  • Excellent customer service (99% approval rating from LendingTree users)
  • Available in all 50 states
Cons
  • Need at least good credit to qualify
  • Not good for small loans (must borrow at least ($5,000)
  • May need to pay an optional fee of 0.00% - 7.00% to get the lowest rates

What to know

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As an online bank, SoFi offers the best of both worlds: you can get the low rates and fees associated with bank loans with the speed and convenience of an online loan. Plus, you could qualify for up to $100,000 — double what most banks and lenders allow — making SoFi loans ideal for consolidating a lot of debt or covering other large expenses.

SoFi loans do come with a few downsides. Like many banks, SoFi requires at least good credit. And SoFi loans start at $5,000, so consider another lender on this list if you need to borrow less money.

How to qualify

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You must meet the requirements below to get a loan from SoFi:

  • Age: Be the age of majority in your state (typically 18)
  • Citizenship: Be a U.S. citizen, an eligible permanent resident or a non-permanent resident (a DACA — Deferred Action for Childhood Arrivals — program recipient or asylum-seeker, for instance)
  • Employment: Have a job or job offer with a start date within 90 days, or have regular income from another source
  • Credit score: 680+
See Personalized Results Read Our Expert Review

Citibank: Best for no fees and possible same-day funding

7.99%-19.49% (with discounts)

12 to 60 months

$2,000 - $30,000

Not specified

Pros
  • No fees
  • Get money as soon as the same business day
  • Competitive rates and a 0.5% autopay discount
Cons
  • Not good for large loans (can only borrow up to $30,000)
  • No info on what you need to qualify

What to know

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Consider Citibank if you’re already a customer and you want a quick loan. Citibank customers can get same-day funding and a 0.25% APR discount. Not a customer? Don’t worry. Citibank loans are available to non-customers, too, and everyone can snag a 0.5% discount just for signing up for automatic payments.

But Citibank doesn’t specify what credit score you need to get a loan. If you need a big loan, look elsewhere — Citibank caps loans at $30,000.

How to qualify

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Citibank doesn’t specify its credit score or borrower requirements, but you can prequalify for a loan on its website. Read more about personal loan requirements and how lenders determine eligibility.

You don’t have to have an account at Citibank to get a personal loan, but current customers get their loans quicker and are eligible for an APR discount. However, if you have a Citi credit card or deposit, you must be an accountholder for at least a year before you qualify for a personal loan.

See Personalized Results Read Our Expert Review

Discover: Best for excellent customer service and no fees

7.99% - 24.99%

36 to 84 months

$2,500 - $40,000

720

Pros
  • Excellent customer service (97% approval rating from LendingTree users)
  • No fees
  • Get money as soon as the next business day
  • Available in all 50 states
Cons
  • No autopay discount
  • Need at least good credit
  • Can only borrow up to $40,000

What to know

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If you want experts to walk you through the personal loan application and repayment process, consider borrowing from Discover. Discover has extended customer service hours, U.S.-based loan specialists and a 97% approval rating from LendingTree users.

But unlike the other lenders on this list, Discover doesn’t offer an autopay discount. You’ll also need a good credit score to qualify for a loan, so take a look at online lenders if your score is fair or below.

How to qualify

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You’ll need to meet these eligibility criteria to get a Discover loan:

  • Age: Be at least 18
  • Citizenship: Have a Social Security number
  • Administrative: Have a physical address, email address and internet access
  • Income: Minimum income of $40,000 (individually or as a household)
  • Credit score: 720+
See Personalized Results Read Our Expert Review

Laurel Road: Best for debt consolidation or home improvement

8.99%-23.25% (with autopay)

36 to 60 months

$5,000 - $45,000

Not specified

Pros
  • Borrow more (up to $45,000) for debt consolidation, home improvement or major purchases
  • Autopay discount
  • Competitive rates
Cons
  • Likely need good credit to qualify
  • Not good for small loans (need to borrow at least $5,000)

What to know

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If you need a home improvement, major purchase or debt consolidation loan, consider Laurel Road. Laurel Road offers up to $45,000, but only if you use the money for these purposes — otherwise, you can only qualify for up to $35,000.

While Laurel Road doesn’t share its exact credit score criteria, it does say that it only accepts “creditworthy borrowers.” Translation? You’ll probably need at least a good credit score to score a loan.

How to qualify

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Laurel Road doesn’t provide much insight into how it evaluates personal loan applications, but you must be at least the age of majority in your state (typically 18 or 19 years old).

While Laurel Road doesn’t specify a minimum credit score, it does state that it’s able to offer low rates because it works with creditworthy borrowers. The lender may assess this creditworthiness by evaluating your debt-to-income ratio, employment, income and credit history.

See Personalized Results Read Our Expert Review

U.S. Bank: Best for saving money with a small loan

8.74%-24.99% (with autopay)

12 to 84 months

$1,000-$50,000

Not specified

Pros
  • Save money on interest with a small, short-term loan
  • Great for small loans (most bank loans start at $2,000+)
  • Autopay discount
Cons
  • Can only borrow up to $25,000 if you’re not already a U.S. Bank customer
  • No info on what you need to qualify

What to know

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U.S. Bank loans are a great option if you want a small, short-term loan to cover a small expense. Other options — like payday loans — can land you in a cycle of debt where you keep borrowing to repay the original loan. If you need more money, you can borrow up to $50,000 if you’re already a U.S. Bank customer.

If you don’t have a U.S. Bank account, you can only borrow up to $25,000. U.S. Bank isn’t clear about what kind of credit you need to get a loan, but you can prequalify and check your rates on its website.

How to qualify

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U.S. Bank considers the following when deciding whether to approve you for a loan:

  • Credit score
  • Credit history
  • Debt-to-income (DTI) ratio

Learn more about personal loan requirements and how lenders like U.S. Bank make approval decisions.

See Personalized Results Read Our Expert Review

When banks compete, you win

You shop around for flights. Why not your loan? LendingTree makes it easy. Fill out one form and get lenders from the country’s largest network to compete for your business.

Tell us what you need.

Take two minutes to tell us who you are and how much money you need. It’s free, simple and secure.

Shop your offers.

Our users get 18 personal loan offers, on average. Compare your offers side by side to get the best deal.

Get your money.

Pick a lender and sign your loan paperwork. You could see money in your account in as soon as 24 hours.

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Should you get a bank loan?

You can get loans from banks, credit unions and even online lenders. But is a bank loan the right move for you? Here’s what you need to know.

ProsCons
Low rates. Bank loans tend to come with lower interest rates, making them more affordable than the average loan.

No (or low) fees. Most banks skip common loan charges like origination fees and prepayment penalties, but you’ll still need to keep an eye out for late fees.

Existing relationship. Getting a loan from your current bank can make your life easier — you can make automatic payments directly from your checking account (and you’ll likely get a discount for it, too).		 Need good credit or better. Banks tend to require high credit scores. If you have a lower score, consider loans for fair credit or bad credit.

May need to be a customer. Some banks only offer loans to current customers or members. See if your bank is one of them.

Could get lower rates with an online lender or credit union. Some online lenders like LightStream offer even lower starting rates for excellent credit.

You may assume that banks are the only reputable lenders, but many of the best personal loans come from online lenders and credit unions that also offer low rates and fees.

Ultimately, you won’t care whether your loan came from a bank with a household name or an online lender you’ve never heard of before — you’ll just care about your monthly payment.

Check your rates with multiple lenders to make sure you’re getting the best deal. You could save up to $3,138 on interest alone when you get six or more offers, and marketplaces like LendingTree make it easy to get multiple offers from trusted banks and lenders.

Lauren Clifford Staff Writer

Lauren Clifford

LendingTree personal loans writer

“I recently shopped around for a personal loan with 15 different loan providers, including several banks. If I had to do it again, I’d apply with loan marketplaces like LendingTree first, then check my rates with any banks that hadn’t made me offers through the marketplaces.”

What LendingTree users are saying

Banks vs. credit unions vs. online lenders

There’s a reason articles like this one exist — all bank loans are not created equal. But speaking in general terms can help you understand the pros and cons of working with a bank, credit union or online lender.

Here’s a quick table to show you the typical strengths and drawbacks of each.

BanksCredit unionsOnline lenders
Send money fast
Low maximum rates
Autopay discounts
Fair or bad credit OK
Skips upfront fees
No membership requirements

= Typically yes
= Sometimes
= Typically no

Calculate your monthly bank loan payments

The lowest bank loan interest rates currently start at around 7.00% – 8.00%, and according to LendingTree data, the average bank loan APR is currently 14.60%.

Use our bank loan calculator to see how different rates and loan terms affect your estimated monthly payment.

Keep in mind you’ll need excellent credit to score the lowest rates — and typically at least good credit — to get a bank loan.

Does your bank offer personal loans?

Not all banks offer personal loans, and some only lend to current customers or require you to become a customer before you borrow. This usually means opening up a checking account.

Banks that offer personal loans to non-customersBanks that only offer loans to customers or membersBanks that don’t offer personal loans
Citibank

Discover

Laurel Road

SoFi

TD Bank

U.S. Bank		 PNC Bank

USAA

Wells Fargo 		Bank of America

Capital One

Chase Bank

Citizens Bank

Santander Bank Santander has temporarily stopped accepting new personal loan applications.

We systematically rated and reviewed top lenders to show you the top bank loans on the market.

TD Bank, PNC Bank, Wells Fargo and USAA didn’t make our final cut, but you can get a personal loan at any of these banks. It’s worth your time to check your rates if you’re already a customer. You can apply online directly on their websites.

Bank of America, Capital One, Chase Bank, Citizens Bank and Santander Bank don’t offer personal loans as of this writing.

Get Your Rates

How we chose the best banks for personal loans

Accessibility

We look for lenders with fewer barriers to approval and award points for lower credit requirements, nationwide access, fast funding and simple applications.

Rates and terms

We prioritize lenders that offer low starting rates, minimal fees, flexible terms and APR discount opportunities.

Repayment experience

We choose lenders with strong reputations, convenient self-service tools, responsive support and borrower-friendly perks.

We reviewed more than 12 banks to determine the overall best bank loans. To make our list, lenders must offer bank loans with competitive annual percentage rates (APRs) to customers and non-customers alike. According to our standardized rating system, the best bank loans come from SoFi, Citibank, Discover, Laurel Road, and U.S. Bank.

Why trust our methodology?

Amanda Push, Deputy editor and certified financial health counselor

Amanda Push

Deputy editor and certified financial health counselor

“LendingTree’s writers and editors diligently vet dozens of lenders to narrow down which ones offer the most affordable rates and a customer-centered experience. We have ongoing conversations with loan companies to ensure accuracy and collect first-person feedback to understand the holistic process of getting and repaying a loan.

Using my financial health counseling certification, I’m here to walk you through the important — and sometimes stressful — process of understanding your personal finances and credit.”

 

Amanda’s experience in editing and financial education helps shape LendingTree articles that are clear, accurate and truly useful to readers. Her certification means our recommendations are built on a foundation of consumer-first financial knowledge — not just numbers.

What sets LendingTree content apart

Expert

Our personal loan writers and editors have 32 years of combined editorial experience and 28 years of combined personal finance experience.

Verified

100% of our content is reviewed by certified personal finance professionals and meets compliance and legal standards.

Trustworthy

We put your interests first. We’ll tell you about any loan drawbacks and be clear about when to consider alternatives.

Frequently asked questions

SoFi offers the best personal loans from a bank. They have all the perks of a bank loan — no required fees, low rates, interest rate discounts, large loan amounts — plus more perks like possible same-day funding.

Banks that offer loans typically allow you to use them for debt consolidation. If you need to consolidate debt, check our list of banks that offer personal loans or use LendingTree to find a debt consolidation loan.

Applying for a bank loan is essentially the same as applying for a loan with any lender. Learn more about how to apply for a loan.
 
Here’s a quick summary: Banks typically allow you to apply or check your rates directly on their websites. They’ll pull your credit to make sure you qualify, and once you’re approved and agree to the rates, you can sign a loan agreement. Then, they’ll send you money — typically through direct deposit.