Chase is the go-to bank for a lot of borrowers for many reasons, so it’s only natural people want to take out a personal loan from them. However, as great as Chase is, they don’t currently offer personal loans, regardless of what your credit score is.
Fortunately, there are some great lenders out there that do offer personal loans for bad credit borrowers. Plus, most of them offer unsecured loans, so you won’t have to put your car or house on the line just to get a simple personal loan. Even if you need an amount as high as $35,000, your house and your car aren’t in any danger.
You won’t be able to get a personal loan through Chase, but below you will find the best alternatives for people with bad credit.
$500 - $5,000
3 to 60 months
Features and Benefits
- No obligation or fee to check loan approval
- High approval rate despite credit history
- Funds available as soon as next business day
- Assisting people with bad credit since 1998
Get Matched with a Lender
Once you fill out the secure form online, each broker listed above matches you with lenders that are willing to work with you. The amount of your loan and interest rate will depend on several factors like which lender your matched with and the state you live in. Some other factors include your credit score, age, and income.
Receiving Funding in 1 to 5 Business Days
Some online lenders don’t even need a full day, but you’re guaranteed to have the funds in your bank account in one to five days. Keep in mind that monthly payments will automatically be withdrawn from the same account afterward throughout the entire term of your loan.
Compare Interest Rates and Repayment Terms
Some lenders insist on receiving payments every two weeks, while others only require payments once a month. Interest rates and fees will also vary depending on the lender you’re matched up with. All information is provided to you before you agree to the loan, so be sure to read through the loan terms and conditions of the agreement before you accept any funds.
Find a Lender Besides Chase
It can be difficult to get a personal loan with poor credit, however, with the loan brokers listed above, you have some good options to choose from. If you’re able to get a personal loan with a lower interest rate than what your credit cards are currently at, it might be a good idea to use it for debt consolidation. Paying off credit card debt with higher interest rates can save you a lot of money in the long run and help you go from bad credit to good credit faster.