Does Capital One Do Personal Loans?

# Does Capital One Do Personal Loans?

No — Capital One does not offer personal loans. The company discontinued its personal loan product several years ago and has no current plans to bring it back. Capital One also exited residential mortgages, narrowing its consumer focus to credit cards, checking accounts, and savings products.

If you're a Capital One customer looking for a loan, you'll need to go elsewhere. Here's exactly what Capital One stopped offering and which alternatives are best in 2026.

What Capital One No Longer Offers#

Capital One has exited several lending categories:

What Capital One still offers:

• Credit cards (Venture, Quicksilver, Savor, Platinum, Secured)
• Checking accounts (360 Checking)
• High-yield savings (360 Performance Savings, ~4.25% APY)
• Auto loans
• Business credit cards and banking

Why Doesn't Capital One Offer Personal Loans?#

Capital One's brand is built on credit cards and data-driven underwriting. Personal loans have thin margins and require competing against fintech lenders (SoFi, LightStream, Marcus) that operate with lower overhead.

Capital One's capital is better deployed in higher-margin credit card products, where it has significant competitive advantages. The economics of personal loans simply don't fit the business model.

5 Best Capital One Personal Loan Alternatives (2026)#

1. Marcus by Goldman Sachs#

Best for: Capital One customers who want a bank-backed lender with no fees

• APR: ~6.99%–29.99%
• Loan amounts: $3,500–$40,000
• Terms: 36–72 months
• Min. credit score: ~660
• Standout: No fees — no origination, no late fees, no prepayment penalties. Goldman Sachs backing gives it credibility similar to a traditional bank.

2. SoFi Personal Loans#

Best for: Borrowers with good-to-excellent credit looking for larger loans

• APR: ~8.99%–29.99%
• Loan amounts: $5,000–$100,000
• Terms: 24–84 months
• Min. credit score: ~670
• Standout: Same-day or next-day funding in many cases. Also offers unemployment protection — payments paused if you lose your job.

3. LightStream (Truist Bank)#

Best for: Excellent-credit borrowers who want the lowest possible rate

• APR: ~6.99%–25.99%
• Loan amounts: $5,000–$100,000
• Terms: 24–144 months (depending on purpose)
• Min. credit score: ~720
• Standout: Rate Beat Program — they'll beat a verified competitor rate by 0.10%. No fees, no collateral required.

4. Discover Personal Loans#

Best for: Borrowers who want a recognizable bank and flexibility

• APR: ~7.99%–24.99%
• Loan amounts: $2,500–$40,000
• Terms: 36–84 months
• Min. credit score: ~660
• Standout: 30-day money-back guarantee — if you change your mind within 30 days, return the full amount with no interest charged.

5. Upstart#

Best for: Fair credit borrowers or those with thin credit histories

• APR: ~7.80%–35.99%
• Loan amounts: $1,000–$50,000
• Terms: 36–60 months
• Min. credit score: 580 (uses non-traditional factors)
• Standout: Uses AI to consider education, employment, and income beyond standard credit scores. Better access for younger borrowers.

Comparison: Capital One Alternatives vs. Chase#

Note: Chase also doesn't offer personal loans to new customers. Existing Chase credit card holders can access "My Chase Loan" — a fixed-rate feature that lets them borrow from their card's available credit. Capital One has no equivalent feature.

What About Capital One Credit Cards for Borrowing?#

If you hold a Capital One credit card, you have a few options to access cash:

1. Balance transfer (for existing debt)

Capital One offers promotional 0% APR balance transfers on many of its cards (typically 15–21 months). If you're trying to consolidate existing high-interest debt, this may be cheaper than a personal loan.

2. Cash advance

Capital One credit cards allow cash advances, but at high APR (typically 29.99%+) with no grace period. This is an expensive option — avoid unless it's an emergency.

3. Credit limit increase

If you need to finance a large purchase, requesting a credit limit increase can help. Call Capital One or request online. A higher limit gives you more flexibility without taking on a fixed-rate loan.

FAQ#

Did Capital One used to offer personal loans?

Yes. Capital One offered personal loans for years before discontinuing them. They also offered mortgages, which they later exited.

Does Capital One offer any form of personal borrowing?

Capital One doesn't offer personal loans. You can access a credit card cash advance (expensive) or a balance transfer for debt consolidation. For auto loans, Capital One remains active and competitive.

Is Capital One's 360 Savings a good place to keep money while I look for a loan?

Yes. Capital One 360 Performance Savings offers competitive APY (~4.25% as of 2026), so keeping your funds there while comparing loan options is smart.

Does Capital One auto loan count?

Capital One remains active in auto lending through Capital One Auto Finance. This covers vehicle purchases and refinancing — but not unsecured personal loans.

Which is better for loans, Capital One or Chase?

Neither currently offers personal loans to new customers. Chase has "My Chase Loan" for existing credit cardholders, which Capital One doesn't offer. For new borrowers, both direct you to outside lenders — Marcus, SoFi, and LightStream are the best alternatives for both Capital One and Chase customers.

Bottom Line#

Capital One does not do personal loans. The company exited this market and has no equivalent product for new borrowers. Your best alternatives are Marcus by Goldman Sachs (no fees, bank-backed), SoFi (large loans, fast funding), and LightStream (lowest rates for excellent credit).

For a full comparison of Capital One and Chase — credit cards, checking, savings, and what each bank does and doesn't offer — see our Capital One vs Chase comparison.

Related Comparisons#

• Capital One vs Chase: Full Comparison
• Capital One vs Discover: Cards & Banking
• Chase vs Bank of America: Which Bank Wins?