# Does Chase Bank Offer Personal Loans?
No — Chase does not offer traditional personal loans to new or existing customers through a standalone loan product. Chase discontinued personal loans and has no current plans to re-enter that market.
However, if you're already a Chase credit card customer, there's a workaround worth knowing: My Chase Loan lets eligible cardholders borrow against their available credit at a fixed APR, without a separate credit application.
My Chase Loan: The Alternative for Existing Cardholders#
My Chase Loan is a feature built into eligible Chase credit cards. Here's how it works:
| Detail | My Chase Loan |
|---|---|
| Who qualifies | Existing Chase cardholders (account open 180+ days) |
| How it works | Borrow from your card's available credit at a fixed APR |
| APR | Fixed, typically lower than your card's purchase APR |
| Repayment | Fixed monthly payments over 12–60 months |
| Minimum amount | $500 |
| Maximum amount | Up to your available credit limit |
| Credit check | No hard pull — uses your existing card profile |
| Fees | No origination fee |
Key difference from a personal loan: My Chase Loan reduces your card's available credit while the loan is outstanding. If your card has a $10,000 limit and you take a $3,000 loan, you'll have $7,000 available for purchases until you pay it back.
How to Check If You're Eligible#
- Log in to your Chase account at Chase.com or the Chase app
- Navigate to your credit card account
- Look for "My Chase Loan" in the account menu or the "Pay and transfer" section
- If eligible, you'll see available loan amounts and estimated APR
- Choose your amount and repayment term — no separate application needed
Not all Chase credit cards offer My Chase Loan. Eligibility typically requires your account to be at least 180 days old with a consistent payment history.
Why Doesn't Chase Offer Personal Loans?#
Chase exited the personal loan market because the economics didn't work for their business model. Major reasons:
- Low margin: Personal loans are highly competitive; fintech lenders (SoFi, Marcus, LightStream) price-compete aggressively
- Preferred products: Chase earns more from credit card interest, mortgages, and home equity lines
- Risk concentration: Chase already has significant unsecured consumer credit exposure through credit cards
This leaves a gap for the millions of people who want a simple fixed-rate loan without credit card revolving debt.
5 Best Chase Personal Loan Alternatives (2026)#
If you need a personal loan and Chase doesn't fit:
1. SoFi Personal Loans#
- APR: ~8.99%–29.99%
- Loan amounts: $5,000–$100,000
- Best for: Good-to-excellent credit (670+), debt consolidation, large expenses
- Standout: No origination fees, same-day funding possible
2. Marcus by Goldman Sachs#
- APR: ~6.99%–29.99%
- Loan amounts: $3,500–$40,000
- Best for: Good credit, people who want a bank-backed lender
- Standout: No fees of any kind (no late fees, no origination, no prepayment)
3. LightStream (Truist subsidiary)#
- APR: ~6.99%–25.99%
- Loan amounts: $5,000–$100,000
- Best for: Excellent credit (720+), large loans for home improvement or autos
- Standout: Rate Beat Program — they'll beat a competitor's rate by 0.10%
4. Discover Personal Loans#
- APR: ~7.99%–24.99%
- Loan amounts: $2,500–$40,000
- Best for: Good credit, people who want a recognizable bank
- Standout: No origination fees, 30-day money-back guarantee
5. Upstart#
- APR: ~7.80%–35.99%
- Loan amounts: $1,000–$50,000
- Best for: Fair credit (580+), borrowers with limited credit history
- Standout: Uses AI/education/income data beyond just FICO score
Chase vs Alternatives: Personal Loan Comparison#
| Lender | Min APR | Max Loan | Min Credit Score | Fees |
|---|---|---|---|---|
| Chase | N/A — no product | N/A | N/A | N/A |
| SoFi | 8.99% | $100,000 | 670 | None |
| Marcus | 6.99% | $40,000 | 660 | None |
| LightStream | 6.99% | $100,000 | 720 | None |
| Discover | 7.99% | $40,000 | 660 | None |
| Upstart | 7.80% | $50,000 | 580 | Orig. fee |
When My Chase Loan Makes Sense#
Use My Chase Loan (if you're eligible) when:
- You're an existing Chase cardholder with available credit
- You want a fixed-rate payment without opening a new account
- The APR Chase offers beats your card's purchase rate
- You need $500–$5,000 quickly with minimal application friction
Use a standalone personal loan instead when:
- You need more than your credit limit allows
- You want to preserve your credit card available credit
- You'd qualify for a lower rate elsewhere (compare first)
- You're not an existing Chase cardholder
FAQ#
Does Chase offer personal loans for bad credit?
No. Chase has no personal loan product for any credit tier. If you have poor credit, look into credit unions, Upstart, or secured loans.
Can I get a personal loan from Chase if I have a Chase checking account?
No. Even long-standing Chase bank customers cannot access a Chase personal loan — the product doesn't exist. Only credit cardholders can access My Chase Loan.
Does Chase offer home equity loans?
Yes. Chase offers home equity lines of credit (HELOCs) to homeowners — a separate product from personal loans.
Will Chase bring back personal loans?
There's no announcement indicating Chase plans to re-enter the personal loan market. The gap has largely been filled by fintech lenders.
Does Capital One offer personal loans?
No — Capital One also discontinued personal loans. See our Capital One vs Chase comparison for alternatives that apply to both.
Bottom Line#
Chase does not offer personal loans. If you're a Chase credit card customer with a 180-day-old account, check My Chase Loan for a convenient fixed-rate option using your existing credit. Otherwise, Marcus, SoFi, LightStream, and Discover are the best alternatives for borrowers with good credit.
For a full breakdown of Chase vs Capital One — credit cards, checking accounts, savings rates, and which bank serves you better — see our Capital One vs Chase comparison.
Related Comparisons#
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