Top 10 Banks for Personal Loans in 2025

Personal loans can be handy for everything from consolidating debt to covering moving expenses. With online lenders grabbing headlines, many people overlook traditional banks.

But a bank can be an excellent place to get a personal loan, especially if you have good credit or an account with the bank. In this guide, we highlight the best banks for personal loans, what they’re best (or good) for, and how they stack up against credit unions and online lenders.

Table of Contents

1. Banks for personal loans
   1. LightStream by Truist
   2. PNC
   3. Wells Fargo
   4. TD Bank
   5. M&T Bank
   6. Regions Bank
   7. Axos Bank
   8. U.S. Bank
   9. Huntington Bank
   10. Citibank
2. Banks vs. credit unions vs. online lenders
   1. Credit unions
   2. Online lenders
3. Pros and cons of bank loans
4. How to get the best personal loan

Banks for personal loans

Below are our top bank picks for personal loans, along with their standout features. We’ve noted what each bank is best or good for, based on their strengths. All of these lenders offer unsecured personal loans—no collateral needed.

LightStream by Truist

Best for Excellent Credit

4.8 _/5

View Rates

---

What to know

• Low rates for strong credit: LightStream (a division of Truist) offers some of the lowest rates for well-qualified borrowers, starting around 7.49% with autopay. It also charges no fees (no origination, late, or prepayment fees).
• High loan amounts and fast funding: You can borrow $5,000 to $100,000, with repayment terms from two to seven years. LightStream can fund loans the same day you’re approved, and even lets you choose a future funding date if needed.

LightStream requires good to excellent credit (typically 660+ score), and there’s no prequalification: You must submit a full application to see your rate.

Rates (APR)	7.49% – 25.49%
Loan amounts	$5,000 – $100,000
Repayment terms	2 – 12 years

PNC

Good for No Fees

4.6 _/5

View Rates

---

What to know

• No origination fee and autopay discount: PNC personal loans come with zero origination fees. If you’re a PNC checking customer and set up automatic payments, you can get a 0.25% rate discount. This can make its already competitive rates even better.
• Small loans and co-borrowers allowed: PNC lends as little as $1,000 (up to $35,000), making it a solid option if you only need a small loan. It also allows joint applications, so adding a creditworthy co-borrower could help you qualify or snag a lower rate. 

PNC personal loans aren’t available everywhere: They’re offered in about 30 states (mostly where PNC has branches).

Rates (APR)	7.99% – 20.49%
Loan amounts	$1,000 – $35,000

Wells Fargo

Best for Existing Customers

4.5 _/5

View Rates

---

What to know

• Loyalty perks: Wells Fargo reserves its personal loans for existing customers, so you’ll need a Wells Fargo bank account open for at least 12 months to apply. The upside is you can borrow up to $100,000 if you qualify, and you’ll get a 0.25% interest rate reduction for having automatic payments from a Wells Fargo account. There are no origination fees, and rates are competitive, especially with the relationship discount .
• Quick approval and funding: Many Wells Fargo borrowers get same-day approval decisions and funding often within three business days. If you prefer in-person help, you can apply for and close your loan at a branch. 

If you’re not already a Wells Fargo client, you’ll need to become one (and wait a year) before you can get its personal loan.

Rates (APR)	7.49% – 24.49%
Loan amounts	$3,000 – $100,000

TD Bank

Best for Transparent Terms

4.5 _/5

View Rates

---

What to know

• Upfront and borrower-friendly: TD Bank earns praise for its transparency: You can check whether you prequalify with a soft credit pull, allowing you to see potential rates without committing or hurting your credit. TD clearly discloses loan terms and restrictions upfront, so there are fewer surprises. Loan funds can be available as soon as the next business day after approval, which is on par with many online lenders.
• Regional availability: TD Bank’s personal loans are only available to residents of 15 East Coast states (and Washington, D.C.). If you live in one of those states (from Maine down to Florida, plus D.C.), you could borrow $2,000 to $50,000 on terms of one to five years.

You can’t use TD personal loans for business or education expenses.

Rates (APR)	6.99% – 18.99%
Loan amounts	$2,000 – $50,000

M&T Bank

Best for Flexible Repayment

4.5 _/5

View Rates

---

What to know

• Long or short terms: M&T Bank stands out by offering repayment terms up to seven years (84 months) for loans over $15,000, which is longer than many competitors and can make monthly payments more affordable. If you prefer to pay it off faster, terms as short as 12 months are available. This flexibility lets you prioritize a lower monthly payment or less interest overall.
• Northeast only: The major drawback is that M&T personal loans are only available in certain Northeast and Mid-Atlantic states (approximately 12 states, including New York, New Jersey, Pennsylvania, Connecticut, and Maryland). Loan amounts range from $2,000 to $50,000.

M&T doesn’t offer a soft prequalification: You’ll need to apply to see your rate, but it publishes typical rate ranges by credit score on the site for guidance.

Rates (APR)	7.49% – 12.49%
Loan amounts	$2,000 – $50,000

Regions Bank

Good for Fair-Credit Borrowers

4.6 _/5

View Rates

---

What to know

• Wide rate range accommodates more borrowers: Regions Bank has higher maximum APRs (up to 29.99%) than many banks, which isn’t great if you have excellent credit, but it means they may approve borrowers with fair or lower credit scores that other banks might turn away. If your credit isn’t perfect, Regions could be a viable option, though you’ll pay a higher rate for it.
• Only in the South and Midwest: Regions operates in a limited footprint, offering personal loans in 15 states, concentrated in the Southeast and parts of the Midwest. Loan sizes range from $2,000 to $35,000, with term lengths of three to five years common.

You can get a small rate discount (0.25% off) for autopay from a Regions checking account, and you must have been a Regions customer for at least six months to apply.

Rates (APR)	7.49% – 12.49%
Loan amounts	$2,000 – $35,000

Axos Bank

Good for Online-Only Convenience

4.4 _/5

View Rates

---

What to know

• Fully digital experience: Axos is an online bank with no branches, so the entire loan process, from checking your rate to signing documents, is done through its website or app. Decisions and funding are fast (often within two business days), making it almost as quick as other online lenders.
• Moderate rates, but watch for fees: Axos loans $5,000 to $50,000 on terms of three to six years. Unlike most banks on this list, Axos does charge an origination fee (up to 2% of the loan amount). There’s also a late fee, so make sure you factor in those costs.

Axos is best for someone who prioritizes a quick, entirely online process and can qualify for a decent rate.

Rates (APR)	Not disclosed
Loan amounts	$5,000 – $35,000

U.S. Bank

Fast Funding to Account Holders

4.4 _/5

View Rates

---

What to know

• Instant funding for customers: U.S. Bank offers a perk to its banking customers: If you’re approved for a personal loan and have a U.S. Bank checking account, you can get the funds deposited within hours (often the same day). This speed rivals many online lenders. Even non-customers can apply, but funding to external banks takes a few days.
• Rate perks and broad options: Existing customers can borrow up to $50,000 over one to seven years. (Non-customers are capped at $25,000 and five-year terms.) U.S. Bank also offers a sizable autopay discount of 0.50% off your rate for setting up automatic payments.

One catch: availability is limited U.S. Bank personal loans are not offered in about half of U.S. states (mostly not available in the Northeast and some Southern states), so make sure your state is eligible.

Rates (APR)	6.49% – 17.99%
Loan amounts	$1,000 – $50,000

Huntington Bank

Good for Large Secured Loans

3.9 _/5

View Rates

---

What to know

• Offers secured and unsecured loans: Huntington, a regional bank in the Midwest, not only provides unsecured personal loans up to $50,000, but also allows secured personal loans up to $500,000 if you have sufficient collateral. This is far above most banks’ limits and can be useful for borrowers looking to leverage assets for a lower rate or a larger loan amount. Huntington even lets you choose your first payment date up to 60 days out, adding some flexibility in how you start repayment.
• Limited reach and no soft checks: Huntington Bank loans are only available in 11 states in the Midwest and West (such as Ohio, Illinois, Kentucky, Michigan, Minnesota, and Pennsylvania). Unlike many competitors, Huntington doesn’t offer prequalification: Applying will trigger a hard credit inquiry.

If your credit isn’t great, Huntington might still consider you (the website mentions working with less-than-perfect credit), but you might only qualify for the high end of the rate range.

Rates (APR)	8.51% – 25.00
Loan amounts	Up to $50,000 ($500,000 with secured loan)

Citibank

Good for Citi Account Holders

3.7 _/5

View Rates

---

What to know

• Smooth process for Citi customers: Citibank extends personal loans primarily to its banking customers. If you have a Citi checking account or credit card and a solid credit history, you could get a loan with no origination fee and a rate discount of 0.25% for being a Citigold or Citi Priority customer. Citi’s loan application is fully online, and current customers may even receive same-day funding once approved.
• Lower loan caps: Citi’s maximum loan amount is on the lower side: typically $30,000 per borrower. (By comparison, many other banks offer $50k or more.) So if you need a very large personal loan, Citi might not be enough. Also note that if you’re a brand-new Citi client, you might not qualify right away: Citi generally requires you to have been a customer for at least 12 months to be eligible for a personal loan.

Citibank’s loans are available nationwide, but you’ll need strong credit and income to get approved.

Rates (APR)	8.51% – 25.00
Loan amounts	Up to $30,000

Banks vs. credit unions vs. online lenders

When weighing a bank personal loan against other options, consider the differences in experience and requirements.:

Feature	Bank loans	Credit unions	Online lenders
Rates and fees	Medium-high; loyalty discounts	Lowest rates; few fees	Varies widely by credit
Eligibility	Strict; good credit needed	Lenient; membership required	Most flexible; all scores
Application	Online or branch	Online or branch	100% online
Funding speed	1 – 3 days; some same-day	Slower; a few days+	Fastest; same or next day
Availability	Regional or nationwide	Mostly local/regional	Nationwide
Support	In-person and online	In-person and phone	Online or phone only
Best for	Strong credit; bank customers	Low rates; members	Fast funds; flexible credit

Credit unions

Credit unions are not-for-profit institutions that often offer lower rates and fees than banks because they return profits to members. They may also be more willing to work with borrowers who have average or poor credit (more lenient underwriting).

However, you usually must become a member to apply, which can mean meeting eligibility criteria (like living in a certain area or working for a certain employer) and opening a savings account. Credit unions tend to be local or regional, so availability is limited to their community or member base. Funding speed and online technology at credit unions can be a bit slower or less slick than big banks or online lenders, but you’ll often get personalized, in-person service at a branch.

Online lenders

Fintech and online-only lenders operate nationwide and generally have the most flexible credit requirements. Many online lenders cater to a range of credit scores and can sometimes fund loans as fast as the same day because their processes are highly automated.

Applications are 100% online (no branch visits). On the flip side, rates vary: Borrowers with excellent credit can qualify for low rates, but those with lower credit might see higher rates than banks or credit unions would offer. Also, customer support is typically online or over the phone only (no physical locations), and you won’t get “relationship” perks like you might with a bank.

Many of our team’s choices for the best personal loans are online lenders, including the three below:

So which should you choose? There’s no one-size-fits-all answer. The right lender depends on your priorities and profile. If you have excellent credit and an existing bank relationship, a bank loan could net you a low rate with loyalty discounts and in-person service.

If you prize low fees and rates above all and don’t mind a bit of extra legwork, see whether a local credit union can offer a deal. If speed and ease are paramount or your credit is a bit shaky, an online lender might be the best bet. It can pay to prequalify with a few lenders (banks, credit unions, and online) to compare offers before making a decision.

Begin with the loan amount you need, make sure you meet eligibility requirements, and then find the most favorable interest rate and associated terms.
After you’ve done this, narrow your list down to at least three options: calling and researching their customer service, reviewing the website, and talking with a representative. I also recommend reviewing the lenders’ reviews, such as Trustpilot, and confirming they’re Better Business Bureau-accredited.

Pros and cons of bank personal loans

To summarize, here are the main advantages and drawbacks of choosing a bank for your personal loan:

Pros

• Loyalty discounts

  Many banks offer interest rate reductions for existing customers or if you set up autopay from a bank account. These can shave 0.25% to 0.50% off your rate.

• Face-to-face support

  You have the option to apply in person at a branch and speak with a loan officer. Even after closing, you can walk into a branch for help.

• Trust and stability

  Established banks have long track records. You might feel more secure borrowing from a familiar institution that also handles your checking or savings.

Cons

• Tighter credit criteria

  Banks generally have stricter credit score and income requirements. They prefer borrowers with good credit; if your credit is on the lower end, approval can be tougher (or you might get a smaller loan or higher rate).

• Existing account requirements

  Some banks (like Wells Fargo and Citibank) only lend to people who already have an account and banking history with them. This could mean needing to open an account and wait, or simply being ineligible if you don’t want to switch banks.

• Higher rates than credit unions

  Because banks are for-profit, their interest rates and fees might be less competitive than what a credit union could offer an equivalent borrower. Always compare offers: The convenience of your bank might cost you a bit more in interest.

How to get the best personal loan

No matter which route you choose, do your homework before applying. Check your credit score and debt-to-income ratio; all lenders will consider those. If possible, prequalify with a few lenders (this uses a soft credit check) to see estimated rates and terms you might qualify for.

Many banks, online lenders, and credit unions offer prequalification online. This can help you compare options without hurting your credit.

If you’re leaning toward a bank loan, ensure you meet any eligibility rules (like having an account open for six or 12 months). Gather documents, such as your ID, pay stubs, W-2s, and proof of address; banks will require these during the application.

Once you apply, approval can be nearly instant or take a few days, depending on the bank and your situation. Upon approval, review the loan agreement, accept the terms, and provide your funding details. Most banks will then deposit the funds directly into your bank account, ready to use for whatever you need.

Recap of best banks offering personal loans