Capital One Personal Loan Alternatives

Personal loans can serve a multitude of purposes. They can make your dream vacation a reality, help with a large purchase, or help pay off other bills or credit card debt.

They’re unsecured loans, which means unlike an auto loan or mortgage, they don’t have any collateral attached to them, so you can’t lose your property if you can’t pay back the loan.

Unfortunately, Capital One doesn’t offer personal loans. However, the lenders below can be good options if you need an alternative.

On this page:

• Alternatives to Capital One Personal Loans
• Other Options for Finding Personal Loans
• What Loans Does Capital One Offer?

Alternatives to Capital One Personal Loans

Even though you won’t be able to get a new personal loan from Capital One, there are some excellent options out there for you to choose from.

You can check out our Best Personal Loans page to see our top choices (including options for consumers with good credit, fair credit, and bad credit) or compare the alternatives below.

Lender	Rates (APR)	Amounts	Terms
LightStream	3.49% – 19.99%* with AutoPay	$5,000 – $100,000	24 – 144 months**
Upgrade	7.99% – 35.97%	$1,000 – $35,000	36 or 60 months
Upstart	8.27% – 35.99%1	$1,000 – $50,0002	36 or 60 months

LightStream

LightStream offers personal loans for borrowers with good credit scores, allowing them to offer competitive rates and great benefits. The application process can be done online and you can receive your funds as soon as the same day.

• Credit score category: Excellent, good
• Soft credit pull to check rates: Not available
• Deposit time: As soon as the same day
• Origination fee: 0%
• Late fee: None
• Discounts: 0.50% interest rate reduction for enrolling in autopay
• Repayment terms: 24 – 144 months^**

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Upgrade

Upgrade is an online lender that offers competitive personal loans to borrowers with bad or fair credit. They offer great benefits such as personalized loan recommendations and free credit health tools to all its customers. If you need a smaller loan, Upgrade is a great option.

• Credit score category: Fair, bad
• Soft credit pull to check rates: Yes
• Deposit time: As soon as the next day
• Origination fee: 2.9% – 8%
• Late fee: $10
• Repayment terms: 36 or 60 months

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Upstart

Upstart is an online lending platform that partners with banks to provide personal loans that can be used for almost anything. Upstart’s lending model considers education, employment, and many other variables when determining eligibility.³ This model leads to 27% more approvals and 16% lower rates than traditional models.⁴

• Credit score category: Fair, bad
• Soft credit pull to check rates: Yes
• Deposit time: As fast as one business day
• Origination fee: 0% – 8%
• Late fee: $15 or 5% of payment
• Repayment terms: 36 or 60 months

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Other Options for Finding Personal Loans

If you’re looking for a personal loan and are disappointed to find that Capital One doesn’t offer them, don’t worry — you still have plenty of options.

Here are some resources to help you search for a personal loan:

• Best Personal Loans: This guide goes over our top picks for personal loan lenders broken out by credit ratings.
• Good Credit Personal Loans: Compare options for borrowers with good credit.
• Fair Credit Personal Loans: See our top picks for personal loans specifically designed for borrowers with fair credit.
• Bad Credit Personal Loans: Don’t have the best credit? Learn more about our top picks for personal loans specifically designed for those with bad credit.
• Home Improvement Loans: Looking for a personal loan to pay for home improvements? Check out our guide to see options and learn more about how they work.
• Debt Consolidation Loans: If you are looking to consolidate credit card debt or another form of debt, you can use a debt consolidation loan to do so, potentially saving you money along the way.
• Bank Loans: This guide goes over personal loan options available from big banks.
• Online Loans: See personal loan options from completely online lenders that usually have a fast and seamless application process.
• Credit Union Personal Loans: Prefer a credit union over a bank or online lender? Check out our credit union personal loans guide to see some options.
• Peer-to-Peer Loans: These loans allow you to borrow from everyday consumers instead of banks and lenders.

What Loans Does Capital One Offer?

Capital One offers bank accounts, lines of credit, auto loans, and small business and commercial financing, but it doesn’t offer personal loans anymore.

• Auto Loans: Through the Auto Navigator program, the company helps you find the right loan terms through personalized options, it helps you choose a car from thousands of dealers nationwide, and it optimizes the loan process, all without even hitting your credit report with a hard credit check.
• Commercial Lending: Capital One also offers a wide variety of commercial financing solutions, including real estate, asset-based lending, and more.
• Small Business Lending: In certain U.S. locations, Capital One offers limited small business banking and lending products as well, including loans and lines of credit.

In addition, Capital One also continues to service any previously existing loans, even if they no longer offer that particular loan product. If you already have a Capital One personal loan, then you can continue to log in and manage that loan online.

Final Thoughts on Capital One Personal Loan Alternatives

Capital One might not offer personal loans anymore, but you have plenty of personal loan alternatives. Whether you go with your local bank, an online lender, or even a peer-to-peer company, chances are good that you’ll be able to find the loan or line of credit you need.

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^*Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Excellent credit is required to qualify for lowest rates. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are 0.50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice.

^**Payment example: Monthly payments for a $10,000 loan at 5.95% APR with a term of three years would result in 36 monthly payments of $303.99.

¹The full range of available rates varies by state. The average 3-year loan offered across all lenders using the Upstart platform will have an APR of 21.97% and 36 monthly payments of $35 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $12,646 including a $626 origination fee. APR is calculated based on 3-year rates offered in the last 1 month. There is no down payment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application.

²Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Loans are not available in West Virginia or Iowa. The minimum loan amount in MA is $7,000. The minimum loan amount in Ohio is $6,000. The minimum loan amount in NM is $5100. The minimum loan amount in GA is $3,100.

³Although educational information is collected as part of Upstart’s rate check process, neither Upstart nor its bank partners have a minimum educational attainment requirement in order to be eligible for a loan.

⁴Approval numbers compare the 2020 loan approval rate by the Upstart model and a hypothetical traditional credit decision model. The APR calculation compares the two models based on the average APR offered to borrowers up to the same approval rate. The hypothetical traditional model used in Upstart’s analyses was developed in connection with the CFPB No Action Letter access-to-credit testing program, is trained on Upstart platform data, uses logistic regression and considers traditional application and credit file variables.