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Does Chase Bank Do Personal Loans?

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You may not have known it before, but Chase is a leader in the banking industry. It’s one of America’s “Big Four” banks and has more assets than any other bank in the nation. This lends itself to a pretty big question: Does Chase Bank do personal loans?

The answer is yes, sort of. The company doesn’t offer unsecured personal loans directly. Instead, it has partnered with LendingClub, one of the largest online peer-to-peer lenders, to offer unsecured loans that work similarly to personal loans. If you’re interested in learning more about how this unique partnership works and if it might be right for you, keep reading below!

Chase Bank isn’t a direct lender, but it does have a partnership with LendingClub for unsecured loans.

When you think of Chase Bank, you probably picture the logo: a blue oval with five intertwining red lines. But did you know that Chase Bank is actually a bank? It’s true—Chase Bank provides financial services to individuals and businesses.

In this article, we’ll discuss if Chase Bank offers personal loans directly or if it partners exclusively with other lenders such as LendingClub (LC). We’ll also explain what these two options mean for consumers who may be interested in applying for an unsecured loan from Chase Bank.

Does Chase Bank Do Personal Loans? Source: Freepik.com

Chase Bank does not have a product that’s quite like a personal loan, but this partnership provides customers with a similar borrowing option.

Chase Bank does not have a product that’s quite like a personal loan, but this partnership provides customers with a similar borrowing option.

Chase Bank is not a direct lender, but it does have a partnership with LendingClub for unsecured loans.

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Chase borrowers can get between $1,000 and $40,000.

The max loan amount is $40,000 and the minimum is $1,000. The longest term of a Chase personal loan is five years while the shortest term is six months.

Chase borrowers may be eligible for rates as low as 5.99% APR.

The APR is the annual interest rate you’ll pay on your loan. The lower the APR, the less interest you’ll owe over the life of your loan. To determine your monthly payment amount and other details such as when payments are due (weekly or monthly), read through our Chase personal loan review below.

The maximum loan term is five years.

The maximum loan term is five years. The minimum loan term is three years.

  • Loans are not available for refinancing or consolidation of other Chase loans.
  • Loans are not available for home improvement, such as adding an addition to your house or installing new windows; however, you may be able to use the money however you wish as long as it doesn’t violate any laws and regulations in your state or country of residence.
  • Loans are not available for debt consolidation—they cannot pay off existing debts on their own but must be used in conjunction with other payments (like student loans).

Personal loans can be used to pay off credit card debt or fund home improvement projects, large purchases or emergency expenses.

Personal loans can be used to pay off credit card debt or fund home improvement projects, large purchases or emergency expenses. If you have a high interest credit card balance, consider using a personal loan as an alternative to paying off the balance. Personal loans have lower interest rates than most credit cards and offer several other benefits as well.

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Personal loans are best suited for individuals who need quick access to cash and don’t qualify for more traditional financing options such as home equity lines of credit (HELOCs) or mortgages. They’re also useful when you want to consolidate existing debts into one account rather than struggling with multiple monthly payments on different balances at different lenders’ websites. In addition, personal loans provide more flexibility than some traditional bank products since they often offer longer repayment periods at lower monthly payments than other forms of consumer financing such as car loans do–which makes them ideal options not just for consolidating existing debt but also taking advantage of special events like birthdays where friends/family might want to give out gifts but not necessarily want their own finances tied up in another person’s long-term obligations!

Chase Personal Loans Review

Conclusion

In conclusion, while Chase Bank does not offer a product that closely resembles a personal loan, it does have an arrangement with LendingClub that allows its customers to borrow money under certain circumstances. As always, we recommend reading the fine print and talking with representatives at Chase Bank and LendingClub before taking out a loan.

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