Capital One Personal Loan Alternatives

Capital One doesn’t offer unsecured personal loans, but you can consider other lenders, including banks, credit unions and online lenders.

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Personal loan alternatives to Capital One

Banks

Citibank, TD Bank and Wells Fargo are all banks that offer personal loans. To qualify at most banks, you must be an existing bank customer and meet minimum credit and income requirements.

Snapshot of a typical bank-issued personal loan:

• Credit scores accepted: Good to excellent (above 689).

• APR range: 6% to 36%.

• Loan amounts: $1,000 to $100,000.

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Online lenders

Online lenders let you complete the entire application process online, and some provide same-day funding. Many lenders offer personal loans to borrowers across the credit spectrum, and you can pre-qualify to see estimated loan rates with a soft credit check.

It pays to compare rates from multiple online lenders because companies use different formulas to set their rates. NerdWallet’s loan comparison tool lets you check rates without affecting your credit.

Snapshot of a typical online personal loan:

• Credit score accepted: Bad to excellent (above 500).

• APR range: 6% to 36%.

• Loan amounts: $1,000 to $100,000.

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Compare personal loans

Here are three online lenders to consider as alternatives to Capital One. NerdWallet recommends pre-qualifying to compare loan amounts, terms and monthly payments.

Credit unions

Local credit unions typically don’t require good credit to qualify and offer lower rates and more flexible terms than traditional banks or online lenders. However, you must be a member before applying for a loan. NerdWallet recommends considering a local credit union as a good first choice for a personal loan.

Snapshot of a typical credit union personal loan:

• Credit score accepted: Bad to excellent.

• APR range: Average 10.83% at federal credit unions for a three-year loan.

• Loan amounts: $250 to $50,000.

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Other types of Capital One loans

Capital One offers other types of loans, including:

• Auto loans

• Credit cards