You need to borrow a few thousand dollars, you bank with Chase, and the obvious question comes up: can Chase Bank give personal loans?
The direct answer is no. Chase, the largest bank in the United States, does not offer traditional unsecured personal loans to anyone, not even long-time customers with excellent credit. You cannot walk into a branch or apply online for a Chase loan that deposits a lump sum of cash into your account.
Here is why, what Chase offers instead, and where to actually get a personal loan in 2026.
Can Chase Bank Give Personal Loans? The Straight Answer
Chase does not offer unsecured personal loans in any form, as of July 2026. Search Chase's own site and you will find credit cards, mortgages, auto loans, and business financing, but no personal loan product.
If a website or caller offers you a "Chase personal loan," treat it as a red flag. Scammers sometimes borrow big bank names to push fake loan offers. A real Chase unsecured personal loan simply does not exist.
Why Chase Bank Doesn't Give Personal Loans
Chase has never said much publicly about the decision, but the economics offer clues. Unsecured lending is risky because there is no collateral to recover if a borrower defaults. Chase already earns from unsecured borrowing through its massive credit card business, which comes with more flexible pricing and a rewards ecosystem.
Most other mega-banks made similar calls. Bank of America and Capital One skip personal loans too, while some competitors still offer them. The market got filled instead by online lenders, which is where most borrowers land today.
What Chase Offers Instead: My Chase Loan
Existing Chase credit cardholders do have one loan-like option. My Chase Loan lets eligible cardholders borrow cash against their existing credit card limit and repay it in fixed monthly installments.
Key features, based on Chase's published details as of July 2026:
- No application or credit check. You are borrowing against credit you already have.
- No origination fee. The money is deposited into your bank account.
- Fixed APR. Typically lower than your card's standard purchase APR, though often higher than a standalone personal loan.
- Fixed repayment schedule. You pick from offered terms and pay a set amount monthly.
Eligibility is not universal. Chase decides which cardholders see the offer, generally requiring a card account open for at least six months with available credit and a solid payment history. The amount you can borrow comes out of your existing credit limit, so it also reduces your available spending power on the card.
My Chase Plan is a related feature that splits an existing purchase into fixed monthly payments for a fee, rather than giving you cash.
When My Chase Loan Makes Sense
My Chase Loan can work for smaller needs when you already have a high credit limit and want money fast without a new application. But because the rate typically beats a cash advance rather than a true personal loan, comparison shopping usually pays. APRs vary by creditworthiness, and terms and conditions apply.
Where to Get a Personal Loan Instead
Since Chase unsecured personal loans are off the table, online lenders and marketplaces are the practical route. Rates and approval odds vary widely, so comparing at least two or three offers may save you real money.
Upstart is an online lending marketplace that partners with banks to offer personal loans from $1,000 to $75,000. Its underwriting looks beyond your credit score at factors like education and work experience, which can help applicants with thinner credit files. Checking your rate uses a soft pull, so it will not hurt your score.
Upstart
Upstart
Upstart is an online lending marketplace that partners with banks to provide personal loans from $1,000-$75,000. Upstart goes beyond traditional lending metrics to help you find financing that considers many factors including your education and experience
Standout feature
AI-driven underwriting that goes beyond your credit score — checking your rate is a soft pull with no score impact, most applicants are approved instantly, and funds can arrive as soon as the next business day.
Fees
Origination fee 0%–12% of the loan amount
Pros
No minimum credit score required (AI-based approval)
Cons
Origination fee: up to 12%
If you want to compare many lenders at once, MoneyLion runs a loan marketplace that shows personalized offers from top providers in minutes, with no credit score impact to browse. Seeing several real offers side by side is the fastest way to learn what rate you actually qualify for.
MoneyLion
MoneyLion
Compare personal loan offers from top providers in minutes with no credit score impact with the MoneyLion Marketplace.
Standout feature
Soft-pull marketplace that surfaces prequalified personal loan offers from a network of lenders, with options up to $100,000 and partners that work with fair and bad credit
Fees
Free to use the marketplace
Pros
Compare multiple lender offers in minutes; soft credit pull to prequalify — no impact on your score
Cons
Final approval requires a hard pull from the chosen lender
For small, short-term gaps, a full personal loan may be overkill. Klover offers cash advances up to $250 with no credit check and no late fees, which can cover a bill between paychecks without a loan application at all.
Klover
Klover
Need cash before payday? Klover gives you instant access to up to $750 with no credit check, no interest, and no late fees. Earn points through surveys, receipt scanning, and daily activities to unlock higher advance amounts.
Standout feature
Up to $750 cash advance with no interest or credit check. Free standard delivery.
Fees
Free (optional instant delivery fee)
Pros
No interest or required fees. Quick access to cash advances. Multiple ways to earn points and unlock higher limits.
Cons
Points system can be grindy with ads and games required.
How to Choose
Match the tool to the size of the need. Under $500, a cash advance app is usually faster and cheaper than borrowing. For a few thousand or more, compare marketplace offers from Upstart and MoneyLion against any My Chase Loan offer sitting in your account. Look at total repayment cost, not just the monthly payment, and never pay an upfront fee to "unlock" a loan.
Frequently Asked Questions
Does Chase have personal loans for existing customers?
No. Chase does not offer unsecured personal loans to anyone, including long-standing customers. The closest option for existing cardholders is My Chase Loan, which borrows against your current credit card limit.
What credit score do I need for My Chase Loan?
There is no published score requirement because there is no new credit check. Chase decides eligibility internally based on your account history, typically requiring at least six months with the card and a record of on-time payments.
Can I get a loan from Chase with bad credit?
Chase does not offer personal loans at any credit level. With lower credit, marketplaces like Upstart may still return offers since they weigh education and employment alongside your score, though APRs vary by creditworthiness.
Is My Chase Loan cheaper than a personal loan?
Not always. Its fixed APR is usually lower than a cash advance but often higher than what qualified borrowers get on a standalone personal loan. Compare your My Chase Loan offer against at least two outside quotes before deciding.
