APR

6.79%
To
20.89%

Credit Req.

Not specified

Minimum Credit Score

Terms

36 to 84

months

Origination Fee

No fees

SEE OFFERS Secured

on LendingTree’s secure website

Citizens Bank product details

A Citizens Bank personal loan offers you the ability to lower your interest rate. If you have another qualifying Citizens Bank account when you complete your application, you’ll receive the Citizens Loyalty Discount, entitling you to a 0.25% rate discount. Save another 0.25% by opting to have your monthly loan payments automatically debited through ACH. This allows you to reduce your rate by a total of 0.50%.

In addition, if you’re an active-duty service member or are called into active duty before your Citizens Bank personal loan is repaid, you may qualify for special benefits. Eligibility varies according to a number of factors, so contact customer service for more details.

Eligibility requirements

• Minimum credit score: Not specified
• Minimum credit history: “Reasonably strong credit history,” per Citizens Bank’s website.
• Maximum debt-to-income ratio: Not specified.

To qualify for a Citizens Bank personal loan, you must have a strong credit history and a minimum annual income of at least $24,000. You must also be a U.S. citizen or permanent resident of the U.S. or Puerto Rico and have a valid Social Security number. Additionally, you’ll need to be at least the age of majority in the state where you reside.

Applying for a personal loan from Citizens Bank

You can apply for a Citizens Bank personal loan online. To complete your application, you’ll need to provide your Social Security number, gross annual income — accompanied by your most recent pay stub — and requested loan amount. If applicable, you might also be required to specify the name and phone number of your employer and the name and email address of your co-signer. Do note, though, that if you use a co-signer, they’ll also need to provide all the information listed above.

After submitting your application, you might be asked to supply additional documents to verify the information submitted. If you’re asked to provide proof of Social Security number, this could include a copy of your Social Security card, birth certificate or passport. Documents needed for income verification purposes may vary, according to your unique situation. Submit the documents online for the fastest processing, via email or by standard or overnight mail.

If your personal loan is approved, you’ll need to acknowledge and accept the terms of the offer, review and sign your application and promissory note — along with your co-signer, if applicable. Your promissory note can be signed digitally — the fastest method — or physically. The money will be deposited in your account quickly — possibly within two business days — and your first payment will be due 20 to 50 days from disbursement.

Who’s the best fit for a Citizens Bank personal loan?

If you don’t want to pay fees, the Citizens Bank personal loan might be a good fit. Since no fees are attached to the loan — including origination fees and prepayment penalties — you can save money on its total cost.

Considering loans can often be funded within two business days, this could also be a great choice if you need cash fast. If you already have an account with Citizens Bank, you’ll especially want to check this loan out. You could be eligible for a reduced interest rate of up to 0.50% if you qualify for the Citizens Loyalty Discount and have your monthly loan payments automatically deducted through ACH.

Reading Citizens Bank reviews like this one is an important way to gather the facts, so you can make the best choice for your unique financial situation. It’s also advisable to shop around for other low-fee lenders, before signing any loan paperwork.

Citizens Bank consumer reviews

Citizens Bank has an A+ rating from the Better Business Bureau. On LendingTree, our parent company, 92% of reviewers recommend Citizens Bank.

Positive points in consumer reviews include great rates, knowledgeability and helpfulness of the lender, as well as the rapidity of the process. On the negative side, the lack of bank branches was mentioned.

Avik, from Jericho, N.Y., praised the bank employee he worked with: “As a first-time home buyer, we stumbled upon lot of unknowns especially buying [a] little bit above our budget and affordability. David walked us through the process and made it super easy. The bank also closed the loan in such a short notice. We were able to get our home where we were competing against multiple cash offers.” Vladimir from Pomona, N.Y., found the team “very responsive and easy to deal with.”

On the other hand, while Jared from Croton On Hudson, N.Y., did acknowledge that the team was “pretty great,” he added that “the requirement to open an account with them was a bit more work when I realized how few branches were nearby,” though “likely not an issue in the long-term.”

Alternative personal loan options

APR

8.99%
To
17.99%

Credit Req.

710

Minimum Credit Score

Terms

60

months

Origination Fee

No origination fee

APPLY NOW Secured

on Wright-Patt Credit Union’s secure website

Wright-Patt Credit Union offers personal loans from $500 to $40,000. Personal loans can be used for anything. One of the perks attached to the loan is the Skip-a-Pay Program, allowing eligible borrowers to skip one payment per calendar year without a late fee. You’ll need to join the credit union to apply for a personal loan: Ohio residents in several central and southwest counties, as well as the cities of Columbus and Cincinnati, are eligible for membership; those outside the region can research other means of joining the credit union. If you qualify for membership, this can be a good choice if you need less than the $5,000 minimum Citizens Bank loan.

APR

Starting at 6.49%

Credit Req.

700

Minimum Credit Score

Terms

36 to 60

months

Origination Fee

No origination fee

APPLY NOW Secured

on PenFed Credit Union’s secure website

PenFed personal loans are offered from $500 to $25,000. There’s no hidden costs of borrowing and funds are available immediately. Personal loans are exclusive to PenFed members, but you could be eligible to join through your employer, association membership, volunteerism or military affiliation. PenFed’s baseline APR is slightly lower than the starting 6.49% APR offered by Citizens Bank, so taking this route could allow you to score a better rate.

APR

As low as 9.49%

Credit Req.

700

Minimum Credit Score

Terms

12 to 84

months

Origination Fee

No origination fee

APPLY NOW Secured

on USAA Bank’s secure website

If you’re a member of the U.S. military — or an eligible family member — you might qualify for a USAA personal loan. Borrowing starts at $2,500 and you must be a member to apply for a personal loan. Decisions are typically made immediately and loans are funded the next day. Assuming you qualify for USAA membership, this could be a good fit if your borrowing needs are less than $5,000 minimum for a Citizens Bank personal loan.

APR

6.99%
To
18.99%

Credit Req.

660

Minimum Credit Score

Terms

12 to 60

months

Origination Fee

No origination fee

APPLY NOW Secured

on TD Bank Express Loan’s secure website

TD Bank product details

If you’re looking to pay off debt, TD Bank has an online calculator that can help you determine the date you can become debt-free. Simply enter your amount of outstanding debt and the tool will help you see how quickly you can pay it off by adjusting the terms to create a monthly payment you can afford. Do note, your minimum payment on both the Express loan and the unsecured loan will never be less than $125.

Existing TD Bank customers can benefit from a rate reduction on both the Express Loan and the unsecured loan. A 0.25% rate discount is offered when loan payments are automatically deducted from a TD Bank personal checking or savings account. APR is fixed and the 6.99% to 18.99% range assumes the 0.25% rate discount.

TD Bank also offers a secured personal loan. Use your TD Savings account, Money Market Savings account or TD Certificate of Deposit as collateral to receive $5,000 to $50,000 in funding. The loan is attached to a $50 origination fee and a 7.92% variable interest rate. Both the Express loan and the unsecured loan are subject to credit approval; to be approved for either loan, borrowers will need a credit score of 660 or higher. The credit score minimum for the secured loan has not been specified.

TD Bank Express Loan product details

If you need cash fast, the TD Bank Express loan offers up to $25,000 in funding that can be available in as quickly as 48 hours. Just as with the unsecured loan, you’ll incur no origination fee or prepayment penalties. Rates are fixed and range from 6.99% to 18.99%. Loans are subject to credit approval and require a 660 minimum credit score.

Eligibility requirements

• Minimum credit score: 660
• Minimum credit history: Not specified
• Maximum debt-to-income ratio: Not specified

Detailed eligibility requirements for TD bank personal loans are not listed on the company website.

Applying for a personal loan from TD Bank

A TD Bank personal loan application can be completed online in approximately 15 minutes. To fill out the application, you’ll need:

• Your Social Security Number
• A list of expenses (i.e., monthly mortgage or rent payments)
• Your employment history
• Income information

Upon completion of your application, a lending specialist will be in touch within one business day. A funding timeline for the unsecured loan is not readily available on the bank’s website. Funding for Express Loans can happen as quickly as 48 hours after you complete the application.

Who’s the best fit for a TD Bank personal loan?

Considering it can be funded as quickly as 48 hours after you complete the application, a TD Bank Express loan might be the right choice if you have an immediate need for cash. Assuming your borrowing requirements fall into the $2,000 to $25,000 range, this loan can provide funding without subjecting you to costly fees.

If you’re already a TD Bank customer, getting a loan from the company can be a savvy option, because you may receive an automatic APR discount. Offered with both the Express Loan and the unsecured loan, you’ll get a 0.25% rate deduction for opting to have your monthly payment automatically withdrawn from your TD Bank personal checking or savings account.

Since the minimum credit score is 660, TD Bank personal loans can be a good choice if your credit score falls into the “fair” FICO range, as many lenders have more stringent credit requirements. Additionally, the flexible terms, consisting of 12 to 60 months, allow you to choose a payment that fits your budget.

Before committing to a personal loan, it’s important to explore your options. Reading TD Bank reviews and learning as much as possible about personal loan products offered by other lenders will help you make an informed decision.

TD Bank consumer reviews

TD Bank currently has a BBB rating of A+. For more detailed information about past and present borrowers and their experiences with lenders, consumer reviews can be found on LendingTree, our parent company. However, TD Bank has not yet been reviewed.

Alternative personal loan options

(1590 Reviews)

APR

6.99%
To
24.99%

Credit Req.

660

Minimum Credit Score

Terms

36 to 84

months

Origination Fee

No origination fee

SEE OFFERS Secured

on LendingTree’s secure website

Discover Bank offers personal loans up to $35,000. It only takes a few minutes to check your rate, and decisions are typically made the same day. You don’t need a Discover credit card to be eligible for a loan, and if you’re able to repay the money within 30 days, you won’t incur any interest fees. This can be a good alternative to the TD Bank Express Loan, especially if you can return the funds in full within 30 days.

(304 Reviews)

APR

3.99%
To
16.99%

Credit Req.

660

Minimum Credit Score

Terms

24 to 144

months

Origination Fee

No origination fee

SEE OFFERS Secured

on LendingTree’s secure website

Advertiser Disclosure

LightStream, a division of SunTrust Bank, grants personal loans in increments from $5,000 to $100,000. The lender’s rates are competitive, but do note, a 0.50% autopay discount — available only prior to funding — is factored in. The bank also offers to beat any qualifying rate and charges no fees, including prepayment penalties. This can be a good choice if you’re looking for a more competitive APR or longer terms than offered by TD Bank.

APR

5.99%
To
16.79%

Credit Req.

680

Minimum Credit Score

Terms

24 to 84

months

Origination Fee

No origination fee

SEE OFFERS Secured

on LendingTree’s secure website

Advertiser Disclosure

SoFi offers personal loans from $5,000 to $100,000. The lender charges no fees, and the loans come with unemployment protection. This would allow you to temporarily pause payments if you lose your job, while SoFi assists you in getting your career back on track. (Do note, however, that rates are based on a 0.25% autopay discount.) If you’re looking for a product with longer terms than a TD loan, this might be a solid choice.

APR

6.98%
To
18.99%

Credit Req.

Fair to excellent

Minimum Credit Score

Terms

12 to 48

months

Origination Fee

None

APPLY NOW Secured

on American Express’s secure website

American Express product details

Personal loans do not come with the perks often attached to American Express card products, like Membership Rewards, cash back or insurance benefits. However, the only fee associated with personal loans is a late fee — $39 if your payment is late or not made in full, which can result in major savings. To help you avoid late payments, the company offers an autopay feature.

If you’re using a personal loan for debt consolidation, American Express makes the process easy by sending your funds directly to the issuer. Payments can be disbursed to up to four personal credit card accounts held by most major credit card issuers. You’ll find out if your credit card account is eligible during the application process.

Eligibility requirements

• Minimum credit score: Fair to excellent
• Minimum credit history: Not specified
• Maximum debt-to-income ratio: Not specified

To be preapproved for an American Express personal loan, you must meet the lender’s minimum eligibility requirements. This includes being:

• A U.S. citizen or resident of the U.S. or its territories
• At least 18 years old
• A basic card member with an eligible consumer American Express card with at least nine months of account history that is in good standing at the time of application submission

Applying for a personal loan from American Express

Only preapproved American Express card members are eligible to apply for a personal loan. During the preapproval process, you’ll be asked to provide basic information, like the amount of money you’d like to borrow, desired repayment period, loan purpose, contact information and income. Keep in mind, however, that some card members may only be preapproved to use their personal loan for credit card debt consolidation.

All personal loan applications must be submitted online. You’ll need an American Express online account and valid email address, and you must agree to receive electronic communications and other online documents. Do note, however, that preapproval is not a guarantee that you’ll be granted a loan — but if your application is approved, you’ll have up to three days to review and accept the terms.

If your personal loan was approved to pay down credit card debt, the funds will be sent directly to the accounts designated on your application. Otherwise, the money will be sent to an eligible bank account on file with American Express. If you don’t have an eligible bank account on file, you have three days from the date you sign your loan agreement to add a personal checking account in your name or your loan agreement will be deemed void and unenforceable.

Who’s the best fit for an American Express personal loan?

An American Express personal loan can be a great choice for cardholders who don’t want to pay fees. Since the only fee associated with the loan is a $39 late fee — assessed only on late payments and those not made in full — you won’t pay any fees if you satisfy your monthly financial obligation.

Having several repayment periods available can also be a helpful option. This gives you the opportunity to choose a monthly payment that works best with your budget.

Considering the loan amount ranges from $3,500 to $40,000, this product is geared toward borrowers who need a higher loan amount. It’s also a better choice for cardholders with higher credit scores, as loan offers — including APR and maximum borrowing power — are based on creditworthiness and other factors.

Before moving forward with an application, it’s a good idea to check out reviews from other consumers and get a feel for the lender’s general reputation.

American Express consumer reviews

American Express has an A+ rating from the Better Business Bureau. The lender does not yet have reviews on LendingTree, our parent company.

To learn more about American Express, we recommend contacting the lender for a firsthand experience at its customer service and to get answers to any outstanding questions. You may also check the lender’s social media pages to see its activity and how consumers are responding. This may help you make a more informed decision before moving forward.

Alternative personal loan options

(304 Reviews)

APR

3.99%
To
16.99%

Credit Req.

660

Minimum Credit Score

Terms

24 to 144

months

Origination Fee

No origination fee

SEE OFFERS Secured

on LendingTree’s secure website

Advertiser Disclosure

LightStream is an online lending division of SunTrust Bank. It offers personal loans for between $5,000 and $100,000 with rates as low as 3.99% with autopay; however, note that lender rates vary based on the loan purpose. Still, LightStream doesn’t charge origination fees, plus it offers loans with terms from 24 to 144 months, so it could be a low-cost and flexible option for borrowers.

APR

5.99%
To
28.99%

Credit Req.

Varies

Minimum Credit Score

Terms

36 to 72

months

Origination Fee

No origination fee

SEE OFFERS Secured

on LendingTree’s secure website

Advertiser Disclosure

With no origination or late fees, Marcus by Goldman Sachs may be an affordable option for a personal loan. The lender offers loans for up to $40,000 with rates as low as 5.99%. Further, you can see rates with a soft pull.

(4383 Reviews)

APR

6.95%
To
35.89%

Credit Req.

600

Minimum Credit Score

Terms

36 or 60

months

Origination Fee

1.00% - 6.00%

SEE OFFERS Secured

on LendingTree’s secure website

LendingClub may be a great option for borrowers with less-than-stellar credit. It has a minimum credit score requirement of 600. Its personal loans come with rates as low as 6.95% and as high as 35.89%. You can expect an origination fee between 1.00% - 6.00%.