Chase is one of the largest and most recognizable banking institutions in the United States. With their wide array of credit cards, mortgages, and auto financing options, many customers naturally assume they can walk into a branch (or log onto the app) and apply for a standard unsecured personal loan. However, the answer to "Does Chase do personal loans?" is not as straightforward as you might think.
Currently, Chase does not offer traditional unsecured personal loans to the general public in the same way that other major banks or online lenders do. While they provide specific financing for cars, homes, and business needs, they generally steer clear of the "signature loan" market for personal cash use. This can be confusing for loyal customers who want to keep all their finances under one roof.
However, just because they don't offer a product labeled "personal loan" doesn't mean you are out of luck. Chase offers alternative ways to access cash, such as promotional balance transfer offers on their credit cards or home equity lines of credit (HELOC) for homeowners. Understanding these distinctions is vital so you don't waste time applying for a product that doesn't exist.
If you need a personal loan and bank with Chase, you will need to look at either their specific credit products or consider external lenders.
To get the full details on their policies and find the best alternatives, read our quick guide: Does Chase Bank Offer Personal Loans?
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