Best Banks for Personal Loans in 2025: Top Options for Low Rates and Flexible Terms
When people think of banks, they often think of deposits and savings accounts. But one of the most valuable services banks provide is personal loans—whether you need to consolidate debt, fund a large purchase, or cover an unexpected expense. The challenge? Not all banks offer personal loans, and those that do have widely varying terms, approval criteria, and interest rates.
If you’re searching for the best banks for personal loans in 2025, you’re in the right place. We’ve rounded up leading banks that offer competitive interest rates, flexible loan terms, and unique borrower perks. Let’s dive in.
Top National Banks Offering Personal Loans
1. American Express
You might associate American Express with credit cards, but they also offer some of the lowest personal loan ratesin the industry. The catch? You must have an active Amex card to be eligible. If you’re already a cardholder with strong credit, this could be one of the best options available.
Highlights:
- Fixed rates and no origination fees
- No prepayment penalties
- Ideal for existing Amex cardholders
2. Axos Bank
Axos offers loans up to $50,000, but has a high minimum loan amount of $7,000—the highest on our list. That means it may not be a fit for those needing smaller emergency loans or temporary cash flow relief.
Best for: Borrowers with larger loan needs
Not ideal for: Covering shortfalls under $7,000
3. Citi
Citi Personal Loans reward loyal banking customers. If you’re a Citi Priority or Citigold client, you could qualify for a discounted APR. However, the best rates are generally offered to people with substantial funds in premium Citi accounts—those who might not need a loan but are still eligible for a great rate.
Best feature: Loyalty discounts
Limitation: Highest savings only for high-net-worth clients
4. Discover
Discover Bank stands out as one of the few traditional banks willing to lend to people with fair credit. Their personal loans are great for debt consolidation, but there’s one caveat: you can’t consolidate a Discover credit card balance with a Discover personal loan.
Pro tip: Offers flexible repayment terms and same-day decisions
5. SoFi
What began as a FinTech startup is now a full-fledged bank. SoFi provides low fees, multiple rate discounts, and even the option to add a cosigner—something not all banks allow. Their digital-first model makes applying and managing your loan simple and convenient.
Key benefits:
- No fees
- Cosigner option
- Mobile-friendly platform
6. U.S. Bank
U.S. Bank has expanded nationwide through a partnership with State Farm, allowing it to offer loans in states where it previously didn’t operate. If you live in one of the 24 states without a U.S. Bank branch, check with your State Farm agent—you might still qualify.
Best for: State Farm customers needing access in non-U.S. Bank states
7. Wells Fargo
Wells Fargo allows you to apply for a personal loan from any U.S. state, despite only having branches in 38. They also offer one of the highest loan amounts—up to $100,000 with repayment terms of up to 7 years. A loyalty discount is available for existing customers with at least a 12-month banking relationship.
Standout features:
- High loan limits
- Long repayment terms
- Loyalty-based APR discounts
Regional Banks That Offer Personal Loans
While some regional banks don’t lend nationwide, they may still offer excellent deals if they operate in your state. Here are some banks to keep on your radar:
| Bank Name | Number of States |
|---|---|
| Fifth Third Bank | 11 |
| Huntington Bank | 11 |
| Key Bank | 15 |
| M&T Bank | 15 |
| PNC Bank | 28 |
| Regions Bank | 16 |
| Santander | 10 |
| TD Bank | 15 |
| Truist | 17 |
Tip: These regional banks are often more flexible for local borrowers and may provide better customer service than larger national banks.
Pro Tips for Getting Approved for a Personal Loan from a Bank
- Be an existing customer – Many banks favor applicants who already have a checking or savings account.
- Compare offers – Don’t settle for the first quote. Rates and approval criteria vary.
- Check your credit – Good credit opens the door to lower rates, but some banks accept fair credit.
- Use soft credit checks – Many lenders will show you potential loan offers without impacting your credit score.
Simplify Your Loan Search with The Yukon Project
Finding the right personal loan can feel overwhelming. That’s why at The Yukon Project, we’ve built a lending marketplace that does the shopping for you.
Here’s how it works:
- One application checks your rate with up to 40 lenders
- Soft credit checks only—no impact on your score
- You’ll see all approved offers side-by-side to choose the best one
👉 Visit our Lending Marketplace to find your best personal loan offers today.
Final Thoughts: Which Bank is Best for You?
The best bank for your personal loan depends on your credit profile, how much you want to borrow, and your banking relationship. While American Express and SoFi offer excellent low-rate options, banks like Discover and Wells Fargo provide broader accessibility and unique borrower perks.
