Chase personal loans are available through their website, phone, or in-person at a branch, and the process typically takes three to five business days from approval to funding
Chase offers unsecured personal loans ranging from $500 to $100,000, though the exact amount you can borrow depends on your credit score, income, and existing debt. You can start the process online at chase.com, call 1-800-935-9935, or visit a Chase branch in person. The bank will pull your credit report during the application, which is a hard inquiry and will temporarily lower your credit score by a few points.
The application itself takes about 10 to 15 minutes. Chase will ask for your Social Security number, employment information, annual income, and details about any existing debts. If you apply online, you may get a decision within minutes to a few hours. If approved, the money typically lands in your Chase checking or savings account within one to three business days, though some applicants report receiving funds the same day.
Key Takeaways
- Chase personal loans range from $500 to $100,000, with interest rates varying based on your credit score and the loan term you choose.
- You can apply online, by phone, or in person, and most decisions come back within hours if you apply online.
- Chase will perform a hard credit inquiry, which temporarily lowers your credit score, so avoid applying multiple times in a short period.
- Funding usually arrives within one to three business days after approval, and you can choose a loan term between 24 and 84 months.
- There is no prepayment penalty, so you can pay off the loan early without extra fees.
What credit score you need for Chase personal loans
Chase does not publish a minimum credit score requirement, but in practice you typically need a score of 670 or higher to be considered. Applicants with scores between 670 and 739 may receive approval but at higher interest rates. Those with scores of 740 and above generally receive the best rates.
If your score is below 670, Chase may still approve you, but it is less common. Your approval also depends on your income, employment history, and existing debt-to-income ratio. If you are denied, you can ask Chase what factors led to the decision and reapply after improving your credit or waiting a few months.
Interest rates and fees
Chase personal loan interest rates range from approximately 6.99% to 19.99% APR, depending on your creditworthiness and the loan term. The bank does not charge an origination fee, prepayment penalty, or late fee in the traditional sense—instead, late payments may result in interest rate increases on future transactions. There is no annual fee for the loan itself.
The actual rate you receive is determined after approval and depends on factors Chase evaluates during underwriting. You can see an estimated rate range before you formally apply by using Chase's online rate checker, which performs a soft inquiry and does not affect your credit score. The rate is locked once you accept the loan offer.
How to apply online
Go to chase.com and navigate to the Personal Loans section. Click "Apply Now" and you will be asked to log in with your Chase online banking credentials if you are an existing customer, or create an account if you are not. You do not need to be a Chase customer to borrow, but existing customers may see slightly faster processing.
Fill in your personal information: full name, date of birth, Social Security number, current address, and employment details. You will need your annual gross income and information about any existing debts—credit cards, car loans, mortgages, or other personal loans. Be as accurate as possible; Chase verifies income through tax returns or bank statements if the loan amount is large or if your application raises questions.
Next, select your loan amount and term. Chase offers terms from 24 to 84 months. A shorter term means higher monthly payments but less total interest paid. A longer term spreads payments out but costs more in interest overall. After you select these details, Chase will show you an estimated monthly payment and total interest cost.
Review the terms and submit. Chase will perform a hard credit inquiry and give you a decision within minutes to a few hours. If approved, you will see the final interest rate and can accept or decline the offer. Once accepted, the funds are deposited into your bank account within one to three business days.
Applying by phone or in person
To apply by phone, call 1-800-935-9935 and ask for the personal loans department. A representative will walk you through the same questions as the online form and can answer questions about rates and terms in real time. Phone applications typically take 15 to 20 minutes, and you will receive a decision before the call ends.
If you prefer to apply in person, visit any Chase branch with a valid government-issued ID and proof of income (a recent pay stub or tax return). A banker can review your options, answer questions about different loan terms, and submit your application on the spot. In-person applications may take longer because the banker may need to verify information or contact underwriting, but you leave with a clear timeline for funding.
What happens after approval
Once you accept a loan offer, Chase will send you loan documents to sign electronically or by mail, depending on how you applied. Read these carefully—they include the final interest rate, monthly payment amount, due date, and the total amount you will repay. If anything looks wrong, contact Chase immediately before signing.
After you sign, Chase deposits the full loan amount into your designated bank account. Your first payment is typically due 30 days after funding. You can set up automatic payments from your Chase account or any other bank account to avoid missing a due date. Chase also allows you to make extra payments or pay off the loan in full at any time without penalty.
You can track your loan balance and payment history through your Chase online banking account or the Chase mobile app. If you have questions about your loan after funding, contact Chase customer service at the number on your loan documents.
When Chase might deny your application
Chase denies applications for several reasons: a credit score that is too low, a debt-to-income ratio that is too high (meaning your existing monthly debt payments are a large percentage of your income), insufficient income to support the loan amount you requested, or a history of missed payments or defaults. Recent bankruptcy or foreclosure can also result in denial.
If you are denied, ask Chase for the specific reason. If it is a credit score issue, you can work on paying down existing debt or disputing errors on your credit report, then reapply in a few months. If it is a debt-to-income issue, you may need to request a smaller loan amount or pay down existing debts first. Some applicants are approved for a smaller amount than they requested; in that case, you can accept the lower amount or decline and reapply later.
Alternatives if Chase denies you
If Chase turns you down, other banks and online lenders may have different approval standards. LendingClub, Upstart, and SoFi offer personal loans to borrowers with credit scores as low as 600, though interest rates will be higher. Credit unions often have more flexible lending criteria than banks and may work with you if your score is lower. Some credit unions do not require membership to borrow; others require you to join first, which usually costs $5 to $25.
Before applying elsewhere, wait at least a few weeks. Each application triggers a hard credit inquiry, and multiple inquiries in a short time can lower your score further and make approval less likely. Use the time to pay down existing debt or dispute any errors on your credit report, which may improve your chances with the next lender.
Frequently Asked Questions
Do I have to be a Chase customer to get a personal loan?
No. You can apply for a Chase personal loan whether or not you have a checking or savings account with them. However, existing Chase customers may experience slightly faster processing because Chase already has some of your information on file. You will need to provide a bank account for the loan funds to be deposited into, and it does not have to be a Chase account.
How long does it take to get the money after I am approved?
Funding typically occurs within one to three business days after you accept the loan offer and sign the documents. Some applicants report receiving funds the same day, particularly if they applied online and have an existing Chase account. Weekends and holidays may delay funding by one business day.
Can I pay off my Chase personal loan early without a penalty?
Yes. Chase personal loans have no prepayment penalty, so you can pay off the entire balance at any time without extra fees. Paying early reduces the total interest you pay over the life of the loan. You can make extra payments toward principal at any time through your online banking account.
What if I miss a payment?
If you miss a payment, Chase will charge a late fee (the amount varies) and may increase your interest rate on future transactions. Missing a payment also reports to credit bureaus and damages your credit score. If you know you will miss a payment, contact Chase immediately to discuss options like a payment deferment or restructuring the loan.
Can I get a rate reduction after I take out the loan?
Chase does not automatically lower rates after origination, but you can contact them to ask about a rate reduction if your credit score has improved significantly or if you have been a reliable customer. Some lenders offer this, but it is not may provide. Your best option is to pay on time for several months, which improves your credit score and may make you may be able to access for better rates if you borrow again in the future.