Which bank provides personal loans easily?

There are many banks and credit unions that provide personal loans. Personal loans are one of the most diverse loan types available as they do not need to be used for a specific purpose like mortgage or auto loans. Those who are members of their local credit union may be able to access excellent deals on personal loans. However, for those who are not or cannot be members of a credit union, a personal loan from a bank may be more accessible. 

Getting a personal loan from a smaller bank in your neighborhood may allow you to get more competitive rates than you might be able to access at a larger nationwide bank. Applications for personal loans through a bank can be a time-consuming process, so if ease is your priority, it might be worth looking into personal loans from online lenders.

Online lenders have become increasingly commonplace in the lending industry over recent years, making it easier to get quick funding than ever before. Borrowers from a wide variety of financial backgrounds can now access personal loans in all shapes and sizes from online financial institutions with just a few clicks of a button. 


Depending on the state of your credit score, you may even be able to obtain competitive interest rates on your personal loan. While all online lenders will need to check your credit score before approving you for a loan, there are many lenders that work specifically with borrowers with less-than-perfect credit. 

Personal loans are unsecured loans, meaning they are not borrowed against some form of collateral like a car loan or a home loan. Because personal loans are unsecured, they can pose more risk to lenders resulting in the need for higher interest rates. If you are seeking a personal loan with bad credit, you will likely need to be prepared to pay high-interest rates. Fortunately, you should not have trouble finding a lender willing to work with you if you can afford the costs. There is an abundance of online lenders, like CreditNinja, who may be able to help out borrowers with poor credit. 

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