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Alternatives to Capital One Personal Loans

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If you're looking for a personal loan and want a big name in finance, you might wonder if Capital One offers personal loans. Here's what you need to know.

Does Capital One offer personal loans?

The short answer is no. There are no Capital One personal loans.

There are, however, plenty of other options, which can fit a variety of situations, credit scores, and incomes. If you're looking for a personal loan, here are some alternatives to Capital One you might want to consider.

Personal loan alternatives to Capital One

Since Capital One doesn't offer personal loans, you'll need to borrow money from another lender. Finding the right loan for you could take some time -- there is no one-size-fits-all loan solution -- but in general, the following three types of lenders might be a good place to start your shopping.

Banks

If you're the kind of consumer who wants all your accounts in one spot, a bank may offer the perfect alternative to Capital One personal loans.

In fact, it may have been the reason you searched for Capital One personal loans in the first place. Consider how easy it would be to have your checking account, savings account, credit card, and personal loan all in the same place. If you have a question about any of these accounts, you know who to call. You can quickly familiarize yourself with the bank's online options and access all your financial information at any time.

SoFi® could be that bank. SoFi® offers the SoFi Checking and Savings (member FDIC), a checking and savings account hybrid, plus several rewards credit cards. Best of all, it has its excellent no fee SoFi Personal Loans with high maximum loan limits, favorable APRs, and a variety of loan terms.

Ratings Methodology
Award Icon 2025 Award Winner

SoFi Personal Loans

Great for: Low APR for borrowers with high income

Apply Now for SoFi Personal Loans
Logo for SoFi Personal Loans
Rating image, 5.0 out of 5 stars.
5.0/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Apply Now for SoFi Personal Loans
Minimum Credit Score
680
Loan Amounts
$5,000 - $100,000
APR Range
Fixed: 8.99%-29.99% APR (with all discounts)
Term Length
24 - 84 months

We find that SoFi stands out in the personal loan landscape by offering competitive interest rates and a generous loan limit of up to $100,000. By opening a SoFi checking or savings account and setting up auto-pay, you can enjoy a 0.25% rate reduction, which can be stacked for a total of 0.5% if you do both. Plus, there are no origination fees, late fees, or prepayment penalties, and you can benefit from same-day funding for added convenience.

  • Competitive interest rates
  • No fees or prepayment penalty
  • High maximum loan limit
  • Same-day funding available
  • High minimum loan amount
  • High minimum credit score
  • No in-person support
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Disclaimers

*SoFi Personal Loan Disclaimer

Fixed rates from 8.99% APR to 29.99% APR. APR reflects the 0.25% autopay discount and a 0.25% direct deposit discount.

SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 3/06/24 and are subject to change without notice.Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibility-criteria/#eligibility-personal. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual ratewill be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors.

Loan amounts range from $5,000–$100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from any loan proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%-7%, will be deducted from any loan proceeds you receive.


Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.


Direct Deposit Discount: To be eligible to potentially receive an additional (0.25%) interest rate reduction for setting up direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A. or eligible cash management account offered by SoFi Securities, LLC (“Direct Deposit Account”), you must have an open Direct Deposit Account within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled payroll direct deposits of at least $1,000/month to a Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion. This discount will be lost during periods in which SoFi determines you have turned off direct deposits to your Direct Deposit Account. You are not required to enroll in direct deposits to receive a Loan.

Impact to credit score: To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

Credit unions

Credit unions are a great alternative to Capital One personal loans. Like banks, credit unions provide a variety of accounts and products and could help you house your checking account, savings account, credit card, debit card, and personal loan under one roof.

In addition, credit unions are usually more personable and will see you as an individual with unique goals and circumstances. In short, you're not just a number.

Let's say you're self-employed and earn an irregular income, or your small business loans appear to take up a large part of your earnings. Maybe you're in the process of improving your credit. Whatever your situation, a loan officer at a credit union is more likely to see the bigger picture.

With 314 locations nationwide, Navy Federal Credit Union is the largest credit union in the country. Navy Federal Credit Union also offers some pretty competitive personal loans. If you or anyone in your immediate family has served in the military, is assigned to the Department of Defense, or is part of the delayed entry program, you'll be eligible for five different types of personal loans with great rates.

Online lenders

Online lenders can give you the convenience you wanted from Capital One personal loans, plus a quick approval process. If you qualify, it will take no time before you receive a loan offer -- including the interest rate and repayment term.

Since online personal loan lenders operate with less overhead, the interest rates can be surprisingly low. And whether you have excellent credit or poor credit, there is a personal loan for everyone.

One option is LightStream. LightStream is a financial company that provides great personal loans with high limits and favorable rates. Best of all, you can apply online and have your funds within the same day. Plus, if you're not satisfied with your loan experience, you can complete a questionnaire and receive $100.

Compare the best personal loans

Get the best rates and terms to fit your needs. Here are a few loans we'd like to highlight, including our award winners.

Lender APR Range Loan Amount Min. Credit Score Next Steps
Fixed: 8.99%-29.99% APR (with all discounts)
$5,000 - $100,000
680
7.99% - 24.99%
$2,500 - $40,000
660
7.80% - 35.99%
$1,000 - $50,000
300

Whatever option you choose, before you look for alternatives to Capital One personal loans, take steps to boost your credit score, such as paying down debt and keeping your credit utilization ratio below 30%.

Working on your credit score pays off -- literally. Excellent credit can give you access to low interest personal loans and save you hundreds or even thousands of dollars.

What personal loan is right for you?

The "right" personal loan depends on several factors, including your credit history and credit score. It also depends on your plans for the loan and the type of loan you need.

When you're shopping for the best personal loan, here are three things to look for:

  1. The lender charges a low interest rate and low fees -- or no fees at all.
  2. The loan repayment term works for you. It should be long enough to keep the monthly payment manageable, but short enough to allow you to pay the loan off quickly.
  3. The lender is easy to work with and someone you can trust.

When you find a loan that ticks off all three boxes, you'll be on the right track to finding a great alternative to Capital One personal loans.

Motley Fool Money's best personal loans

Looking for a personal loan but don’t know where to start? Our favorites offer quick approval and rock-bottom interest rates. Check out our list to find the best loan for you.

Best personal loans

FAQs

  • No, Capital One personal loans are not an option.

  • Some big banks do not offer personal loans, potentially because the margins are too narrow or the risks of unsecured loans are too great.

  • Banks, credit unions, and online lenders all offer personal loans and each type of lender has its advantages.