Getting personal loan approvals from banks is a nightmare, especially if you don't have a good credit history, employment, or reliable source of income. Most banks also take forever to approve personal loans for qualified candidates.
However, banks like TD Bank, Wells Fargo, and USAA ensure quick loan approvals and fast funding. And you don't need to have excellent credit scores to qualify for personal loans.
What Are the Easiest Banks to Request Personal Loans from?
The following banks have an excellent reputation for providing loans to all applicants, including those with bad credit scores;
USAA
This bank has not indicated on its website the minimum credit score requirements. But, you can still get loan approval with a 640 credit score or lower. Meaning candidates with fair to bad credit scores can quickly get their loan applications approved. Furthermore, personal loans have a fairly charged APR and repayment terms of up to 7 years.
Wells Fargo
To qualify for unsecured personal loans from Wells Fargo, you must have a minimum credit score of 660. This bank allows you to pre-qualify yourself for a personal loan without impacting your credit score. Besides, the bank doesn't charge origination fees.
American Express
You can also consider taking out personal loans to consolidate your credit card debts from American Express. This bank requires a minimum credit score of 660 to qualify for unsecured personal loans. The bank services are available in all 50 states, and sometimes, you may get funding within a day.
TD Bank
You can get approved for personal loans from TD Bank with a minimum credit score of 660. However, non-TD Bank customers must have a credit score of 750. You may get a large amount of money, however, the loan amount will depend on your creditworthiness. The bank also ensures quick loan processing and you get funding possibly within the next working day.
Discover Bank
Discover bank is another reputable bank for providing personal loans to persons with a minimum credit score of 660. The bank has a mobile application that makes it easy for applicants to manage loans, payments, and other key banking services.
Conclusion
The banks recommended in the article can actually consider you for a personal loan even if you don't have an excellent credit score. You can find exciting credit deals when you apply for personal loans from them. Visit the banks' branches or websites to learn more about their personal loan terms.