Which Bank Provides Low Interest Personal Loans?

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Tom MuemaPersonal Finance Writer

Posted on Sep 25, 2025

CitiBank, US Bank, Well Fargo, Discover, Santander Bank, and Citizens Bank are some of the most popular banks that offer affordable personal loan services, and they provide much lower interest rates for their loan services compared to other bank competitors. You can also get personal loans with bad credit-friendly requirements and affordable interest rates from online loan marketplaces like iPaydayLoans, WeLoans, US Installment Loans, CashUSA, and CashAdvance.

Banks That Provide Low-interest Personal Loans

We rounded up a table containing information about some of the most popular banks within the US that provide personal loan services with relatively affordable rates based on recent market research.

Bank Facilities Interest Rates
CitiBank 9.99% - 23.99%
US Bank 8.24% - 20.74%
Wells Fargo 5.99% - 21.74%
Discover 6.99% - 24.99%
Santander Bank 6.99% - 24.99%
Citizens Bank Vary by loan applicants

Typically, the interest rate and repayment period stated above give you an idea of what obtains at these banks, and the table is only served as a reference. However, the approved loan amount, interest rate, and repayment period may differ from person to person, and you should

Alternative Ways To Get Loans Other Than Banks

Bank loans aren’t available to everyone, especially for those with below-average credit scores, and the application process is usually stressful. If you can’t get a loan from traditional institutions like banks, you can approach a third-party lender for one. There are a lot of lenders you can meet other than traditional financial institutions, especially those who provide loan services for bad credit borrowers and they will likely run soft credit checks on your profile.

Applying to brokers instead gives you access to multiple offers in one application. That is, you apply once and get connected with a network of lenders in a few minutes. Some online platforms will charge additional fees for their loan searching services, while others, like iPaydayLoans, WeLoans, and US Installment Loans, don’t.

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iPaydayLoans is honest and transparent with our users. We partner with many reputable lenders and receive commissions from them to keep our team running. However, our services are free to use and there is no upcharge to you. Our content is the result of in-depth research done by our team independently. We're determined to become the trusted source for unbiased and accurate loan information.

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