Banks offer large amounts of loans, low APR, and great terms. Banks approve only people with excellent credit. Even if you meet their criteria, banks can require you to securitize your loan or add a cosigner.

Banks don’t offer loans for people with bad credit.

Credit cards are more profitable than loans for banks. That is why you can expect better credit card offers because of the huge competition between banks.

If you plan to search for a bank loan, we highly recommend starting with SuperMoney. They are the best loan comparison site. Once you register with them, you will be matched with many online lenders, credit unions, and banks. In fact, they work with all big lenders in America. They can help you save time and find the best offer. Apply now and get offers in minutes!

You won’t receive any spam from them!

They don’t get a percentage from your loan. If you get a loan from them, they only get a small percentage from the lender, not from you, which means that your loan wouldn’t become more expensive.

ElitePersonalFinance found the best banks for personal loans of January 2025!