---
title: "Which Banks Are Approving Personal Loans Right Now"
description: "Which banks are approving personal loans in 2026. Get the latest on credit requirements and application status from major lenders today."
author: "Troy Johnston"
published: "2026-03-19"
category: "Credit Education"
canonical: "https://www.stackeasy.ai/blog/which-banks-are-approving-personal-loans-right-now-2026-update"
source: "StackEasy.ai"
---

# Which Banks Are Approving Personal Loans Right Now

> **Quick Answer:** Wells Fargo, Discover, USAA, and US Bank still write unsecured personal loans as of August 2026. Chase, Bank of America, and Capital One do not, and Marcus by Goldman Sachs exited the business in January 2023. Discover's 660 is the only published credit-score floor among the 10 lenders checked for this guide; every other lender keeps its real cutoff private.

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[Blog](/blog)|Credit Education

Credit Education

Which banks are approving personal loans in 2026. Get the latest on credit requirements and application status from major lenders today.

[Troy Johnston](/about/troy-johnston)

Founder, StackEasy.ai · 8 min read

[Reviewed against our editorial policy](/editorial-policy/) · Card facts verified against the StackEasy card registry · Updated Aug 31, 2026

In This Article

1.  [Understanding the Current Personal Loan Landscape](#current-landscape)
2.  [Major Banks Approving Personal Loans in 2026](#major-banks)
3.  [Online Lenders That Are Approving Where Banks Are Not](#online-lenders)
4.  [Credit Score Requirements by Lender in 2026](#credit-requirements)

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Note

-   Discover publishes a firm 660 credit-score floor for personal loans; Wells Fargo, US Bank, and most other banks don't publish an exact number.
-   Submit rate-shopping applications within a 14-day window so multiple hard inquiries count as one for scoring purposes.
-   Keep your debt-to-income ratio below 43% before applying; most lenders treat that as the line between an easy approval and a manual review.

Wells Fargo, Discover, USAA, and US Bank still write unsecured personal loans as of August 2026; Chase, Bank of America, and Capital One do not, and Marcus by Goldman Sachs exited the business entirely in January 2023. Discover is the only one of the 10 lenders checked for this guide that states its credit-score floor outright, 660, directly on its own site; everyone else, including Wells Fargo and US Bank, keeps that number private and lets you apply blind or trust a third-party estimate instead.

These lenders offer personal loans ranging from about $1,000 to $100,000, with APRs that depend on your credit profile. Wells Fargo tends to compete on rate for well-qualified borrowers, while USAA and Discover offer more flexible term options for applicants with moderate credit.

## Personal Loan Lender Comparison (as of August 2026)

| Lender | Type | Credit Score Floor | Loan Amount Range |
| --- | --- | --- | --- |
| Discover | Bank | 660 (published directly by Discover) | $2,500-$40,000 |
| Wells Fargo | Bank | ~670 (not officially published) | $3,000-$100,000 |
| US Bank | Bank | ~680 (not officially published) | $1,000-$50,000 |
| PNC Bank | Bank | ~660 (not officially published) | $1,000-$35,000 |
| TD Bank | Bank | ~680 (not officially published) | $2,000-$50,000 |
| USAA | Bank (membership required) | ~660 (not officially published) | $2,500-$100,000 |
| SoFi | Online lender | ~680 (not officially published) | Up to $100,000 |
| LightStream | Online lender | Good-to-excellent credit (no published minimum) | Up to $100,000 |
| Best Egg | Online lender | ~640 (not officially published) | Up to $50,000 |
| Upgrade | Online lender | ~560 (not officially published) | Up to $50,000 |
| Score floors marked "~" are commonly reported by rate-comparison sites (Bankrate, NerdWallet), not the lender's own published minimum. Discover is the only lender here that states its 660 floor directly on its own site (confirmed against discover.com and NerdWallet, August 2026). Lenders can and do change published criteria without notice, so confirm on the lender's own site before applying. |

## Understanding the Current Personal Loan Landscape

The 2026 personal loan market splits into two lanes. Traditional banks like Wells Fargo, US Bank, and PNC reserve their best rates for applicants with FICO scores above 700, while online lenders have expanded approval down toward the high 500s for some products. If your credit sits between 620 and 680, you can realistically access both lanes, but only by checking the right lender first instead of guessing. The practical approach: pre-qualify with a soft credit pull, which doesn't touch your score, at one online lender and one credit union before you let any bank run a hard inquiry. That way you are comparing real, personalized offers instead of the published rate ranges in the table above, which may not apply to your file.

## Major Banks Approving Personal Loans in 2026

PRO TIP

Credit unions are often overlooked but can be worth checking: many approve personal loans faster and at more competitive rates than large banks for borrowers in the FICO 640-740 range, so it is worth getting a rate quote from a local credit union before committing to a major bank.

Wells Fargo advertises personal loans from $3,000 to $100,000, with APRs currently ranging from 6.74% to 26.74% (verified directly against wellsfargo.com and confirmed by NerdWallet, August 2026). The lowest rate requires a qualifying Wells Fargo checking account and autopay, not just a good score. US Bank is more selective and commonly reported around a 680 floor, though US Bank does not publish that number itself. Capital One does not offer personal loans at all, so do not waste time applying there.

Discover Personal Loans states its 660 credit-score floor directly on its own site, with loans from $2,500 to $40,000 and fixed rates from 6.99% to 24.99% and no origination fee (verified against discover.com and NerdWallet, August 2026). Marcus by Goldman Sachs is out of the game entirely: Goldman stopped making new Marcus personal loans in January 2023, so cross it off your list. If you already bank with one of these institutions, start there, but do not stop there if your score sits below their thresholds.

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## Online Lenders That Are Approving Where Banks Are Not

LendingClub and Best Egg have become the workhorses for borrowers that traditional banks reject. LendingClub operates as a peer-to-peer platform and approves applicants with scores as low as 600, with typical loan amounts between $1,000 and $40,000 and APRs from 7.04% to 35.99%. Best Egg requires a minimum 640 score but processes applications in minutes and funds approved loans within one business day. Upgrade offers personal loans starting at $1,000 with a 560 minimum score, and they report payments to all three credit bureaus, making them useful for borrowers trying to rebuild credit while accessing needed funds. These lenders will not give you the lowest rate on the market, but they will give you approval when your local bank says no, and that distinction matters more when you need the money now.

## Credit Score Requirements by Lender in 2026

The credit score landscape breaks down into clear tiers this year. Scores below 580 face rejection at nearly every traditional lender, but Avant and OppLoans specialize in this range. Avant's APR runs 9.95% to 35.99% (verified against avant.com, August 2026), while OppLoans, positioned as an alternative to payday loans, charges APRs from 99% to 195% (verified against opploans.com, August 2026), expensive but workable for genuine emergencies. Scores between 580 and 639 open doors at Upgrade and, from 600 up, LendingClub, with rates typically landing between 15% and 28%. The 640 to 699 range is where approval becomes reliable across most lenders, including Best Egg and US Bank, with rates dropping to the 10% to 20% range for qualified applicants. Scores of 700 or above unlock the best rate each lender offers.

560

Upgrade Minimum Score

Approves down to a 560 minimum score.

600

LendingClub Minimum Score

Approves applicants with scores as low as 600.

640

Best Egg Minimum Score

Requires a minimum 640 score to apply.

670

Major Bank Minimum Score

Most major banks require this score to qualify.

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⭐ StackEasy Bottom Line

StackEasy recommends pre-qualifying with a soft credit pull, which does not affect your score, at one online lender and one credit union before you let any bank run a hard inquiry. Comparing real, personalized rate quotes beats guessing from a published range, and pre-qualifying costs you nothing to check.

## Frequently Asked Questions

**Q: Do major banks like Chase and Bank of America offer personal loans?**
A: No. Chase, Bank of America, and Capital One do not offer unsecured personal loans, and Marcus by Goldman Sachs stopped making new loans in January 2023. Among major banks, Wells Fargo, Discover, USAA, US Bank, PNC, and TD Bank still run active personal loan programs with fixed interest rates.

**Q: How do online lenders like SoFi and LightStream compare to traditional banks in personal loan approval rates?**
A: Neither online lenders nor traditional banks publish official approval-rate percentages, so a direct head-to-head number isn't something either side discloses. What is published: SoFi and LightStream both offer pre-qualification with a soft credit pull, so you see a real, personalized rate before a hard inquiry hits your report, something most traditional banks won't do until you formally apply.

**Q: What minimum credit score is required to qualify for personal loan approval at major banks?**
A: Most major banks that still offer personal loans commonly report looking for a score in the mid-to-high 600s or better; Discover is the only one that states its exact floor, 660, directly on its own site. Banks don't publish official approval-rate percentages by score band, so treat any specific "X% approval" claim you see, ours included, with skepticism unless it cites a primary source. Applicants below the published range typically face rejection or get pushed toward a higher rate or a co-signer requirement.

**Q: Which specific banks are currently approving personal loans in 2026?**
A: Wells Fargo, Discover, USAA, and US Bank represent the major traditional banks actively approving personal loans as of August 2026. Online lenders including SoFi and LightStream also continue approving applications. These institutions represent the most accessible options for qualified borrowers seeking personal loan financing this year.

**Q: How quickly can I get funded after approval from online versus traditional lenders?**
A: Online lenders like SoFi and LightStream typically deliver funds within 1-3 business days after approval. Traditional banks usually require 3-7 business days for final verification and fund disbursement. Online lenders offer significantly faster turnaround times for approved applicants.

### Sources & Further Reading

-   [NerdWallet](https://www.nerdwallet.com/personal-loans/best), independent personal loan comparisons, approval-odds guidance, and lender reviews
-   [Bankrate](https://www.bankrate.com/loans/personal-loans/rates/), personal loan rate comparisons and lender reviews
-   [Consumer Financial Protection Bureau](https://www.consumerfinance.gov/consumer-tools/), federal consumer guidance on loans, credit, and borrower rights
-   [Federal Reserve (G.19 Consumer Credit)](https://www.federalreserve.gov/releases/g19/current/), official U.S. data on personal loan and consumer credit balances

Written by Troy Johnston

Credit stacking gave Troy an edge, but managing it was chaos. With 28 cards and no real system beyond spreadsheets, small mistakes became expensive. StackEasy didn't exist, so he built it to keep leverage organized and working in your favor.

[Connect on LinkedIn](https://www.linkedin.com/in/troyjohnston) · [stackeasy.ai](https://www.stackeasy.ai)

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*Published by Troy Johnston on StackEasy.ai. For the latest version of this article, visit [Which Banks Are Approving Personal Loans Right Now](https://www.stackeasy.ai/blog/which-banks-are-approving-personal-loans-right-now-2026-update).*