1. US Bank offers rate reduction options for personal loans for current customers with excellent credit scores.
2. TD Bank allows for consolidation of finances and offers investment options, but is best suited for those with at least $750,000 in assets.
3. American Express offers personal loans to select individuals with lower interest rates and added protection in case of unforeseen events.
4. PenFed Credit Union offers membership to anyone and has a member discount program, but requires a minimum balance of $5 in a savings account to become a member.
5. Discover offers flexible options with a 30-day money-back guarantee and the ability to refinance in the future, but cannot be used to consolidate debt from a Discover credit card.
6. US Bank’s personal loan has limitations including a reduced loan limit of $25,000 and a requirement to visit a branch to close the loan for non-customers.
7. TD Bank’s personal loans are not widely available across the country and cannot have co-signers or co-borrowers.
8. Discover’s personal loan cannot be applied for with someone else and repayment of funds is needed if used to consolidate debt from a Discover credit card.
The article provides an overview of five different lenders for personal loans, highlighting their strengths and limitations. The lenders include U.S Bank, TD Bank, American Express, PenFed Credit Union, and Discover.
– U.S Bank offers rate reduction options for existing customers with excellent credit scores, but loan limits are restricted to $25,000 and loan terms to five years.
– TD Bank allows users to consolidate finances and explore investment options, but its services are best suited for individuals with at least $750,000 in assets. Its personal loans also have limitations, such as no option to add co-signers or co-borrowers.
– American Express offers exclusive invitations to eligible customers for personal loans with low-interest rates and added protection in case of unforeseen events.
– PenFed Credit Union provides membership to anyone who is interested, but applicants must open a savings account and maintain a minimum balance of $5.
– Discover offers great rates and a 30-day money-back guarantee, but users cannot consolidate debt from Discover credit cards and cannot apply for a personal loan with another person.
Overall, the article suggests that each lender has its own strengths and limitations, and it is important to carefully consider each option based on individual needs and circumstances.
Bullet Summary:
– U.S Bank: Rate reduction options for existing customers with excellent credit scores; loan limits and terms are restricted.
– TD Bank: Allows users to consolidate finances and explore investment options, but best suited for individuals with at least $750,000 in assets; no option to add co-signers or co-borrowers.
– American Express: Offers exclusive invitations to eligible customers for personal loans with low-interest rates and added protection.
– PenFed Credit Union: Provides membership to anyone who is interested but requires opening a savings account and maintaining a minimum balance of $5.
– Discover: Offers great rates and a 30-day money-back guarantee, but cannot consolidate debt from Discover credit cards and cannot apply for a personal loan with another person.