5 Smart Alternatives to Personal Loans from Bank of America
For consumers looking to pay off significant purchases, consolidate debt, or pay for unforeseen costs, personal loans are a common source of funding. However, because of their high interest rates and stringent qualifying conditions, personal loans from Bank of America might not always be the best choice. This post will look at five personal loan alternatives to Bank of America that may provide more flexible terms and lower interest rates. The problem with Bank of America personal loans Bank of America's personal loans can have high interest rates and strict eligibility requirements. They might not be the greatest choice for people with bad credit, and secured loans' collateral requirements can be onerous. A look at 5 smart alternatives Here is a summarized table comparing the information provided for personal loans from U.S. Bank, Wells Fargo, SoFi, LightStream, and Marcus: Lender Minimum Credit Score APR Range Loan Amounts Additional Details 680 8.74% to 21.24% $1,000 to $50,0