When you need fast money for debt consolidation, home projects, or unexpected expenses, it is natural to look for a Chase personal loan.
However, at the moment, Chase does not offer a traditional unsecured personal loan product to individual consumers.
Instead, Chase provides other borrowing options, especially My Chase Loan, a feature attached to certain Chase credit cards.
What Is My Chase Loan?
My Chase Loan is a feature available on some Chase credit cards. It allows you to take a portion of your available credit limit and turn it into a loan.
From your point of view, this works similarly to a personal loan. You receive a lump sum and repay it over time at a fixed APR.
The key difference is that the loan is tied to your credit card and uses your existing credit line, which can affect your overall credit utilization.
My Chase Loan Interest Rates
The APR for My Chase Loan is usually in the same range as the purchase APR on your credit card.
While exact numbers vary by card and by customer, recent cardholder disclosures show a typical range of about 18.24% to 27.99% (variable).
The APR you receive depends on your credit profile, your specific card product, and the current prime rate.
Sometimes Chase may offer promotional fixed APRs for limited periods, which could be lower than your standard rate.
How to Apply for My Chase Loan
You do not submit a separate in-branch application for My Chase Loan.
Instead, Chase decides which cardmembers are eligible and shows offers if your account meets their internal criteria.
1. Log In to Your Chase Account
First, sign in to Chase Online or the Chase Mobile app using your existing login.
If you have multiple credit cards, choose the specific card where you want to check for a loan offer.
2. Look for the “My Chase Loan” Option
Inside your account dashboard, search for the “My Chase Loan” option.
In many cases, it appears as a link, button, or banner when your account is eligible.
If you do not see it, there may not be an offer available for that card at the moment.
3. Choose Amount and Term
Select the loan amount, up to the maximum that Chase allows from your available credit.
Choose a repayment term, such as several months or more than a year.
Review the APR, finance charges, and estimated monthly payment displayed on screen.
At this stage, you can still cancel or adjust the amount and term until you are comfortable with the monthly payment and total cost.
4. Confirm and Receive Funds
The funds are typically deposited to your bank account or applied according to the option you choose.
The My Chase Loan then appears as part of your credit card balance, with a separate line for the loan portion on your statement.
You repay it through your monthly card bill, following the schedule shown when you accepted the offer.
Paying at least the total payment due every month is important to avoid late fees and additional interest. Paying more than the minimum will help you reduce interest costs faster.
How to Get Approved Fast
For My Chase Loan, approval is mostly based on your existing relationship with Chase and your account history.
You cannot force an offer to appear, but you can make your profile more attractive over time:
- Pay on time every month and avoid late payments.
- Keep your credit utilization reasonable across your Chase card and other cards.
- Avoid returned payments and patterns that signal financial stress.
- If you decide you need a traditional personal loan from another lender, you can still move quickly by:
- Checking your credit score and correcting any errors in your credit reports.
- Using pre-qualification tools from reputable lenders to see estimated APRs without hard checks.
Chase Phone Number and Address
Chase Personal Banking Customer Service (U.S.): 1-800-935-9935
This line can connect you to representatives who handle checking, savings, and credit card questions.
You can also send secure messages or use chat options inside Chase Online or the Chase Mobile app, once logged in.
For reference, the main corporate address of JPMorgan Chase & Co. is 270 Park Avenue, New York, NY 10017, United States.
Alternatives
Here’s a simple comparison of My Chase Loan with major U.S. personal loan competitors.
| Lender / Product | Type of Loan / Feature | Typical APR Range (as of 2025) | Loan Amounts | Fees (Origination / Prepay) | Credit Check / Notes |
|---|---|---|---|---|---|
| Chase – My Chase Loan | Credit-card-based loan using existing Chase card limit | ~18.24%–27.99% (variable) | Uses part of card limit | No separate origination fee; interest only | No new hard inquiry; you must already have an eligible Chase credit card and offer available |
| Wells Fargo Personal Loan | Unsecured personal loan | 6.74%–26.49% APR (with discount) | $3,000–$100,000 | No origination fee and no prepayment penalty | Standard application with hard credit check; relationship discount may lower APR |
| Discover Personal Loan | Unsecured personal loan | 7.99%–24.99% APR | $2,500–$40,000 | No origination fee; no prepayment penalty (per current terms) | Hard credit check at final application; pre-qualification with soft check available |
| SoFi Personal Loan | Unsecured personal loan (often used for larger amounts) | About 8.99%–35.49% APR with autopay | $5,000–$100,000 | 0%–7% origination fee depending on profile; no prepayment penalty | Soft-credit pre-qualification, then hard check if you proceed; focuses on higher-credit borrowers |
| Marcus by Goldman Sachs | Unsecured personal loan focused on debt consolidation and personal use | 6.99%–19.99% APR | About $3,500–$40,000 | No sign-up, late, or prepayment fees (per current terms) | Hard credit inquiry at application; strongest terms for borrowers with very good credit |
Conclusion – Is a Chase “Personal Loan” a Good Fit?
You may be able to use My Chase Loan to turn part of your existing card limit into a fixed-payment loan, often with APRs in the high teens to high twenties.
This can be convenient if you already have a Chase credit card and receive an offer, but you should compare it with personal loans from other lenders.
If you want to get approved quickly, focus on good credit habits, organize your documents, and compare multiple offers before deciding.
Disclaimer: This article is for general informational purposes only and is not financial, legal, or tax advice. Loan products, interest rates, eligibility rules, and contact details can change at any time, and they can vary by customer and location. Before applying for any loan or credit product, you should verify all current terms directly with Chase and with any other lender you are considering, and consult a qualified professional if you need personalized advice.
