Taking out a personal loan is a big decision to make, as is choosing the right bank that offers it. As a general rule, do not just go for the first one that you see. A little further research may help you find better rates and more options that work for you instead of the other way around. Below are more information about the biggest banks that provide personal loans and why you should, or should not, take their money.

US Bank

Are you taking out a personal loan for home improvement, specifically energy-efficient ones? Choose USB. You may qualify for a lower rate. Currently, loans can be obtained from $3,000 to $25,000 with an interest rate as low as 8.99%.The origination fee is about $50 but there are no annual fees or collateral requirements. Also, you have to be a member of the bank, or at least a customer for over 120 days.

Citigroup Inc.

Another members-only bank, Citi offers loans starting at $2,000 to $50,000. Interest ranges from 7.99% to 17.99%. To qualify, you must have at least $10,500 in annual income and must have been banking with Citi for at least a month. This means you must have an existing deposit account with the bank, a linked Citi mortgage, or Citi credit card for at least a month before applying for your loan. If approved, your check arrives in the mail within five business days.

Wells Fargo & Co

Do you have excellent credit? Your loan application may be approved in as little as 15 minutes with WFC. Loans range from $3,000 to $100,000, without any origination or prepayment fees. It charges 7% or 8% interest. WFC makes it sound really simple and straightforward, doesn’t it?

Toronto-Dominion Bank

You have plenty of options with TD so go to them if you seek flexibility. It offers loans from $2,000 to $50,000, with varying interest rates depending on the kind of loan you obtain. For instance, you can choose a traditional unsecured personal loan and have fixed monthly payments, acquire a personal unsecured line of credit, or pledge collateral with a secured loan. Each option has its own unique terms and will serve you differently depending on your needs.

Measure your needs against the features of a bank before choosing where to obtain your personal loan. By selecting the right match, you make it easy for yourself, not only to get approved, but also to repay the money that you owe. Good luck!