The Top 7 Banks to Get a Loan From in Minnesota - King Feed

The Top 7 Banks to Get a Loan From in Minnesota

 We all know the feeling. Getting your new home, buying a new car. Or opening your own business. It's exciting, nerve-racking and all you wanna do is to get everything done right. We have looked at many Bank options in Minnesota and found the Top 7 Banks you should consider getting a loan from for your financial needs.


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1. JPMorgan Chase
On top of our list for Minnesota is JPMorgan Chase. It has one of the safest and stable finances in the Finance Banking industry and is the biggest US Based bank by Market Cap. JPMorgan Chase holds $3.19 trillion in assets. This makes it the largest bank in the country, and one of largest in the world.


It provides many types of Financing to fit your exact needs. Whether you're a company or individual. You can get loan to buy a home, invest in a small (or a big) Business, buy a car or other personal reasons, you can get it. 

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2. Bank of America
Our second choice is Bank of America. It's strong customer base and extended track record provide a stable environment that can help you finance your needs. It provides various options for Auto Loans, Housing Loans and again you can do it as an Individual for your own needs or as a Business to cover your company needs.  

Their website has really useful calculators that you can use to calculate your interest rates and total Loan cost and if you can even start your application online if you feel ready. If you are applying for a Home Loan they offer a tool which can help you find a home. 


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3. Wells Fargo
Another great option we suggest as our 3rd choice is Wells Fargo. Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California, operational headquarters in Manhattan, and managerial offices throughout the United States and internationally. 


Wells Fargo probably offers the most options when it comes to the type of Loan you can get and it's usually a bit easier getting a Loan with this Bank if you are just getting started and don't have much credit history. This could be the best option for smaller loans such as personal expenses or for a need that's less than $10,000.

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4. Citibank/Citigroup
Next up on our list is Citibank. A pioneer of both the credit card industry and automated teller machines, Citibank was regarded as an East Coast equivalent to Wells Fargo during the 19th century when both banks were purely regional. Today, the bank has nearly 1,000 branches in the U.S. and a couple hundred in the rest of the world.

Citibank is another great option you should consider. This Bank focuses more on Home and Personal Loans and has a strong record of good customer service.

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5. TD Bank
TD Bank, N.A., is an American national bank and subsidiary of the Canadian multinational Toronto-Dominion Bank. It has a strong record of 170 years in business and is more focused on Investing and Investment products so they could be a good option to get a Loan for your personal needs, Investment ideas or a Small Business.

If you are a Student and need to pay for any school expenses such as rent, books, college tuition or anything else, TD Bank could be a good option for you to get your loan without much(or any) credit history. Their Student plan is called Student Line of Credit and you can start paying it off 24 months after leaving school. 

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6. HSBC

HSBC Bank USA, National Association, an American subsidiary of UK-based HSBC, is a bank with its operational head office in New York City and its nominal head office in McLean, Virginia


This bank could be a better option for Expats, people moving to the US and/or UK residents. As it's a UK based Bank, it could be easier for you to get a loan from them. They have a whole team and page on their website dedicated for people moving to the USA. They offer various loan options such as House Loans, Personal Loans and Financing for Business and or commercial purposes.

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7. Charles Schwab 

The Charles Schwab Corporation is an American multinational financial services company. It offers banking, commercial banking, an electronic trading platform, and wealth management advisory services to both retail and institutional clients. 
 
Charles Schwab is a great option for people who want a Loan for investment/Trading purposes for stocks or other securities as they offer many Margin Loan options which means you can borrow against the securities you already hold in your brokerage account. They also offer Home Loans and Auto Loans. 


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This article is our opinion and it's not expert financial advice. 


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