Banks make money by taking in deposits and lending out money, at a profit. While larger banks might not offer competitive rates, it can't hurt to hear their pitches. Here are the rates some of the largest banks offer on personal loans.

Wells Fargo & Co. (WFC)

Wells Fargo offers loans from $3,000 to $100,000, with no origination or prepayment fees. It's quick to make decisions--often approving loan applications in as little as 15 minutes. Rates hover between 6% and 8% for those with excellent credit.

Toronto-Dominion Bank (TD)

TD Bank’s loans range from $2,000 to $50,000. You can either lock in monthly payments with a traditional unsecured personal loan, acquire a personal unsecured line of credit, or pledge collateral with a secured loan. Each of these options carries different terms, but for the regular unsecured personal loan, expect an interest rate just under 10%.

Citigroup Inc. (C)

Citi takes a members-only approach to granting personal loans. Applicants must hold either "at least one month of tenure" on a deposit account with the bank, a linked Citi mortgage, or a Citi credit card. You’ll also need least $10,500 in annual income. If approved, you’ll receive your check in the mail within five business days. Citi’s loan start at $2,000 and go up to $50,000, with rates ranging from 9.99% to 14.99% on a $10,000 loan.

U.S. Bancorp (USB)

Also a members-only bank, U.S. Bank offers personal loans and lines of credit. You can get a loan from $3,000 to $25,000 with an interest rate as low as 8.99%. If using your loan to make energy-efficient improvements on your home, you may qualify for a lower rate. There are no annual fees or collateral requirements, however the loan will have an origination fee of approximately $50. You can apply online if you’ve been a customer for more than 120 days.

PNC Financial Services Group Inc. (PNC)

The seventh largest bank in the United States in terms of total assets, PNC offers personal loans of $1,000 to $100,000, depending on the loan type. Like other banks, PNC offers fixed amount loans or lines of credit – either secured or unsecured. Rates are as low as 7.74% depending on the size of the loan.

SunTrust Banks, Inc. (STI)

SunTrust owns LightStream, a lender that makes loans for “practically anything,” according to its marketing materials. LightStream operates solely online, but offers comparatively lower rates, than other banks. If you’re refinancing a car and have excellent credit, your rate could be as low as 1.99%, depending on size and length of the loan. You can apply and receive the money the same day, and if your loan experience isn’t easy and convenient LightStream will give you $100.  

The Bottom Line

When seeking out a personal loan, find the bank that offers the best rates and options, to fit your specific needs.