3 Banks That Offer Personal Loans Without a Hard Inquiry—Up to $40,000

melanieg022015
May 19
3 min read

Looking for a personal loan without tanking your credit with a hard inquiry?

This post is for you.

Below are 3 trusted banks offering soft-pull personal loans—meaning you can check your offers (and even get funded) without hurting your score. We’re also sharing approval tips, how to get into their systems if you’re not already a customer, and how to use these loans to grow—not just borrow.

🏦 1. American Express – Loans Up to $40,000

American Express offers personal loans between $3,500 and $40,000, with repayment terms from 12–60 months. These loans come with:

✅ No origination or prepayment fees
✅ Soft pull pre-approval (no impact to your credit)
✅ Fast funding (as little as 1 business day)
✅ Fixed APRs ranging from 6.9% to 19.97%

📌 To qualify: You must be a current Amex cardholder who’s received a pre-approval offer. Need a card first? Try the Blue Everyday, Hilton Honors, or Delta SkyMiles card—some users qualify with scores as low as 640.

Pro Tip: Once you’re in Amex’s ecosystem, many future products, including business cards, become available through soft pulls.

🏦 2. Citibank – Flex Loan Option

Citibank offers personal loans through a unique Flex Loan feature. It turns your existing Citi credit line into a fixed-rate personal loan—with no new inquiry, application, or origination fees.

✅ Loan amounts: $500 and up
✅ Terms: 12 to 60 months
✅ No hard pull or extra application process
✅ Lower fixed APR than your credit card

📌 Not a Citi customer yet? Use their soft-pull credit card pre-approval tool (available most of the time). One of the easiest cards to get started with is the Citi Double Cash, with some approvals as low as 580.

🏦 3. Chase – My Loan Tool for Existing Customers

If you already have a Chase credit card, their My Loan feature allows you to borrow directly against your credit line—again, with no hard inquiry.

✅ Minimum loan: $500
✅ Terms: 12, 18, or 24 months
✅ Fixed APR (often lower than your purchase rate)
✅ No origination or prepayment fees

📌 Trying to get in with a lower score? Start with the Chase Freedom Rise—it’s designed for new-to-credit users and can be unlocked with a $250 secured deposit and a Chase checking account.

💼 Use These Loans to Build, Not Borrow

Instead of racking up debt on depreciating expenses, think bigger:

Fund a side hustle
Consolidate high-interest debt
Launch your business into a new season

📈 Want expert help with funding and scaling your business? Join the Elite Business Circle—our exclusive community for established business owners. Learn to build business credit, secure high-limit lines, and boost your income with proven strategies.