City National Bank Personal Loans Review

(April 2024)

City National Bank Personal Loans Review

In This Article

Our Verdict

If you’re in California, Nevada, New York, Georgia, Tennessee, or Washington DC, then listen up because this bank has got some great financial products and services for you.

One of its standout products is its loans, which can come in handy for a variety of purposes. Need to consolidate your debt? Want to make some home improvements? Or maybe you’ve got some unexpected expenses to cover? Whatever the reason, City National Bank’s loans have got you covered.

But that’s not all, their interest rates are super competitive, and their repayment terms are flexible, which is always a plus when you’re taking out a loan. Plus, with their strong reputation as a traditional bank lender, you can trust that you’re in good hands.

But hold up, before you get too excited, be informed about their limited geographic footprint. Unfortunately, City National Bank doesn’t offer loan products and services to everyone. And their strict qualification requirements can make it even more challenging to access their loans.

So there you have it, City National Bank has some pretty great personal loan options, but it’s important to keep in mind their limited availability and strict requirements. If you’re lucky enough to be in their service area and meet their qualifications, then you might just find the perfect loan for your needs.


  • Competitive interest rates
  • Flexible repayment terms
  • Wide range of financial products and services
  • Strong Reputation
  • Personalized service


  • Limited geographic footprint
  • Strict qualification requirements
  • Higher fees
  • Slow loan processing times
  • Limited online services

Who This Product Is Best For

City National Bank

City National Bank’s loans are best suited for you if you:

  • Live in California, Nevada, New York, Georgia, Tennessee, or Washington DC
  • Have a strong credit history
  • Are looking for competitive interest rates and flexible repayment terms

Who This Product Isn't Right For

City National Bank’s loans may not be the best fit for you if you:

  • Live outside of the bank’s service areas
  • Have poor credit or limited credit history
  • Need funding quickly

What This Product Offers

  • Loan amounts ranging from $5,000 to $50,000
  • Fixed interest rates with APRs ranging from 7.49% to 18.00%
  • Loan terms ranging from 12 to 60 months
  • No prepayment penalties
  • The quick and easy online application process

Product Details

Listen up, folks! City National Bank has got some sweet personal loan options that you don’t want to miss out on. These loans are unsecured, which means you don’t need to put up any collateral to secure the loan. How awesome is that?

But that’s not all. The loan amounts range from $5,000 to $50,000, which is perfect for those who need a little bit of cash to cover unexpected expenses or to fund a home renovation project. And the best part is, you get to choose the repayment term that works best for you, whether that’s 12 months or 60 months.

Moving on to interest rates. City National Bank proffers fixed interest rates, you don’t have to worry about your interest rate fluctuating over time. The APRs range from 7.49% to 18.00%, which is super competitive compared to other lenders out there.

And get this: there are no prepayment penalties, you can pay off your loan early without any extra fees or charges! How amazing is that? So, if you come into some extra cash and want to pay off your loan early, you can do so without any worries.

Overall, City National Bank’s loan options are a fantastic choice if you need some extra cash without having to put up any collateral. With competitive interest rates, flexible repayment terms, and no prepayment penalties, you can’t go wrong.

Loan amount

$5,000 – $50,000


7.49% – 18.00%


12 – 60 months

Repayment schedule



No prepayment penalties


California, Nevada, New York, Georgia, Tennessee, and Washington DC

Funding speed

Varies based on the application

Where This Product Stands Out

Competitive Interest Rates

Go along with City National Bank’s loans if you need some of the most competitive interest rates out there, you could save money over the life of the loan. That’s a huge plus, make sure you take advantage of it!

No Prepayment Penalties

City National Bank won’t penalize you for paying off your loan early, Unlike some lenders out there. That means you can pay off your loan as quickly as possible without worrying about any extra fees or charges. So, if you come into some extra cash and want to pay off your loan early, you can do so without any worries.

Flexible Repayment Terms

City National Bank offers flexible repayment terms ranging from 12 to 60 months, which means you can choose the repayment plan that works best for you. Whether you want to pay off your loan quickly or stretch out the payments over a longer period, City National Bank has got you covered.

No Collateral Required

City National Bank’s loans are unsecured, which means you don’t have to put up any collateral to secure the loan. That’s a big deal, especially if you don’t have any assets to use as collateral.

Personalized Service

City National Bank is known for providing personalized service to its customers, so you’ll get the attention you deserve. That means you can expect a smooth and transparent loan process from start to finish, with knowledgeable and friendly customer service representatives ready to assist you every step of the way. So, if you’re looking for a lender that truly cares about its customers, look no further than City National Bank.

Where This Product Falls Short

Limited Availability

City National Bank’s loans are only available in six states and Washington DC, which may be a downside for borrowers outside those areas. If you live outside these states, you’ll need to look elsewhere for a personal loan.

Strict Qualification Requirements

City National Bank has relatively strict qualification requirements for its loans, which may make it difficult for some borrowers to qualify. You’ll need to have a strong credit history and a good debt-to-income ratio to be considered.

Longer Funding Time

City National Bank’s funding time varies based on the application, it may take longer to receive your funds compared to other creditors. If you need money quickly, you may want to consider other loan providers with faster funding times.

Limited Loan Amount

City National Bank’s loans have a maximum loan amount of $50,000, which may not be enough for borrowers with larger financing needs. If you need more money than this, you’ll need to look for a lender that offers higher loan amounts.

How to Qualify for This Product

To qualify for a personal loan from City National Bank, you need to meet these requirements:

  • Be a U.S. citizen or permanent resident
  • Be at least 18 years old
  • Live in California, Nevada, New York, Georgia, Tennessee, or Washington DC
  • Have a minimum credit score of 680
  • Have a minimum annual income of $60,000
  • Have a debt-to-income ratio of 40% or less

Great news! You don’t need collateral to secure a personal loan from City National Bank. But before you apply, keep in mind that the bank will still look at your credit history, income, and other factors to assess your eligibility for financing.

How to Apply for This Product

Ready to apply for a personal loan from City National Bank? You’ve got options! You can apply online from the comfort of your own home, or visit a local branch if you prefer a more personal touch. Either way, the bank’s application process is super simple and fast. You could get a loan decision in as little as 24 hours! Just make sure to have your personal and financial information handy, including

  • your name
  • address
  • income
  • employment status, to streamline the application process.

Alternatives to This Product

Online lenders

Looking for a quick and convenient way to get a personal loan? Online lenders have got you covered! Don’t miss out on some great options like SoFi, Marcus by Goldman Sachs, and LendingClub, which offer competitive interest rates and flexible repayment terms.

Credit unions

Want to save money on interest rates and get more flexible loan options? Join a credit union! These non-profit financial institutions can offer you personal loans with great terms and requirements that fit your needs. As a member, you’ll get exclusive access to their products and services

Credit cards

Need to borrow a small amount of money and pay it back over time? Consider getting a credit card! These cards often come with an introductory 0% APR period, which can save you money on interest charges. Don’t wait any longer to get the funds you need! Apply for a credit card today and enjoy the benefits of borrowing money with a lower interest rate.

Customer Reviews

City National Bank has a strong reputation for customer service and support, with many customers praising the bank for its personalized approach to banking and commitment to customer satisfaction. However, some customers have reported longer processing times for loan applications and strict qualification requirements that may make it difficult for some borrowers to access financing.


We reviewed City National Bank personal loans based on 35 data points in the categories of loan details, loan costs, eligibility and accessibility, customer experience, and the application process. We rated Chase business loans based on the weighting assigned to each category:

Loan cost: 35%
Loan details: 25%
Customer experience: 20%
Eligibility and accessibility: 10%
Application process: 10%

Within each major category, we also considered several characteristics, including available loan amounts, repayment terms, and applicable fees. We also looked at minimum credit scores and time in business requirements and the geographic availability of the lender.

Finally, we evaluated Chase business loans, customer support tools, borrower perks, and features that simplify the borrowing process—like online applications, prequalification options, and mobile apps.

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