Commerce Bank
Is This Your Business?5.0
Author: Kaitlyn Short
Commerce Bank was founded in 1865 and operates in the states of Missouri, Kansas, Illinois, Oklahoma and Colorado. It has been featured multiple times on Forbes' list of America's Best Banks and is number six on ABA Banking Journal magazine's list of Top Performing Big Banks with assets over $10 billion. The company offers personal loans such as auto loans, home equity loans, private student loans, and more.
Top Ranked Companies
The Good
- Specific Types of Personal Loans
- Online Tools Such as Loan Calculators
- Receive Same-Day Funds
Specific Types of Personal Loans Online
Commerce Bank offers a variety of different personal loans ranging from auto loans to private student loans and many things in between. The minimum lending amount is typically around $7,000.
Tools Such as Loan Calculators
The Commerce Bank also offers a variety of tools on their website to help customers calculate how much money they will be paying in interest over the course of their loan.
Receive Same-Day Funds
The consumer can receive funds by check as soon as the same day they're approved. Direct deposit is available for some options.
The Bad
- Only Available in Missouri, Kansas, Illinois, Oklahoma, or Colorado
- Not Much Upfront Information
- Service Quality May Vary According to Branch
Only Available in Missouri, Kansas, Illinois, Oklahoma, or Colorado
Commerce Bank only serves people living in the state of Missouri, Kansas, Illinois, Oklahoma or Colorado. This isn't impressive considering that some of the industry's leading competitors can serve nearly every state in the country.
Not Much Upfront Information
There's not much upfront information considering maximum loan amounts or lengths is mentioned.
Service Quality May Vary According to Branch
Service quality may vary, depending on which branch you go to.
The Bottom Line
It's hard to tell exactly what prices are offered from Commerce Bank at first glance. Although they offer many different options for personal loans, no maximum amount or length is specified unless you apply. Geographically, the company is also very limited. The consumer would do well to compare services to other industry leaders before deciding to go with Commerce Bank.
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Review Source
Robert Ashbee Mason, OH
2 years ago Edited August 16, 2022
