Commerce Bank Logo
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LAST UPDATED: August 16th, 2022

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.

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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. 

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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. 

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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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Robert Ashbee Mason, OH

Commerce Bank is a joy to work with. They arranged & loaned me around $7,500 to do some bill consolidation about 2 years ago. Their rates & customer service is second to none. Highly recomend that you give them a try. They now have a 3.99% APR for as long as you need it to payback the loan. Kudos

2 years ago Edited August 16, 2022