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Comerica Personal Loans Calculator & Overview

Updated 19 Aug 2023

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Comerica Incorporated is a bank established in 1849. This Dallas-based financial services company currently has $90 billion in assets and is among the 25 largest U.S. banking companies. Comerica offers a wide range of personal finance services, including checking and savings accounts, web and mobile banking, and credit cards.

When used wisely, a personal loan can help you fill a financial gap without putting your personal assets at risk. Whether it’s unanticipated expenses or planned purchases, things such as medical bills, school fees, wedding planning, or business costs are inevitable. So, how to determine if a personal loan from Comerica is right for you? View your estimated monthly loan repayments with the Comerica personal loans calculator.

Personal loans have an annual percentage rate (APR) varying from around 3% to 36% APR. The interest rates you can receive will depend on a range of factors, such as your credit score, income, and debt-to-income ratio. On a loan of $10,000 over 5 years, the cost could vary between $10,781 and $21,680. The interest cost is between $781 and $11,680.

Comerica personal loans in a nutshell

Comerica offers personal loans with potentially low rates for qualified applicants. Get the money you need without having to put anything up as collateral. Use the funds to finance big purchases, home repairs, moving costs, and more.

Here is a summary of the key features and benefits of a personal loan from Comerica:

Loan amounts: as low as $5,000 and as high as $275,000
Loan terms: up to 8 years depending on loan amount and terms
Repayment frequency: Monthly
Loan flexibility: 3 days for most customers
Loan fees: $0 origination fees
Interest rates: starts at 12.85% APR
Required credit score: FICO score of at least 550

Requirements for a Comerica personal loan

To get a personal loan from Comerica, you must submit the following requirements:

Proof of identity (driver’s license, birth certificate, social security card, passport)
Proof of residence (utility bill, lease or rental agreement, mortgage statement, property tax receipt)
Proof of employment for traditionally employed individuals (paystubs, W-2s and 1099s, employer statement)
Income verification for self-employed individuals or business owners (tax returns, bank statements, annuity statements)

Comerica personal loan calculator

Loan amount

Term

Provider

Product Information

EST Monthly
Repayment

Interest
Rate

Repayment
Period

Loan
Amounts

Sort loans by

Loan Amount

$20,000

Term

3 months

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Comerica personal loans

Estimated Month Repayments

$837 Inclusive of fees

Interest Rate

28.90%
APR

Repayment Period

12 months
to 60 months

Loan Amounts

1000
to $20,000

Go to site

When you reach a certain point, you expect more from your bank than just another loan. You expect knowledge, expertise and sound advice to help you reach your financial goals. At Comerica, our relationship managers can help you put your financial plan in action with a personal loan.

Featured

Wells Fargo personal loans

Estimated Month Repayments

$606 Inclusive of fees

Interest Rate

5.74%
APR

Repayment Period

12 months
to 84 months

Loan Amounts

$3,000
to $10,000

Go to site

Checking and savings accounts and credit cards for your everyday business expenses and cash management.

Featured

Eastman Credit Union personal loans (Shared Secured Personal Loan)

Estimated Month Repayments

$848 Inclusive of fees

Interest Rate

29.90%
APR

Repayment Period

12 months
to 12 months

Loan Amounts

$1,000
to $20,000

Go to site

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Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.

Frequently asked questions

What are Comerica’s minimum and maximum loan amounts for its personal loan products?

Comerica Bank offers personal loans between $5,000 and $275,000.

Does Comerica Bank charge an application or origination fee?

Comerica Bank personal loans have no application or origination fees.

Can I apply for a Comerica personal loan if I have a low credit score?

Comerica requires borrowers to have a FICO score of at least 550. If your credit score is lower than this figure, work to improve it so you can boost your chances of approval.