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Wells Fargo Bank

in Personal Lines of Credit

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Wells Fargo Bank

Unaffiliated

in Personal Lines of Credit

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Overview

Where does Wells Fargo Bank do business?

Wells Fargo Bank is a bank based in San Francisco, CA. It was founded in 1852 and offers personal lines of credit in 50 states (and Washington, DC).

What are the APRs offered via Wells Fargo Bank?

Wells Fargo Bank offers a personal line of credit that ranges from 9.5% up to 21%.

Does Wells Fargo Bank charge an origination fee?

No, Wells Fargo Bank does not charge an origination fee.

An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.

Does Wells Fargo Bank charge a cash advance fee?

No, Wells Fargo Bank doesn't charge a cash advance fee. Some lenders charge a cash advance fee every time borrowers withdraw cash from their line of credit. Typically, fees range from 0.5% to 10% of the amount withdrawn..

Does Wells Fargo Bank charge a late fee?

Yes, Wells Fargo Bank may charge borrowers a late payment fee.

Does Wells Fargo Bank charge prepayment fees?

No, Wells Fargo Bank does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the line of credit off and close the account.

How much can you borrow via Wells Fargo Bank?

Personal lines of credit start at $3,000 and go up to $100,000.

What do you need to qualify for a line of credit with Wells Fargo Bank?

Wells Fargo Bank doesn’t disclose its credit score minimum.

Wells Fargo Bank only considers borrowers who are employed.

Active duty servicemembers and their covered dependents are eligible to apply for a line of credit via Wells Fargo Bank. Their rates fall within the limits of The Military Lending Act.

To qualify, applicants may need to provide the following documentation:

  • Proof of identity
  • Recent pay stubs
  • Proof of income

What is the estimated funding time for a personal line of credit via Wells Fargo Bank?

Wells Fargo Bank will typically approve (or deny) a line of credit application within 24 hours and fund personal lines of credit within 3 business days of approval.

Does Wells Fargo Bank report payments to credit bureaus?

Wells Fargo Bank may report credit data to the following credit reporting agencies:

    \
  • Equifax
  • Experian
  • Transunion
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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Fees
No Origination Fee
 
No Prepayment Fee
 
List of Fees
Annual Fee
$25
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Joint Loan Applications Accepted
  • Co-borrower
Verification Documents Required
  • Proof of Identity
  • Proof of Income
  • Proof of Residence
  • Recent Pay Stubs
Dollar Amount
Loan Amount
$3K - $100K
    $25 $100K
Percentage
APR
9.5% - 21%
    6% 250%+

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