Wells Fargo Personal Line of Credit
in Personal Lines of Credit from Wells Fargo BankUnaffiliated
Wells Fargo Personal Line of CreditUnaffiliated
in Personal Lines of Credit from Wells Fargo Bank
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|Community Rating||Mostly recommended|
|APR (Variable APR)||9.5% - 21%|
|Loan Amount||$3,000 - $100,000|
Wells Fargo Personal Line of Credit Review
Wells Fargo Personal Line of Credit is offered by Wells Fargo Bank, a bank founded in 1852 and based in San Francisco, CA. Wells Fargo Personal Line of Credit is offered in 50 states (and Washington, DC).
What APRs does Wells Fargo Personal Line of Credit offer?
Wells Fargo Personal Line of Credit offers a variable APR product that ranges from 9.5% APR up to 21% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
Does Wells Fargo Personal Line of Credit charge an origination fee?
No, Wells Fargo Personal Line of Credit 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 Personal Line of Credit charge a cash advance fee?
No, Wells Fargo Personal Line of Credit 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 Typically, fees range from 0.5% to 10% of the amount withdrawn.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 Personal Line of Credit charge a late fee?Yes, Wells Fargo Personal Line of Credit may charge borrowers a late payment fee.
How much can you borrow via Wells Fargo Personal Line of Credit?
Upon approval and based on your credit worthiness, your Wells Fargo Personal Line of Credit personal line of credit will be assigned a credit line of at least $3,000 and as much as $100,000. .
|Cash Advance Fee||N/A|
|Late Payment Fee||N/A|
What do you need to qualify for Wells Fargo Personal Line of Credit?
Wells Fargo Personal Line of Credit does not require or does not disclose a credit score minimum.
Wells Fargo Personal Line of Credit does not have or does not disclose a minimum annual income eligibility requirement. Wells Fargo Personal Line of Credit only considers borrowers who are employed.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Wells Fargo Personal Line of Credit. Their rates fall within the limits of The Military Lending Act.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Proof of income
- Proof of identity
- Proof of residence
What is the estimated funding time for a personal line of credit via Wells Fargo Personal Line of Credit?Wells Fargo Personal Line of Credit will typically approve (or deny) a line of credit application within 24 hour s and fund personal lines of credit within 3 business day s of approval.
Does Wells Fargo Personal Line of Credit report your account activity to credit bureaus?
Wells Fargo Personal Line of Credit reports your account activity to the following credit reporting agencies:
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.
How to apply for Wells Fargo Personal Line of Credit
- Visit the Wells Fargo Bank website.
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
- Check the information is accurate and submit your application.
420 Montgomery Street
San Francisco, CA 94104 USA
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Other Services by Wells Fargo Bank
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|No Origination Fee|
|No Prepayment Fee|
|Employment Statuses Considered||
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$3K - $100K|
|APR (Variable APR)||9.5% - 21%|