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  Wells Fargo Personal Line of Credit

Wells Fargo Personal Line of Credit

in Personal Lines of Credit from Wells Fargo Bank

Unaffiliated

Wells Fargo Personal Line of Credit

Unaffiliated

in Personal Lines of Credit from Wells Fargo Bank

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Community Rating

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In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote
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 available 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 Typically, fees range from 0.5% to 10% of the amount withdrawn.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. .

Wells Fargo Personal Line of Credit Fees
Cash Advance Fee N/A
Origination Fee N/A
Prepayment Fee? No
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:

  • Equifax
  • Experian
  • Transunion

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.
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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 Origination Fee  
No Prepayment Fee  
Annual Fee $25
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
Joint Loan Applications Accepted
  • Co-borrower
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
Verification Documents Required
  • Proof of Identity
  • Proof of Income
  • Proof of Residence
  • Recent Pay Stubs
Funding Time Range (in days) 1 - 3
Approval Speed (Hours) 24
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Payment Options
  • Automatic Payments
  • Check by mail
  • Credit/Debit Card
APR (Variable APR) 9.5% - 21%
Loan Amount $3K - $100K

Wells Fargo Personal Line of Credit Community Reviews

 

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