Overview

Where is Wells Fargo Personal Line of Credit available?

Wells Fargo Personal Line of Credit is a personal line of credit offered by Wells Fargo Bank, a bank based in San Francisco, CA that was founded in 1852. Wells Fargo Personal Line of Credit is offered in 50 states (and Washington, DC).

What are the APRs offered via Wells Fargo Personal Line of Credit?

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 Typically, fees range from 0.5% to 10% of the amount withdrawn.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.

Does Wells Fargo Personal Line of Credit charge prepayment fees?

No, Wells Fargo Personal Line of Credit 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 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.

What do you need to qualify for a line of credit with Wells Fargo Personal Line of Credit?

Wells Fargo Personal Line of Credit doesn’t disclose its credit score minimum.

Wells Fargo Personal Line of Credit only considers borrowers who are employed, or have a regular source of income or benefits.

Active duty servicemembers and their covered dependents can apply for a line of credit 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:

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 hours and fund personal lines of credit within 3 business days of approval.

Does Wells Fargo Personal Line of Credit report loan payments to credit bureaus?

Wells Fargo Personal Line of Credit may report credit data to the following credit reporting agencies:

• Equifax
• Experian
• Transunion