Is American Express Personal Loan the right fit for you?
Last Updated: 04/18/2025
SuperMoney User Recommendation Score +45
Mostly recommended11 total votes
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Highlights
Community Rating
Mostly recommended
APR (Fixed APR)
6.9% - 19.98%(Verified 06/21/2024)
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Amount Range
$3,500 - $40,000
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Loan Term (Months)
12 - 48
Number of Reviews
American Express Personal Loan Review
American Express Personal Loan is offered by American Express® National Bank, a bank founded in 1850 and based in New York, NY. American Express Personal Loan are available in 50 states and Washington, DC.
Key Takeaways
- APRs starting at 6.9%. Personal loan interest rates typically range between 9% and 36%. The starting rates for American Express Personal Loan are on the lower end of the spectrum.
- Prequalified rate. You can check your prequalified rate at American Express® National Bank with a soft pull that will not affect your FICO or VantageScore.
- No origination fee. American Express Personal Loan does not charge a loan origination fee.
American Express Personal Loan Pros & Cons
| Pros | Cons |
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American Express Personal Loan FAQ
What interest rates and personal loan terms does American Express Personal Loan offer?
American Express Personal Loan has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does American Express Personal Loan offer?
American Express Personal Loan offers a fixed APR personal loan product that ranges from 6.9% APR up to 19.98% APR.
How much can you borrow via American Express Personal Loan?
Personal loan amounts start at $3,500 and go up to $40,000
What is the maximum loan term you can get with American Express Personal Loan?
American Express Personal Loan offers loans with terms of up to 48 months.
| Personal Loan Amount | $3500 - $40000 |
| Loan Term | 12 - 48 months |
| APR | 6.9% - 19.98% |
What fees does American Express Personal Loan charge?
Does American Express Personal Loan charge an origination fee?
American Express Personal Loan does not charge a personal loan origination fee.
A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, consider lenders that don’t charge origination fees.
Does American Express Personal Loan charge a late fee?
Yes, American Express Personal Loan may charge a late payment fee if you miss one of the regularly scheduled payments of up to $39.
Does American Express Personal Loan charge prepayment fees?
No, American Express Personal Loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | 0% |
| Prepayment Fee | No |
| Late Payment Fee | up to $39 |
What do you need to qualify for American Express Personal Loan?
Applicants with a credit score of at least 700 and up to 850 may be eligible for American Express Personal Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher. American Express Personal Loan does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by American Express Personal Loan.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Proof of income
- Government issued photo ID
- Proof of identity
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Application Types Accepted |
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| Credit Score | 700 - 850 |
What is the estimated funding time for a personal loan via American Express Personal Loan?
American Express Personal Loan will typically fund loans within 3 to 5 business days of approval and clearing necessary verifications.
Does American Express Personal Loan report your account activity to credit bureaus?
Yes, American Express Personal Loan reports to the following credit bureaus:
- 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 may help build your credit.
Does American Express® National Bank perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. American Express Personal Loan allows you to check your rates with a soft credit pull.
Are American Express Personal Loan legit?
American Express® National Bank was founded in 1850, it is a well-established company that has been in business for 176 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
American Express Personal Loan Disclosure: You must be the basic Card Member on an eligible Consumer American Express Card, and be in good status with American Express at the time of application.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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Hours of Operation
Sunday7:00AM - 12:00AMMonday7:00AM - 12:00AMTuesday7:00AM - 12:00AMWednesday7:00AM - 12:00AMThursday7:00AM - 12:00AMFriday7:00AM - 12:00AMSaturday7:00AM - 12:00AM
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users mostly recommend this product, giving it a user recommendation score of +45, or 3.9 on a 5-point rating scale.
+45
-1000+100
No one recommends
Everyone recommends
American Express Personal Loan Community Reviews
Would you recommend American Express Personal Loan to your friends?
DC
Dylan C.
Oct 31, 2023
May or may not recommend
I cannot believe I can say this, but I am in love with my American Express Personal Loan! I have a loan that is helping my family succeed, but also have a low APR. With reliable service, I will continue to always use American Express Personal Loans as my choice for my future!
RK
Rohma K.
Jan 22, 2023
May or may not recommend
I have a good experience with American express. I beleive their interest rates are low and you have enough
Time to pay off your loan according to their given limit.
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
We have an American Express we use for our family vacations. We have a 10,000-dollar credit limit. We have used it three times going to Florida and paid it back off thank to the low interest rates. I highly recommend American Express.
TH
Tamela H.
Sep 28, 2022
May or may not recommend
We have an American Express we use for our family vacations. We have a 10,000-dollar credit limit. We have used it three times going to Florida and paid it back off thank to the low interest rates. I highly recommend American Express.
SP
Sherri P.
Sep 22, 2022
May or may not recommend
I have an American Express personal and a business card. I received an offer for a personal loan of $20,000.00. The interest rate is under 7%, no fees whatsoever and the qualification process was super easy. They didn't even do a hard hit on my credit but rather a soft hit only. I highly recommend because this loan is getting paid off much faster ...Show More
U
Anonymous
Jun 29, 2022
May or may not recommend
If you're looking for a quick personal loan, this may not be the option. They have reduced their overall time to receive a personal loan, which has been their major concern. I suggest using American Express if you would like a low, 2-3 year loan that you can pay off consistently since the APR is fairly low. The late fee of $40 isn't egregious, but nobody likes spending extra money ...Show More
SH
Steven H.
May 4, 2022
May or may not recommend
If you need to get a loan quickly then this isn't an option for most people. First of all, you need an American Express card to even get a loan, you need good credit, AND there's almost a $40 late fee, so if you're having a little trouble like I was it'll be even more difficult to pay back. I suggest looking elsewhere.
KF
Komal F.
Apr 8, 2022
May or may not recommend
I had a great experience with the personal loan services provided by American Express National Bank. With no origination and prepayment fee, it was a quick start towards getting a personal loan. They have stretched the amount for the personal loan up to $ 40,000 which is frankly speaking a nice deal. The loan amount can easily be reached within the duration provided by them i-e 12-48 months. Overall, it ...Show More
GW
Grand W.
Oct 5, 2020
May or may not recommend
They have too many requirements before you can qualify to apply for a loan. If you don't have a good credit score, don't bother using their services because it is a total waste of your time. Genuinely, I came across their services while surfing for online loan options. I will not recommend if you need a quick loan.
TM
Tany M.
Sep 16, 2020
May or may not recommend
This is an excellent service from American Express. although it is only available to AMEX credit card holders, it offers very reasonable repayment terms on personal loans. with 12-36 months repayment options, you're able to comfortably fit it into your financial plans.
Tammy M.
Oct 11, 2019
May or may not recommend
I got into trouble from Identy Thieft an have had problems with getting a consolidation loan to pay off sm credits an get back to my excellent credit scores. It would be awesome to be back where I was 4 years ago
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