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  American Express Personal Loan

American Express Personal Loan

in Personal Loans from American Express® National Bank

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American Express Personal Loan

Unaffiliated

in Personal Loans from American Express® National Bank

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Highlights
Highlights
Loan Amount $3,500 - $40,000
APR  (Fixed APR) 6.9% - 19.98%
Loan Term 12 - 48 months

American Express Personal Loan Review

American Express Personal Loan is a personal loan offering by American Express® National Bank, a bank based in New York, NY. Founded in 1850, American Express® National Bank offers access to personal loans in 50 states (and Washington, DC).

What rates and terms does American Express Personal Loan offer?

What personal loan APRs 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.

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.

How much can you borrow via American Express Personal Loan?

Loan amounts start at $3,500 and go up to $40,000.

What can a personal loan from American Express Personal Loan be used for?

Personal loans from American Express Personal Loan are typically used for special purchases or similar purposes.

What is the maximum loan term you can get with American Express Personal Loan?

American Express Personal Loan offers personal loans with terms ranging from 12 to 48 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

American Express Personal Loan Rates & Terms
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 loan origination fee.

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

Does American Express Personal Loan charge a late fee?

Yes, American Express Personal Loan may charge borrowers a late payment fee

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 loan off early.

American Express Personal Loan Fees
Origination Fee 0%
Prepayment Fee? No
Late Payment Fee up to $39

What do you need to qualify for a loan with American Express Personal Loan?

Applicants with a credit score of at least 700 can apply for a loan via American Express Personal Loan . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

American Express Personal Loan only considers borrowers who are employed.

Active duty servicemembers and their covered dependents are eligible to apply for a loan via American Express Personal Loan. Their rates fall within the limits of The Military Lending Act.Only U.S. citizens and permanent residents can apply for a loan.

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

  • Government Issued Photo ID
  • Applicants must have an active and valid checking account
  • Proof of identity
  • Proof of income
American Express Personal Loan Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Joint Applications Accepted? Yes
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 approve (or deny) a loan application within 1 hour and fund personal loans within 5 business days of approval.

Does American Express Personal Loan report loan payments to credit bureaus?

American Express Personal Loan may report credit data to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion
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...

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  
Origination Fee ($) $0
Origination Fee 0%
Late Fee Amount Up to $39
Minimum Age 18
Credit Score Range 700 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Bank Account Required  
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Joint Loan Applications Accepted
  • Individual Applications
Verification Documents Required
  • Government Issued Photo ID
  • Proof of Identity
  • Proof of Income
Loan Amount $3.5K - $40K
Loan Term 12 - 48 months
APR (Fixed APR) 6.9% - 19.98%

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