Last Updated: 04/18/2025
American Express Personal Loan
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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 |
| 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.
Hours of Operation
Sunday
7:00AM - 12:00AM
Monday
7:00AM - 12:00AM
Tuesday
7:00AM - 12:00AM
Wednesday
7:00AM - 12:00AM
Thursday
7:00AM - 12:00AM
Friday
7:00AM - 12:00AM
Saturday
7:00AM - 12:00AM