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US Bank

in Personal Loans

Unaffiliated Visit Site Find My Best Rate

US Bank

Unaffiliated

in Personal Loans

SuperMoney Net Recommendation Score -100% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

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Overview

Where does US Bank do business?

US Bank is a bank based in Minneapolis, MN. Founded in 1863, US Bank offers access to personal loans in 50 states (and Washington, DC).

What are the APRs offered via US Bank?

US Bank has a variable APR starting at 3.12%.

Does US Bank charge an origination fee?

Yes, US Bank charges a loan origination fee starting at 0% of the loan amount of $75 US Bank deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow. 

Does US Bank charge a late fee?

Yes, US Bank may charge borrowers a late payment fee

Does US Bank charge prepayment fees?

Yes, US Bank charges additional fees to borrowers who pay off their loans soon than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.

How much can you borrow via US Bank?

Loan amounts start at $15,000 and go up to $1,000,000.

What is the maximum loan term you can get with US Bank?

US Bank offers personal loans with a maximum term of 72 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.

What do you need to qualify for a loan with US Bank?

Applicants with a credit score of at least 650 can apply for a loan via US Bank . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

US Bank will also consider borrowers who are unemployed as long as they meet the minimumum annual income requirements.

Active duty servicemembers and their covered dependents are eligible to apply for a loan via US Bank. Their rates fall within the limits of The Military Lending Act.

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

  • Driver's license
  • Proof of citizenship or residence permit

What is the estimated funding time for a personal loan via US Bank?

US Bank will typically approve (or deny) a loan application within 24 hours and fund personal loans within 7 business days of approval.

Does US Bank report loan payments to credit bureaus?

US Bank may report credit data to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

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Availability

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

Origination Fee
Starting at 0%
Origination Fee ($)
$75
Minimum Age
18
Credit Score Range
650 - 850
850 300 650
Immigration Status Considered
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Joint Loan Applications Accepted
  • Only Individual Applications
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Amount
$15K - $1M
$100 $100K+
Loan Term (Months)
Up to
72
APR
Starting at
3.12%
APR Type
Variable APR

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