Features

Where does US Bank do business?

US Bank is based in Minneapolis, MN. The company was founded in 1891 and offers personal loans to borrowers in Washington, DC and 50 states.

What are US Bank’s rates?

US Bank offers personal loans with APRs starting at 6.99% and up to 21.9%.

Does US Bank charge an origination fee?

Yes, US Bank charges a loan origination fee .

Does US Bank charge prepayment penalties?

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 from US Bank?

Loan amounts start at $3000 and go up to $25000

What is the maximum loan term for a US Bank personal loan?

US Bank offers personal loans with terms of up to 48 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments affordable. However, the longer the term of your loan, the more interest you will pay.

What is US Bank’s eligibility criteria?

US Bank only considers applicants who have a credit score of at least 700 to apply.

Active duty servicemembers and covered dependents can also apply for a US Bank loan. High interest loans are not available to members of the armed forces because the The Military Lending Act prohibits lenders from charging them more than a 36% APR.

To qualify, applicants must provide the following documentation:

You must have a job to qualify for a loan. 

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

US Bank will typically provide a credit approval decision in less than hour and fund the loan within 1 to 7 days. 

  • Loan Amount
    $3000 - $25000
  • Payment Options
  • APR
    6.99% - 21.9%
  • Max Loan Term (Months)
    48
  • Credit Score Range
    700 - 850
  • Immigration Status Considered
    U.S. Permanent Resident
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Age
    18
  • Supported Income Types
  • Verification Documents Required?
  • Late Fee Amount
    $37
  • Institution Type
    Bank
  • Approval Speed (Hours)
    24
  • Joint Loans Available
  • Funding Time
    1-7 days
  • Credit Bureau Reporting
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