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  US Bank Personal Loans

US Bank Personal Loans

in Personal Loans from US Bank

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US Bank Personal Loans

Unaffiliated

in Personal Loans from US Bank

Net Recommendation Score -100%

SUPERMONEY NET RECOMMENDATION SCORE

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Highlights
Highlights
Community Rating

Rating not yet determined

In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote
APR 6.99% - 21.9%
Loan Amount $3,000 - $25,000
Loan Term (Months) N/A

US Bank Personal Loans Review

US Bank Personal Loans is offered by US Bank, a bank founded in 1863 and based in Minneapolis, MN. US Bank Personal Loans is available in 50 states (and Washington, DC).

Key Takeaways
  • Fast access to cash. In some cases you can get your money within 1 business day.
  • Good credit required. You will need a credit score of at least 700 to qualify for US Bank Personal Loans.
  • Hard credit pull required. You can't check your rates or see if you prequalify for US Bank Personal Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
  • Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your US Bank Personal Loans early.
  • Cosigner applications accepted. Applying for US Bank Personal Loans with a cosigner can improve your chances of approval and help you qualify for lower interest rates.
US Bank Personal Loans Pros & Cons
Pros Cons
  • Low APRs available to qualified borrowers.
  • Fast funding.
  • APRs as high as 21.9%.
  • Charges an origination fee.
  • Only considers applicants with good credit.
  • Do not offer pre-approval with soft credit pull.
  • US Bank Personal Loans does not report to credit bureaus.
  • Charges prepayment fees.
  • Charges a late fee of up to $37.
US Bank Personal Loans FAQ

What rates and terms does US Bank Personal Loans offer?

US Bank Personal Loans has lower interest rates than the average for lenders reviewed on SuperMoney.

What APR rate does US Bank Personal Loans offer?

US Bank Personal Loans offers a personal loan product that ranges from 6.99% APR up to 21.9% 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 US Bank Personal Loans?

Loan amounts start at $3,000 and go up to $25,000

US Bank Personal Loans Rates & Terms
Loan Amount $3000 - $25000
Loan Term N/A
APR 6.99% - 21.9%

What fees does US Bank Personal Loans charge?

Does US Bank Personal Loans charge an origination fee?

US Bank Personal Loans may charge a loan origination fee.

Does US Bank Personal Loans charge a late fee?

Yes, US Bank Personal Loans may charge borrowers a late payment fee of up to $37.

Does US Bank Personal Loans charge prepayment fees?

Yes, US Bank Personal Loans may charge additional fees to borrowers who pay off their loans sooner 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.

US Bank Personal Loans Fees
Origination Fee N/A
Prepayment Fee? Yes
Late Payment Fee $37

What do you need to qualify for US Bank Personal Loans?

Applicants with a credit score of at least 700 and up to 850 are eligible for US Bank Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

US Bank Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via US Bank Personal Loans. Their rates fall within the limits of The Military Lending Act.

Permanent resident / green card holders are also eligible to apply.

US Bank Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Cosigners
  • Credit Score 700 - 850

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

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

    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.

    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

    Late Fee Amount $37
    Immigration Status Considered U.S. Permanent Resident
    Joint Loan Applications Accepted Cosigner
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Minimum Age 18
    Credit Score Range 700 - 850
    Loan Amount $3,000 - $25,000
    APR 6.99% - 21.9%

    US Bank Personal Loans Community Reviews

     

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    SUPERMONEY NET RECOMMENDATION SCORE

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    No one recommends Everyone recommends

    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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