| Community Rating |
Rating not yet determined |
| Loan Amount | $3,000 - $25,000 |
| APR | 6.99% - 21.9% |
| Loan Term | 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 and Cons:
| Pros | Cons |
|---|---|
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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.
| 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.
| 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.
| Minimum Age | 18 |
| Bank Account Required? | No |
| Application Types Accepted |
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| 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.
Contact
- Headquarters
-
800 Nicollet Mall
Minneapolis, MN 55402 USA - Visit Site
Other Services by US Bank
Availability
- 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
US Bank Personal Loans Community Reviews
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