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  Wells Fargo Personal Loan

Wells Fargo Personal Loan

in Personal Loans from Wells Fargo Bank

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Wells Fargo Personal Loan

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in Personal Loans from Wells Fargo Bank

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Highlights
Highlights
Loan Amount $3,000 - $100,000
APR  (Fixed APR) 5.49% - 22.99%
Loan Term 12 - 84 months

Wells Fargo Personal Loan Review

Wells Fargo Personal Loan is offered by Wells Fargo Bank, a bank founded in 1852 and based in San Francisco, CA. Wells Fargo Personal Loan is available in 50 states (and Washington, DC).

What rates and terms does Wells Fargo Personal Loan offer?

Wells Fargo Personal Loan has lower interest rates than the average for lenders reviewed on SuperMoney.

What personal loan APRs does Wells Fargo Personal Loan offer?

Wells Fargo Personal Loan offers a fixed APR personal loan product that ranges from 5.49% APR up to 22.99% APR. Rate is quoted with autopay discount*.

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 Wells Fargo Personal Loan?

Loan amounts start at $3,000 and go up to $100,000.

What can a personal loan from Wells Fargo Personal Loan be used for?

Personal loans from Wells Fargo Personal Loan are typically used for special purchases, debt consolidation, home improvement projects, weddings, medical expenses & procedures, unexpected expenses or similar purposes.

What is the maximum loan term you can get with Wells Fargo Personal Loan?

Wells Fargo Personal Loan offers personal loans with terms ranging from 12 to 84 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.

Wells Fargo Personal Loan Rates & Terms
Loan Amount $3000 - $100000
Loan Term 12 - 84 months
APR 5.49% - 22.99%
Rate is quoted with autopay discount*

What fees does Wells Fargo Personal Loan charge?

Does Wells Fargo Personal Loan charge an origination fee?

Wells Fargo Personal Loan does not charge a loan origination fee.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does Wells Fargo Personal Loan charge a late fee?

Yes, Wells Fargo Personal Loan may charge borrowers a late payment fee

Does Wells Fargo Personal Loan charge prepayment fees?

No, Wells Fargo Personal Loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

Wells Fargo Personal Loan Fees
Origination Fee 0%
Prepayment Fee? No
Late Payment Fee N/A

What do you need to qualify for Wells Fargo Personal Loan?

Applicants with a credit score of at least 600 and up to 840 are eligible for Wells Fargo Personal Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Wells Fargo Personal Loan does not have or does not disclose a minimum annual income eligibility requirement. Wells Fargo Personal Loan will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

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 Wells Fargo Personal Loan. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Wells Fargo Personal Loan. Permanent resident / green card holders are also eligible to apply.

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

  • Applicants must have an active and valid checking account
  • Recent pay stubs
  • Proof of income
  • Driver's license
  • Government issued photo ID
  • Proof of identity
  • Proof of citizenship or residence permit
Wells Fargo Personal Loan Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Co-borrowers
  • Cosigners
  • Individual Applications
  • Credit Score 600 - 840

    What is the estimated funding time for a personal loan via Wells Fargo Personal Loan?

    Wells Fargo Personal Loan will typically approve (or deny) a loan application within 1 hour and fund personal loans within business day of approval.

    Does Wells Fargo Personal Loan report your account activity to credit bureaus?

    Wells Fargo Personal Loan reports your account activity to the following credit reporting agencies:

    • 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 can help improve your credit score.

    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...

    Availability

    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
      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

    No Origination Fee  
    No Prepayment Fee  
    Origination Fee ($) $0
    Origination Fee (%) 0%
    Checking Account Required  
    Cosigner Optional  
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Co-borrower
    • Cosigner
    • Individual Applications
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Minimum Age 18
    Supported Income Types
    • 1099 Misc. Income
    • Cash
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    • Tax Returns
    Verification Documents Required
    • Government Issued Photo ID
    • Proof of Identity
    • Proof of Income
    • Recent Pay Stubs
    • Social Security Number
    • U.S. Tax Identification Number
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    Funding Time Range Starting at 1
    Approval Speed (Hours) 1
    Credit Bureau Reporting
    • Equifax
    • Experian
    • TransUnion
    Customizable Payment Dates  
    Payment Options
    • Automatic Payments
    • Bank Transfer
    • Cash
    • Check by mail
    • Storefront
    Loan Amount $3K - $100K
    APR (Fixed APR) 5.49% - 22.99%
    Loan Term 12 - 84 months

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