Last Updated: 04/18/2025
SuperMoney User Recommendation Score +76
Strongly recommended17 total votes
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Highlights
Community Rating
Strongly recommended
APR (Fixed APR)
7.49% - 23.74%(Verified 06/21/2024)
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Amount Range
$3,000 - $100,000
Loan Term (Months)
12 - 84
Number of Reviews
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 Loans are available in 50 states and Washington, DC.
Key Takeaways
- APRs starting at 7.49%. Rate is quoted with autopay discount*. Personal loan interest rates typically range between 9% and 36%. The starting rates for Wells Fargo Personal Loan are on the lower end of the spectrum.
- Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
- Large loan amounts. You can apply for loan amounts of up to $100,000 with Wells Fargo Personal Loan .
- No origination fee. Wells Fargo Personal Loan does not charge a loan origination fee.
- Super long loan terms. Wells Fargo Personal Loan offers loan terms of up to 84 months. Most personal loans have a maximum term of 60 months.
Wells Fargo Personal Loans Pros & Cons
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Wells Fargo Personal Loans FAQ
What interest rates and personal loan terms does Wells Fargo Personal Loans offer?
Wells Fargo Personal Loans has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Wells Fargo Personal Loans offer?
Wells Fargo Personal Loans offers a fixed APR personal loan product that ranges from 7.49% APR up to 23.74% APR. Rate is quoted with autopay discount*.
How much can you borrow via Wells Fargo Personal Loans?
Personal loan amounts start at $3,000 and go up to $100,000
What is the maximum loan term you can get with Wells Fargo Personal Loans?
Wells Fargo Personal Loans offers loans with terms of up to 84 months.
| Personal Loan Amount | $3000 - $100000 |
| Loan Term | 12 - 84 months |
| APR | 7.49% - 23.74% Rate is quoted with autopay discount* |
What fees does Wells Fargo Personal Loans charge?
Does Wells Fargo Personal Loans charge an origination fee?
Wells Fargo Personal Loans does not charge a personal loan origination fee.
A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, consider lenders that don’t charge origination fees.
Does Wells Fargo Personal Loans charge a late fee?
Wells Fargo Personal Loans does not disclose whether it charges late payment fees.
Does Wells Fargo Personal Loans charge prepayment fees?
No, Wells Fargo Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | 0% |
| Prepayment Fee | No |
| Late Payment Fee | No |
What do you need to qualify for Wells Fargo Personal Loan?
Applicants with a credit score of at least 600 and up to 840 may be 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.
U.S. citizens and permanent resident / green card holders with a U.S. tax identification number are eligible to apply for the services offered by Wells Fargo Personal Loan.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Recent pay stubs
- Proof of income
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
- Proof of citizenship or residence permit
- U.S. tax identification number
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Credit Score | 600 - 840 |
What is the estimated funding time for a personal loan via Wells Fargo Personal Loans?
Wells Fargo Personal Loans will typically fund loans starting at 1 business day of approval and clearing necessary verifications.
Does Wells Fargo Personal Loan report your account activity to credit bureaus?
Yes, Wells Fargo Personal Loan reports to the following credit bureaus:
- 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 may help build your credit.
Does Wells Fargo Bank perform a hard credit pull?
Yes, Wells Fargo Personal Loans performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are Wells Fargo Personal Loan legit?
Wells Fargo Bank was founded in 1852, it is a well-established company that has been in business for 174 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.
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.
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