Wells Fargo Personal Loan
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| Community Rating | Strongly recommended |
| APR (Fixed APR) | 5.49% - 22.99% |
| Loan Amount | $3,000 - $100,000 |
| Loan Term (Months) | 12 - 84 months |
| Number of Reviews | 5 |
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).
- APRs starting at 5.49%. Rate is quoted with autopay discount*. Personal loan interest rates typically range between 5% and 36%. The starting rates for Wells Fargo Personal Loan are on the lower end of the spectrum.
- Fast access to funds. In some cases you can 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.
- Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Wells Fargo Personal Loan.
- 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.
| Pros | Cons |
|---|---|
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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 5.49% APR up to 22.99% APR. Rate is quoted with autopay discount*.
How much can you borrow via Wells Fargo Personal Loans?
Business 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 |
5.49%
- 22.99%
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, go with lenders that don’t charge origination fees.
Does Wells Fargo Personal Loans charge a late fee?
No, Wells Fargo Personal Loans will not charge you a late fee if you miss one of the monthly payments.
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. 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 or a co-borrower 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 personal checking account
- Recent pay stubs
- Proof of income
- Driver's license
- 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 |
| Application Types Accepted |
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| 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 approve (or deny) a loan application within 1 hour and fund loans within business day of approval.
Does Wells Fargo Personal Loan report your account activity to credit bureaus?
Yes, 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 may help improve your credit.
Contact
- Headquarters
-
420 Montgomery Street
San Francisco, CA 94104 - Visit Site
- Email Support
Other Services by Wells Fargo 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
Feature Breakdown
| No Origination Fee | |
| No Prepayment Fee | |
| Origination Fee ($) | $0 |
| Origination Fee (%) | 0% |
Wells Fargo Personal Loan Community Reviews
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