See what makes a line of credit different from other ways of financing.

A personal line of credit shares a few similarities with credit cards, like ongoing access to funds for purchases over time and no interest as long as you pay your statement balance in full each month. But a personal line of credit has some features that make it an enticing way to pay for your projects.

Lower interest rates1

A personal line of credit typically has a lower annual percentage rate (APR) than credit cards. Plus, you get that same rate for purchases, transfers and advances.

No collateral required2

Unlike a home equity line of credit where you borrow against the value of your home, a personal line of credit for home improvement projects does not require collateral as it is unsecured.

No annual fee

Enjoy your personal line of credit for years to come without annual fees.

Explore all of your home improvement loan options.

Not sure what your home improvement project could cost?

Answer a few quick questions about your project to get an estimate of the cost and your potential return on investment.

Exclusive to U.S. Bank checking customers

If you’ve got a personal checking account with us, you’ve got the option to apply for a home improvement personal line of credit. Upon approval, you can easily transfer funds from your personal line of credit to your U.S. Bank checking account through mobile or online banking.

Not a U.S. Bank customer? Explore our checking account options.

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Loans and lines of credit are offered by U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.

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  1. Personal line of credit: The annual percentage rate (APR) is variable and is based upon an index plus a margin. The APR will vary with Prime Rate (the index) as published in the Wall Street Journal. As of July 28, 2023, the variable unsecured personal line of credit APR ranged from 12.50% to 22.50% APR and the margin varied based on credit score. The lowest APR in the range requires a credit score of 800 or greater. Cash Advance ATM fee: 4% of each advance amount, $10 minimum. Cash Equivalent fee: 4% of each cash equivalent amount, $10 minimum. The annual fee is $0. Foreign Transaction fee: 3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency. Subject to credit approval, eligibility and credit qualifications. Personal Line of Credit may be reduced or additional extensions of credit limited if certain circumstances occur. Approval for personal line of credit requires having a new or existing U.S. Bank personal checking account. Your Deposit Account Agreement and the Consumer Pricing Information disclosure list terms, conditions, and fees that apply to U.S. Bank personal checking accounts. You may obtain a copy of the disclosure by visiting a branch or calling 800-872-2657.

  2. Home Improvement Personal Line of Credit Collateral: A U.S. Bank Home Improvement Personal Line of Credit is for existing U.S. Bank customers who prefer financing without using collateral. There are other less costly home improvement product options with property as collateral. You may be able to borrow up to $25,000 with fixed interest rates, flexible loan terms and no annual fees.