Personal line of credit details and benefits

If you’re a current U.S. Bank customer with a FICO Score of 680 or above, a personal line of credit could be right for you.

Use your personal line of credit up to $25,0001 for ongoing access to available funds or if you don’t know the full cost of a project. You’ll only pay interest on the money you borrow, making it a great funding option for whatever life throws your way.

As low as 13.25% APR1

You’ll pay no annual fee with a competitive variable rate, currently 13.25% annual percentage rate (APR). And you’ll have the same low APR for advances, balance transfers and purchases.

Easy access to funds

Get convenient access to your loan funds with a Visa® Access Card, Personal Line Access Checks, at an ATM, online, mobile or in a branch.1

Ongoing credit for all your needs

You can use a personal line of credit to help cover the cost of home improvements, pay off debt or simply take care of unexpected expenses.

Quick application process

Applying for a personal line of credit only takes a few minutes with our easy and secure online application process.

If you’re already a U.S. Bank checking customer, you can also start your application in the mobile app or through online banking.

No collateral required

A personal line of credit is unsecured, meaning you don’t need to put up collateral like your car or house.

Find out more about credit scores.

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

How to apply for a personal line of credit

Our application process is fast and easy.

Step 1

If you’re already a U.S. Bank checking account customer, you can start your application in the mobile app, through online banking, by visiting a branch or by calling 800-491-3150.

You’ll need:

  • Social Security number (SSN)
  • Home address and employment information

Step 2

Once you submit your application, we’ll gather your credit information.

How long does it take for a loan to process? Typically, we notify you with your loan approval status in less than a minute.

Step 3

If your line of credit is approved, funds are available within one business day of closing.

You may close your line of credit online, though some customers may need to visit a U.S. Bank branch.

How does a personal line of credit work?

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Disclosures
  1. Personal Line of Credit: As of September 23, 2022, the 13.25% Annual Percentage Rate (APR) is available on unsecured personal line of credit. The 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. Cash Advance ATM fee: 4% of each advance amount, $15 minimum. Cash Equivalent fee: 4% of each cash equivalent amount, $20 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.

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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.