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 12.50% APR 1

You’ll pay no annual fee with a competitive variable rate that currently ranges between 12.50% to 22.50% annual percentage rate (APR). And you’ll pay the same APR for advances, balance transfers and purchases. A credit score of 800 or greater is required for the lowest APR in the range.

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:

Step 2

As you apply, you’ll need your Social Security number (SSN), home address and employment information.

You can apply with another person if they're an employee, live within the U.S. Bank service area or have a military address (FPO/APO). We may consider their income, credit background and whether they are a U.S. Bank customer. This may affect your interest rate or line of credit amount.

Step 3

Once you submit your application, U.S. Bank will request a full credit report, which may affect your credit score.

If approved, you may close your line of credit online, though some customers may need to visit a U.S. Bank branch. Funds are available within one business day of closing.

How does a personal line of credit work?

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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.

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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.