Personal loan details and benefits

If you have a FICO credit score of 660 or above — or higher if you aren’t a current U.S. Bank customer — a personal loan could be right for you. All loans are subject to credit approval.1

As low as 8.99% APR 1

If you’re a U.S. Bank customer, you may borrow at least $1,000 up to $50,000. Not a U.S. Bank customer? You may be able to borrow up to $25,000.

If approved, you’ll pay the same amount every month for a term of 12 to 84 months (maximum 60 months for non-customers), with a fixed annual percentage rate (APR), ranging from 8.99% to 21.49% APR.1

Quick funds for all your needs

You can use a personal loan for any purchase or product.

This one-time funding can help cover vacations, home renovations, medical bills or consolidating debts.

No hidden costs or fees

When you take out a personal loan, you’ll pay no origination fees and there is no prepayment penalty.

You're always free to make loan payments in advance, in part or in full.

No collateral required

A personal loan is unsecured, meaning you don’t need to put up your house or car as collateral.

This may be a good option if you lack equity or don’t qualify for a home equity loan or line.

No home inspection or appraisals

A personal loan doesn’t require your home as collateral.

You could get a loan for your project within hours.

Easy application process

Get quick access to funds with our easy and secure online application process.

Applying for a personal loan only takes a few minutes and is issued based on your creditworthiness.

Use this personal loan calculator to estimate your monthly payment.

For how many months?

Enter any loan term from 12 to 84 months. For those who aren’t current U.S. Bank customers, the maximum term length is 60 months.

What's your credit score range?

How to apply for a personal loan

The process to apply is fast and easy.

Step 1: Check your rate

Check your personalized rates. We’ll use some information about you to do a soft credit check, which will not affect your credit score.

Step 2: Apply

When you're ready to apply, you'll need:

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


You can apply with another person. If you apply with a joint applicant, their income and credit background are also considered and may affect your interest rate or loan amount.

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

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

Step 3: Close your loan

If your loan is approved and you’re a U.S. Bank personal checking or savings customer, you may close your loan online. If you don’t have a U.S. Bank personal checking or savings account, you may need to visit a U.S. Bank branch to close your loan.

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Disclosures
  1. Personal Loan: As of November 22, 2022 the fixed Annual Percentage Rate (APR) ranged from 8.99% APR to 21.49% APR, and varies based on credit score, loan amount and term. Minimum loan amount is $1,000 and loan terms range from 12 to 84 months. The lowest APR in the range is available on loans of $10,000 or more with a term of 12-36 months, a credit score of 800 or greater and includes discounts for automatic payments from a U.S. Bank or external personal checking or savings account. Automatic payments and U.S. Bank personal checking or savings account are not required for loan approval. Electronic funding to a non-U.S. Bank account requires verification and can take one to four business days. Not all loan programs are available in all states. The Consumer Pricing Information brochure lists fees, terms, and conditions that apply to U.S. Bank personal checking and savings accounts. This brochure can be obtained by visiting a U.S. Bank branch or calling 800-872-2657. Loan payment example: on a $10,000 loan for 36 months, monthly payments would be $317.95 and APR of 8.99% with automatic payments from a personal checking or savings account. Maximum loan amounts may vary by credit score and location. Loan approval is subject to credit approval and program guidelines. Interest rates and program terms are subject to change without notice.

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Installment loans are offered through U.S. Bank National Association.

Deposit products are offered by U.S. Bank National Association. Member FDIC.