COVID-19 assistance for personal loans
If you've been financially affected by COVID-19, you may be eligible for a loan extension. Log in to your account to request an extension.
Personal loan details
Annual Percentage Rate (APR)
Depending on your creditworthiness, our fixed APR ranges from 6.49% APR to 16.49% APR.1
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 ahead, in part or in full.
Terms
You can choose a term from 12 months to five years to pay back your loan.1
Amount
You can borrow $1,000 up to $25,000 with a personal loan.
Credit
You need to be a current U.S. Bank customer with a good credit history and stable, sufficient income. All loans are subject to credit approval.1
Find out more about credit scores.
Not a U.S. Bank customer? Explore our checking account options.
Ready to get started?
Apply now
Call 800-270-1154
Find a branch
Chat with a bankerUse this personal loan calculator to estimate your monthly payment.
How to apply for a personal loan
Our application process is fast and easy.
Step 1
To start your application, you will need:
- Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN)
- Home address and employment information
Step 2
Once you submit your application, U.S. Bank will gather your credit information.
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
If your loan is approved, you may close your loan online, though some customers may need to visit a U.S. Bank branch.
Funds are available within one business day of loan closing.
Personal loan benefits
Quick funds for all your needs
You can use a personal loan for any purchase or product, including vacations, home renovations, medical bills, or consolidating debt.
Fixed rates and set monthly payments
Borrow at least $1,000 up to $25,000 with a fixed APR1 when you qualify. You’ll pay the same amount every month for a term of 12 to 60 months, and your interest rate won’t change over the life of the loan.
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
Since a personal loan doesn’t require your home as collateral, there are no home inspections or appraisals. 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.
Equal Housing Lender