Personal loan details
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.
You can borrow $1,000 up to $25,000 with a personal loan.
How to apply for a personal loan
Our application process is fast and easy.
To start your application, you will need:
- Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN)
- Home address and employment information
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.
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.