Personal Loan

Apply for a personal loan without ever leaving your couch.

U.S. Bank customers could receive funds within hours.

Check your rate & apply.

How much would you like to borrow?

Enter your amount to borrow from $1,000 to $50,000. The maximum loan amount for those who are not current U.S. Bank customers is $25,000.

How will you use the loan?

Personal loan details and benefits

Quick funds for all your needs

If you aren’t a current U.S. Bank customer, a personal loan could give you quick access to funds for your one-time financing needs up to $25,000. We consider your credit score, debt-to-income, credit history and other factors when making approval decisions. The final loan amount, annual percentage rate and estimated monthly payment may vary based on your credit score and other credit qualifiers.

If you’re a U.S. Bank customer, you may borrow at least $1,000 up to $50,000.

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As low as X.XX% APR 1

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 X.XX% to 24.99% APR1.

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 ahead, in part or in full.

No collateral required

A personal loan doesn’t require your home or car as collateral, so you won’t have to deal with inspections or appraisals.

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

Uses for a personal loan

Why a personal loan may be right for you

You can use a personal loan for any purchase or project. This one-time funding can help cover vacations, home renovations, medical bills or consolidating debts.

Consolidate your debt.

A personal loan can help you combine your debt into one payment at a competitive rate.

Finance a home project.

Whether you want to stay in your home or sell, you can use a personal loan to fund home remodeling, repairs or upgrades.

Pay for a wedding.

You can cover the big ticket items and unexpected costs a wedding can bring with a personal loan.

Take a vacation.

Not every vacation requires a loan, but if you have a once-in-a-lifetime trip or dream honeymoon coming up, a personal loan can help with travel costs.

Fund your move.

A personal loan can help with things like hiring movers or buying new furniture whether you’re moving across the street or across the country.

Cover emergency expenses.

When life happens and you’re dealing with a sudden cost or unexpected bill, a personal loan can help you get the funds you need quickly.

How to apply for a personal loan

You can apply in 3 easy steps.

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, you may close your loan online. Funds are available within one to four business days of loan closing.

phone screen displaying sample monthy payment and APR after using the personal loan calculator

Personal loan calculator

Not sure what your monthly payment would be?

Use our personal loan calculator to estimate your monthly payment. Just answer a few quick questions and we’ll give you a personalized estimate.

Credit resources

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Know your debt-to-income (DTI) ratio.

Understand your credit worthiness and your “capacity: ability to repay."

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  1. Personal loan: As of February 12, 2024 the fixed Annual Percentage Rate (APR) ranged from 8.74% APR to 24.99% APR, and varies based on credit score, loan amount, purpose and term. Minimum loan amount is $1,000 and loan terms range from 12 to 84 months (up to 60 months for non-customers). 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, purpose of home improvement and includes discount 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 disclosure lists fees, terms, and conditions that apply to U.S. Bank personal checking and savings accounts. This disclosure 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 $316.79 and APR of 8.74% with automatic payments from a personal checking or savings account and for the purpose of home improvement. Maximum loan amounts may vary by credit score. 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 by U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.