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 and benefits
If you’re a current U.S. Bank customer with a FICO credit score of 680 or above, a personal loan could be right for you. All loans are subject to credit approval.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.
Fixed rates and set monthly payments
Borrow at least $1,000 up to $50,000 with a fixed annual percentage rate (APR), ranging from 6.49% to 18.49% 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 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.
Find out more about credit scores.
Not a U.S. Bank customer? Explore our checking account options.
Use 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.
Equal Housing Lender