Annual Percentage Rate (APR)
Depending on your creditworthiness, our fixed APR ranges from 2.99% APR to 16.49% APR.1
Fees
When you take out a personal loan, you’ll pay no origination fees. And you’re always free to make loan payments ahead, in part or in full. But if you pay off your loan early, you may need to pay a prepayment penalty fee.2
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 bankerOur 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.
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