Personal loan details and benefits

If you have a FICO credit score of 660 or above — or higher if you aren’t a current U.S. Bank customer — 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

If you’re a U.S. Bank checking customer, you may borrow at least $1,000 up to $50,000. Not a U.S. Bank customer? You may be able to borrow up to $25,000.

If approved, you’ll pay the same amount every month for a term of 12 to 60 months, with a fixed annual percentage rate (APR), ranging from 5.99% to 18.49% APR.1

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.

For how many months?

Invalid entry

Enter any loan term from 12 - 60 months.

What's your credit score range?

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 and you’re a U.S. Bank personal checking or savings customer, you may close your loan online. If you don’t have a U.S. Bank personal checking account or savings account, you may need to visit a U.S. Bank branch to close your loan.

Funds are available within one business day of loan closing.