What is a Simple Loan?

The Simple Loan is a quick and convenient way for U.S. Bank checking customers to borrow up to $1,000 to take care of planned and unplanned expenses.

To get started, simply log in to online or mobile banking and select the Simple Loan application from your checking account menu.

Log in and apply

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


How a Simple Loan works

  • Apply anytime within online and mobile banking, with a real-time decision1 and quick access to loan funds.
  • Borrow up to $1,000, in $100 increments.
  • Loan funds are deposited directly into your U.S. Bank consumer checking account.
  • Repay the loan in three monthly payments.
  • No late fees or prepayment fees.

Example on how to calculate payments

For every $100 borrowed you pay a $6 fee. If you borrow $400, your fee will be $24. You'll pay back a total of $424 in three monthly payments of approximately $141.33 each. Your total cost to borrow (annual percentage rate) will be 35.65%.

Simple Loan is a high-cost loan and other options may be available:

To get started here’s what a Simple Loan involves:

  • You must be at least 18 years old and have a current U.S. Bank checking account that has been open for a minimum of 6 months.
  • You must have three months of recurring direct deposits into a U.S. Bank checking account.
  • You must have your Social Security number.

Log in to online and mobile banking and access the Simple Loan application link on the checking account page.

How to apply for a Simple Loan online

Our online application is convenient and secure.

You must be a U.S. Bank customer to apply.


If you’re already a U.S. Bank customer, you can find the Simple Loan application link on the checking account page when logged into online and mobile banking.


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