U.S. BANK SIMPLE LOAN

Log in to online and mobile banking and access the Simple Loan application in your checking account dashboard.

1. Download the U.S. Bank Direct Deposit Authorization Form (PDF).
2. Provide your U.S. Bank deposit account type (checking or savings), account number and routing number, and other required information.
3. Submit the completed direct deposit form.

Your first payment will be due at least 30 days after the date you complete your loan. The next two monthly payments will be due on the same date each subsequent month.

Note: Your first payment due date will not fall on the 29^th, 30^th or 31^st.

If you choose automatic payments, the minimum due on your Simple Loan will be automatically deducted from your checking account on the day it is due.

To make manual payments you can visit a branch, call us at 800-872-2657, mail a check to the address on your statement, or log in to online and mobile banking and transfer money from a U.S. Bank account or an account you hold at another financial institution.

You can pay down your loan faster by paying more than the minimum due, but doing so will not reduce the total amount or fees that you owe. There is no pre-payment penalty for paying the loan off early.

There are no missed payment fees, non-sufficient funds fees, or late payment fees on a Simple Loan.

After your loan is approved and booked, you can access funds immediately. Please note: funds deposited to your account after 8 p.m. CT will be available for withdrawal, but will not post to your account until the next business day.

Simple Loan has a minimum of $100 and maximum of $1,000. For an amount less than $100 a reserve line or credit card may be right for you.

You can apply for another Simple Loan after 30 days have passed since you’ve paid off your previous Simple Loan.