With a US Bank personal loan, you can quickly access funds for your one-time financing needs, whether it’s consolidating debt or covering a large expense. US Bank offers unsecured personal loans ranging from $1,000 to $25,000 to existing US Bank customers. Loan terms range from 12 to 60 months.
US Bank loans come with low interest rates based on your creditworthiness, which includes a 0.50% autopay discount. Borrowers with higher credit scores are more likely to qualify for lower end interest rates. Similar to other major providers, US Bank charges no origination fees and there are no prepayment penalties, which means you can always make loan payments before they are due.
Applying for a US bank loan is easy and can be done online; however, you must be a current US Bank customer. Some customers may need to visit a US bank branch if additional information or documentation is needed.
Eligibility: US Bank requires applicants and co-borrowers to have been US Bank customers for at least 120 days. If you are a current client, you are eligible for a personal loan with a minimum credit score of 680. This requirement also applies to secondary borrowers on a joint personal loan.
When applying for a joint personal loan, you will need to sign in person, so you and the co-borrower must live close to a physical location. US Bank has branches in 26 states, including Arkansas, Arizona, California, Colorado, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Minnesota, Missouri, Montana, North Carolina, North Dakota, Nebraska, New Mexico, Nevada, Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin and Wyoming.
The loan uses: US Bank personal loans can be used for any purchase or product in addition to a home or education expenses. For example, they can cover vacation costs, home renovations and medical bills or help consolidate debts, such as credit cards.
Completion time : An applicant will typically learn their loan approval status in less than a minute. If you qualify for the personal loan, you can fund your loan online; however, you may need to visit a branch if a US Bank representative needs more information. After your loan closes, funds are available within one business day.