U.S. Bank Personal loans 2023/2024 – Loans allow for growth in the overall money supply in an economy and open up competition by lending to new businesses.
Personal loan details and benefits
Quick funds for all your needs
If you have a FICO Score of 660 or above – or higher if you aren’t a current U.S. Bank customer – a personal loan can give you quick access to funds for your one-time financing needs. All loans are subject to credit approval.
If you’re a U.S. Bank 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.
As low as 8.74% APR
If approved, you’ll pay the same amount every month for a term of 12 to 84 months (maximum 60 months for non-customers), with a fixed annual percentage rate (APR), ranging from 8.74% to 21.24% APR.
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 ahead, in part or in full.
No collateral required
A personal loan doesn’t require your home or car as collateral, so you won’t have to deal with inspections or appraisals.
Not a U.S. Bank customer? Explore our checking account options.
Uses for a personal loan
Why a personal loan may be right for you
You can use a personal loan for any purchase or project. This one-time funding can help cover vacations, home renovations, medical bills or consolidating debts.
Consolidate your debt.
A personal loan can help you combine your debt into one payment at a competitive rate.
Finance a home project.
Whether you want to stay in your home or sell, you can use a personal loan to fund home remodeling, repairs or upgrades.
Pay for a wedding.
You can cover the big ticket items and unexpected costs a wedding can bring with a personal loan.
Take a vacation.
Not every vacation requires a loan, but if you have a once-in-a-lifetime trip or dream honeymoon coming up, a personal loan can help with travel costs.
Fund your move.
A personal loan can help with things like hiring movers or buying new furniture whether you’re moving across the street or across the country.
Cover emergency expenses.
When life happens and you’re dealing with a sudden cost or unexpected bill, a personal loan can help you get the funds you need quickly.
HOW TO APPLY FOR A PERSONAL LOAN
You can apply in 3 easy steps.
Step 1: Check your rate.
Check your personalized rates. We’ll use some information about you to do a soft credit check, which will not affect your credit score.
Personal loan Calculator
Not sure what your monthly payment would be?
Use our personal loan calculator to estimate your monthly payment. Just answer a few quick questions and we’ll give you a personalized estimate.
How to pay off credit card debt.
Get tips and tools to help you create a debt repayment plan.
Know your debt-to-income (DTI) ratio.
Understand your credit worthiness and your “capacity: ability to repay.”
Good debt vs. bad debt: what’s the difference?
Ask yourself these questions to determine whether taking on debt is right for your financial situation.