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Umpqua Bank loans

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Personal and business loans, lines of credit and more for residents of the Pacific Northwest.

If you’re looking for a small banking experience and live in the Pacific Northwest, you might want to consider Umpqua Bank. It offers a variety of both personal and business loans — from buying your first home to leasing new equipment for your small business.

However, most loans require you to visit a branch to apply in person. And you’ll need to live in one of the five states it services to be eligible.

What types of loans does Umpqua Bank offer?

Umpqua Bank has several financing options available, ranging from car loans to lines of credit to business term loans and equipment financing.

Personal loans

Umpqua Bank offers both secured and unsecured personal loans that start at $1,000 and go as high as $100,000 — much more than other lenders offer. Both come with fixed interest rates and a $100 origination fee.

  • Unsecured personal loan. APRs start at 9.52% with terms up to four years.
  • Secured personal loan. Take up to five years to pay back your loan with APRs as low as 4.66%.

You can also knock 0.5% off your interest rate by signing up for automatic payments from your Umpqua Bank account.
Umpqua personal loan review

Lines of credit

Umpqua Bank also offers two revolving lines of credit with variable interest rates:

  • Expressline. Credit limits range from $1,000 to $50,000 with no origination fee and rates starting at 9.7%. You’re also on the hook for a $35 annual fee.
  • Executiveline. Borrow between $50,001 and $100,000 with APRs starting at 9.5% including a $250 origination fee. This line also comes with a heftier annual fee of $75.

Like with its personal loans, signing up for autopay from your Umpqua Bank account comes with a 0.5% rate discount.

Auto loans

Auto loans from Umpqua Bank can be used to finance up to 100% of the cost of a new or used car under 10 years old. There’s no maximum amount you can borrow, and both loans come with fixed interest rates and a low $100 origination fee.

  • New car loan. APRs start at 4.57% with terms from two to seven years.
  • Used car loan. Take up to six years to pay back your loan with APRs starting at 4.82%.

Umpqua Bank also offers up to 90% financing for new and used boats and RVs. Fixed APRs start at 6.9% and include the same $100 origination fee as its car loans. You can take between four and 15 years to pay back your loan.

Similar to its personal loan options, you can score a 0.5% rate discount by enrolling in autopay from your Umpqua Bank account.
Umpqua auto loan review

Home loans

Umpqua Bank offers eight different home loan programs for borrowers at every stage of life. From fixed and adjustable rate mortgages to loans specifically for first-time buyers or physicians, there’s likely an option to suit your needs. Rates, terms and loan amounts vary by program.

Already own your home, but looking to borrow against it? Umpqua also offers home equity lines of credit (HELOCs) from $5,000 to $500,000 with variable rates starting at 5.75% with no origination fee. These come with a 10-year draw period and 20-year repayment period, as well as a $75 annual fee.

Business loans

Whether you’re looking to buy new equipment or apply for government-backed financing, Umpqua Bank’s business loans may be able to help.

  • Business term loan. Borrow between $10,000 and $750,000 with terms up to seven years. APRs are fixed and start at 6%, including a 0.5% origination fee. These loans must be secured by your business assets, vehicles or equipment.
  • Small Business Administration (SBA) loan. As an SBA Preferred Lender, Umpqua offers government-backed loans through the 7(a), 504 and USDA loan programs. These come with some of the most competitive rates out there, plus you could save even more by signing up for autopay.
  • Real estate loans. Take out a loan secured by the property you’re buying. Loan amounts range from $25,000 to $750,000 with rates starting at 5.27% and terms up to 25 years. You’re also on the hook for a 0.5% origination fee.
  • Expresslines. Choose from a secured or unsecured line of credit in amounts up to $500,000 with variable interest rates and no origination fee. Umpqua even offers a special option exclusively for real estate projects.
  • Equipment financing. Through its subsidiary, Financial Pacific, Umpqua offers equipment leasing and financing from $5,000 to $15 million.
  • Vehicle financing. Purchase a new or used vehicle for your business with fixed APRs starting at 3.9% for new cars and 4.15% for used cars. Terms start at two years and go up to seven years for new cars and six years for used cars.

Umpqua Bank business loans

Why should I consider taking out a loan with Umpqua Bank?

A few of the perks that come with borrowing with Umpqua Bank include:

  • Low origination fees. Umpqua Bank’s loans come with some of the lowest origination fees out there compared to other lenders. Rather than the standard 1% to 5% origination fee, Umpqua charges as little as $100 for its personal loans and 0.5% for its business term loans.
  • Large loan amounts. You may be able to borrow as much as $100,000 with its personal loans and $15 million with its business financing options.
  • Autopay discount. Nearly all of its loan products come with a 0.5% rate discount if you sign up for automatic payments from your Umpqua Bank account.

Where does Umpqua Bank fall short?

Weigh these potential drawbacks before applying for a loan with Umpqua Bank:

  • May not be able to apply online. You can only apply for Umpqua Bank’s personal loans online. For all other types of financing, you’ll have to visit an Umpqua Bank branch.
  • Only available in five states. Umpqua Bank only has branches in Washington, California, Oregon, Nevada and Idaho. If you live outside the Pacific Northwest, you’ll have to look elsewhere.
  • Limited details available online. You won’t find many details like loan eligibility requirements on Umpqua’s website. You’ll need to call or visit your local branch to make sure you qualify before applying.

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Rates last updated December 16th, 2018

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Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
Name Product Product Description Min. Credit Score Max. Loan Amount APR
Even Financial Personal Loans
Get connected to competitive loan offers instantly from top online consumer lenders.
550
$100,000
3.84% to 35.99% (fixed)
Credible Personal Loans
Get personalized rates in minutes and then choose a loan offer from several top online lenders.
Good to excellent credit
$100,000
4.99% to 36% (fixed)
LendingClub Personal Loan
A peer-to-peer lender offering fair rates based on your credit score.
660
$40,000
6.95% to 35.89% (fixed)
Monevo Personal Loans
Quickly compare multiple online lenders with competitive rates depending on your credit.
550
$100,000
3.34% to 35.99% (fixed)
NetCredit Personal Loan
Check eligibility in minutes and get a personalized quote without affecting your credit score.
550
$10,000
34% to 155% (Varies by state) (fixed)
SoFi Personal Loan Fixed Rate (with Autopay)
No fees. Multiple member perks such as community events and career coaching.
680
$100,000
7.24% to 15.24% (fixed)
Marcus by Goldman Sachs Personal Loans
Consolidate your debt or pay off large expenses with competitive rates and no fees.
Good to excellent credit
$40,000
6.99% to 24.99% (fixed)
OneMain Financial Personal and Auto Loans
An established online and in-store lender with quick turnaround times. Poor credit is OK.
Varies
$30,000
16.05%–35.99%* (fixed)
Avant
Conveniently check your loan options without affecting your credit score.
580
$35,000
9.95% to 35.99% (fixed)

Compare up to 4 providers

Rates last updated December 16th, 2018

Reveal your potential loan offers and rates

Answer two quick questions to filter the loan offers and get the best one for you.

Select your credit score range

I don't know my credit score

Finally, select where you live.

To get your credit score:

Experian logo

Experian is a leading provider of personal and business credit reporting. Find out your FICO score now for less than the cost of a cup of coffee.

Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
Name Product Product Description Min. Credit Score Term of Loan Requirements
car.Loan.com Car Loans
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
300
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Auto Credit Express Car Loans
Get connected with an auto lender near you, even if you have bad credit.
300
Typically 3 to 6 years
Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
LightStream Auto Loans
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
Good to excellent credit
Flexible terms
Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
RateGenius Auto Loan Refinance
Connect with a network of over 150 lenders to refinance your car loan.
510
Varies
Income of $2,000+/month, vehicle has less than 150,000 miles and is no older than 8 years, loan balance is between $10,000 and $100,000, debt-to-income ratio is less than 50%
LendingClub Auto Refinancing
Lower your monthly car payments and save on interest through a fast and easy online application process.
Fair or better credit
Minimum of 2 years
Car must be less than 10 years old with fewer than 120,000 miles. Current loan must have a balance between $5,000 and $55,000 and at least 24 months left in its term.
MotoRefi Car Loan Refinancing
A car loan connection service for borrowers looking to refinance.
525
1–6 years
Must have an income of at least $2,000/month and have a vehicle with less than 100,000 miles.
LendingTree Auto Loans
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.
Good to excellent credit
Typically 1 to 7 years
Must be a US citizen and 18+ years old. Must have good to excellent credit.

Compare up to 4 providers

Rates last updated December 16th, 2018
Unfortunately, none of the business loan providers currently offer loans for these criteria.
Name Product Product Description Min Loan Amount Max. Loan Amount Requirements
LoanBuilder, A PayPal Service Business Loans
Customizable loans with no origination fee for business owners in a hurry.
$5,000
$500,000
Annual business revenue of at least $42,000, at least 9 months in business, personal credit score of 550+.
LendingTree Business Loans
Multiple business financing options in one place including: small business loans, lines of credit, SBA loans, equipment financing and more.
Varies by lender and type of financing
Varies by lender and type of financing
Varies by lender, but you many require good personal credit, a minimum business age and minimum annual revenue.
Credibly Business Loans
Funding to cover business expenses with daily or weekly repayments.
$5,000
$250,000
500+ personal credit score, 6+ months in business, $15,000+ average monthly deposits
Lendio Business Loan Marketplace
Submit one simple application to potentially get offers from a network of over 75 legit business lenders.
$500
$5,000,000
Must operate a business in the US or Canada, have a business bank account and have a personal credit score of 560+.
National Funding Small Business Loans
Working capital loans and equipment financing, some high-risk industries may be eligible.
$5,000
$500,000
Be in business at least one year and make at least $100,000 in annual sales. Other loan types have additional requirements.
LendingClub Business Loans
With loan terms that vary from 1 to 5 years, enjoy fixed monthly payments and no prepayment penalties through this award-winning lender.
$5,000
$300,000
12+ months in business, $50,000+ in annual sales, no bankruptcies or tax liens, at least 20% ownership of the business, fair personal credit score or better
OnDeck Small Business Loans
A leading online business lender offering flexible financing at competitive fixed rates.
$5,000
$500,000
500+ personal credit score, 1+ years in business, $100,000+ annual revenue
Fora Financial Business Loans
No minimum credit score requirement and early repayment discounts for qualifying borrowers.
$5,000
$500,000
Business age 6+ months. Monthly revenue $12,000+. No open bankruptcies.

Compare up to 4 providers

How much will it cost me to borrow with Umpqua Bank?

The total cost of your loan depends on the type of financing you’re interested in. Its personal loans and business loans both come with origination fees ranging from $100 to 0.5% of the total amount you’re borrowing — lower than many other lenders out there. And personal lines of credit come with annual fees of $35 or $75 depending on your credit limit.

However, you may be able to score a 0.5% rate discount on most of its loans if you sign up for autopay from your Umpqua Bank account. It doesn’t outline any fees for late or missed payments on its website, so you should request this information before you apply for your loan.

What do borrowers say about Umpqua Bank?

Umpqua Bank doesn’t have the best online reviews. It isn’t accredited with the Better Business Bureau, and its branches tend to have low ratings. Umpqua’s main headquarters receives a D- rating as of November 2018 due to its failure to respond to four complaints filed against it. It averages 2 out of 5 stars based on over 20 customer reviews. It doesn’t have a page on Trustpilot.

Many negative reviews cite poor customer service, hidden fees and issues making loan payments online. One customer complained about being given false information when refinancing their mortgage, which cost them $2,000. Another had their loan application withdrawn by Umpqua at the last minute, leaving them scrambling for funds.

At least two customers left positive reviews, praising Umpqua’s customer service team for stepping up to help them correct issues they experienced in the past.

Are Umpqua Bank loans safe?

Yes, Umpqua Bank is insured by the FDIC, and its website is secured by standard encryption technology. You can find a copy of its privacy policy on its website, which lists how your information is shared. Umpqua doesn’t disclose personal details like your creditworthiness to its partners to market to you, unlike some lenders out there.

How to apply for a loan with Umpqua Bank

For most loans, you need to visit an Umpqua Bank branch to apply in person. To set up an appointment, follow these steps:

  1. Visit Umpqua Bank and click Personal Banking or Business Banking.
  2. Click Personal & Home Loans or Loans & Lines of Credit.
  3. Select the type of loan you’re interested in and click Contact us.
  4. Enter your full name, contact details, ZIP code and your preferred contact method. Click Submit.

Umpqua Bank should reach out to you within one business day to walk you through the application process.

More about Umpqua Bank

Founded in 1953, Umpqua Bank prides itself on its small banking experience. It aims to give customers the opportunity to bank the way that best suits them, rather than having to make room for financial chores in their busy lives. For this, Umpqua Bank offers checking and savings accounts, credit cards and investment accounts on top of its loan offerings so you can keep all of your banking close to home.

Bottom line

Borrowing with Umpqua Bank could be a good fit if you value a local banking experience and live in the Pacific Northwest. Both its personal and business loans come in large amounts with low origination fees and an autopay discount. Just be prepared to visit a branch to apply, since Umpqua Bank lacks an online application for most of its loans.

To see how Umpqua compares to other lenders, read our guide to personal loans.

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US Personal Loans Offers

Important Information*
Credible Personal Loans

Get personalized rates in minutes and then choose a loan offer from several top online lenders.

Even Financial Personal Loans

Get connected to competitive loan offers instantly from top online consumer lenders.

LendingClub Personal Loan

A peer-to-peer lender offering fair rates based on your credit score.

SoFi Personal Loan Fixed Rate (with Autopay)

No fees. Multiple member perks such as community events and career coaching.

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