U.S. Bank loans and borrowing options | finder.com

U.S. Bank loans

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Making a big purchase, consolidating debt or boosting your business? Look into a loan with U.S. Bank.

U.S. Bank is the fifth-largest financial institution in the US, operating in 25 states through more than 3,000 offices and 5,000 ATMs. Known for the quality of its services, U.S. Bank offers its customers excellent credit options through flexible loans for nearly any of life’s needs.

USBank logo

What types of loans does U.S. Bank offer?

Personal loans and unsecured lines of credit

U.S. Bank offers personal loans to use for general purposes like consolidating debt, improving your home, or making a large purchase. The personal loans come with fixed monthly payments and competitive interest rates.

U.S. Bank’s Premier Unsecured Lines of Credit limits range from $3,000 to $25,000 and come with competitive fixed rates to fund big events and purchases or consolidate your existing debt.

Auto loans

Buy a new or used car or refinance your current one with rates as low as 3.12% and no down payment required. You can borrow up to $100,000, depending on your creditworthiness.

Business loans

U.S. Bank offers credit to finance major expenses like equipment or grow your company. Enjoy competitive rates and flexible terms — no matter your loan amount. You can finance up to $2 million, depending on your business’s credit history.

If your business requires fast financing, look into a Quick Loan. Quick Loans offer competitive rates, flexible terms, simplified paperwork and fast turnaround on credit requests of up to $250,000.

Home loans

In the market for a new home? U.S. Bank offers a variety of government-backed home mortgage options that come with competitive rates and no origination or application fees. Note that you may be on the hook for third-party fees to pay for credit reports and appraisals, in addition to closing fees that are part of the process.

Want to learn more about U.S. Bank loans?
U.S. Bank personal loan review U.S. Bank business loan review
U.S. Bank auto loan review U.S. Bank Simple Loan review

Compare more loan options

Rates last updated December 11th, 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 score.
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

Why should I consider a U.S. Bank loan?

Rates, terms and benefits vary across the suite of loans offered by U.S. Bank.

Personal loans and unsecured lines of credit

  • Fixed rates. Monthly payments won’t fluctuate to help you budget for repayment.
  • Quick process. Apply online, over the phone or at your local U.S. Bank branch.
  • Reach your goals. Borrow up to $25,000 to consolidate debt, make a major purchase or improve your home.

Auto loans

  • Equal rates for new and used. Get the same rates on any car of up to six years old and 100,000 miles. For new car loans, you can be financed up to $100,000.
  • No down payment. U.S. Bank requires no money up front.
  • Loyalty discounts. If you’re a U.S. Bank account holder, save 0.5% with automatic monthly deductions.

Business loans

  • Fixed rates. Monthly payments that don’t fluctuate help you budget for your monthly payments.
  • Competitive rates. The lower your interest rate, the less money you’ll pay over the life of your loan.
  • Get what your business needs. Get financing of up to $2 million, depending on your creditworthiness and business with U.S. Bank.
  • Fixed terms with collateral. Use your business assets, equipment or titled vehicle as collateral for fixed terms of up to five years.

Home loans

  • Many options. Choose from among fixed-rate mortgages, ARMs, FHA loans, VA loans and jumbo loans. You may also qualify for new construction and investment loans.
  • Lower intro rates. You may be eligible for lower rates for the first stages of your loan.

How much will it cost to borrow with U.S. Bank?

Fees and charges vary across U.S. Bank’s suite of loans.

Personal loans and unsecured lines of credit

U.S. Bank charges no fees for its personal loans or Premier Line Unsecured Lines of Credit. Rates vary based on your credit profile.

Auto loans

For a $20,000 loan at 3.12% and repaid over 48 months, you can expect to pay:
Origination fees of $50 to $125 or up to 1% of the loan amount, depending on your state of residence.
Monthly loan payments of $300.

Business loans

Financing charges vary greatly depending on your business type, loan purpose and the type of business loan you choose.

Home loans

U.S. Bank does not charge origination or application fees. But you could pay for credit reports, appraisals and closing fees that come with completing the process.

Here’s an idea of the types of conventional fixed-rate mortgages you could qualify for:

  • 30-year fixed — 4% rate and 4.072% APR
  • 15-year fixed — 3.375% rate and 3.500% APR
  • 10-year adjustable — 3.500% rate and 3.617% APR
  • 5-year adjustable — 3.125% rate and 3.597% APR

Are U.S. Bank loans safe?

Yes, U.S. Bank’s website includes the strongest available 128-bit encryption to protect any information you enter online. The “closed lock” icon in your browser indicates that your information is encrypted. You can also view its privacy policies on its website at any time, including what information is collected and how you can limit sharing between institutions.

What do borrowers say about U.S. Bank?

Nothing good, as of November 2018. It’s been accredited with the Better Business Bureau (BBB) since 1970 and receives a B+ rating. However, it only scores an average 1 out of 5 stars based on 140 customer reviews, and nearly 2,000 people have filed complaints against the company. It doesn’t fare much better on Trustpilot, earning a rating of 4.7 out of 10 based on 11 customers reviews.

The majority of customer complaints revolved around U.S. Bank’s poor customer service and issues with payments. One auto loan customer cited problems with U.S. Bank losing their payments, and another was charged late fees even though their payments were on time. Others complained about how long the loan application process took, only to be denied an offer in the end.

How to apply for a loan with U.S. Bank

To apply for any U.S. Bank loan, expect to submit the following personal and financial details:

  • Your Social Security number
  • Proof of your employment status, including W-2s and pay stubs
  • Other monthly income
  • Your monthly debt payments
  • The total amount of your debt
  • The total amount of your assets

Personal loans and unsecured lines of credit

Apply for a personal loan or line of credit online, over the phone or at your local bank branch. You must be an existing U.S. Bank customer.

Auto loans

Apply for an auto loan over the phone and at your local U.S. bank branch.

Business loans

Start the process of applying for a business loan by emailing a U.S. bank specialist, visiting your local branch or calling a representative.

Home loans

You can prequalify for a mortgage online, over the phone or at your local branch. Further details will follow if you’re approved.

Pros and cons of U.S. Bank loans

Pros

  • Multiple loan options. U.S. Bank offers auto loans, home loans, lines of credit and more to qualified applicants.
  • Discounts for current customers. If you’re already a U.S. Bank customer, you’re eligible for discounts and other perks.
  • Calculators and other tools. Visit U.S. Bank’s website to determine how much you can afford, calculate your average payment and more.
  • Low fees. You’ll pay no origination or application fee for most U.S. Bank loans.

Cons

  • Limited services. U.S. Bank operates in 25 states only. If you’re not in its service area, you’ll need to look elsewhere. No equity for auto loans.
  • Most loans require autopay. You’ll need to ensure that you have the money in your account on the day the repayment is withdrawn.
  • Limited fund use. Reviews online claim that U.S. Bank required to know how an applicant intended to spend the loan, which could rub some the wrong way.
With loans that come with a simple application process, competitive rates and no origination fees, U.S. Bank could be worth considering.

If you’re not in its service area or simply seek something else, compare your loan options to find one that fits your needs.

Frequently asked questions about U.S. Bank

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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.

Monevo Personal Loans

Quickly compare multiple online lenders with competitive rates depending on your credit score.

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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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.

Monevo Personal Loans

Quickly compare multiple online lenders with competitive rates depending on your credit score.

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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2 Responses

  1. Default Gravatar
    janukaOctober 14, 2018

    Give me emergency loan today 50,000

    • finder Customer Care
      johnbasanesOctober 15, 2018Staff

      Hi Januka,

      Thank you for leaving a question.

      You have reached finder and we are a comparison website that assists users on their financial decisions. If you wish to contact U.S bank to inquire about taking out a $50000 loan, you may call 800-872-2657 to reach them. The page we are on also gives us a comparison table of lenders who you could reach out to when taking out a personal loan. Hope this helps!

      Cheers,
      Reggie

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