Wells Fargo Loans: Personal, Auto, Mortgage & More (2026)

Wells Fargo offers a solid range of loan options, especially for personal borrowing and home financing. Rates are competitive, there are no origination or prepayment fees on personal loans, and most applicants get a same-day credit decision. That said, there are two big things to know upfront: personal loans are only available to existing Wells Fargo customers, and the bank no longer offers student loans (more on that below).

Wells Fargo also carries a notable regulatory history, including a record-setting $3.7 billion CFPB fine in 2022 — though that particular consent order was terminated in January 2025.

What types of loans does Wells Fargo offer?

Personal loans. Wells Fargo personal loans don’t require collateral. You can use the funds for just about anything — home improvements, debt consolidation, major purchases or unexpected expenses. You must be an existing Wells Fargo customer to apply.

Auto loans. Wells Fargo finances new and used car purchases through its nationwide network of nearly 11,000 dealerships. Note: Wells Fargo does not currently offer auto loan refinancing.

Business loans. Small business options include unsecured lines of credit, Equipment Express loans, SBA 7(a) and SBA 504 loans and more. Commercial clients have access to term loans, equipment financing and asset-based lending.

Home loans. Wells Fargo offers conventional, FHA and VA mortgages, refinancing, cash-out refinance and home equity lines of credit. Down payments as low as 3% are available on some conventional loans. First-time buyers may qualify for down payment assistance programs.

Student loans. Wells Fargo no longer offers private student loans. The bank exited the student loan business in January 2021 and transferred its entire portfolio to Firstmark Services (a division of Nelnet). If you’re looking for private student loans, you’ll need to look elsewhere — Sallie Mae, SoFi and College Ave are commonly cited alternatives.

A quick look at Wells Fargo’s loan options

Why consider a loan with Wells Fargo?

• No origination or prepayment fees on personal loans. Wells Fargo doesn’t charge origination fees, closing fees, or prepayment penalties on its personal loans — a genuine plus compared to lenders who tack these on.
• Fast funding. According to Wells Fargo, 97% of personal loan customers received their funds the same day they signed (based on Oct–Dec 2025 data).
• Same-day credit decision. Most personal loan applicants get a decision the same day they apply.
• Autopay discount. Set up automatic payments from a qualifying Wells Fargo deposit account and you can receive a 0.25% interest rate discount.
• Rate check with no credit impact. You can check your personalized rate and loan options without it affecting your credit score before committing to a full application.
• Free FICO score access. Existing customers with eligible accounts can access their FICO score for free through Wells Fargo Online.

Where Wells Fargo falls short

• Existing customers only — personal loans. Wells Fargo only offers personal loans to customers who have had an account for at least 12 months. New customers can’t apply.
• Auto loan refinancing isn’t available. If you’re looking to refinance an existing auto loan, Wells Fargo doesn’t currently offer that option.
• Student loans are gone. Wells Fargo fully exited the student loan space in 2021.
• Minimum loan amount. The minimum personal loan is $3,000. If you need less, you’ll need to look elsewhere.
• Auto loans require a dealership. Wells Fargo auto loans are only available through its dealer network — you can’t apply directly for a new auto loan online.
• Credit requirements. While not published explicitly on their website, Wells Fargo personal loans are generally geared toward borrowers with good to excellent credit.
• Regulatory history. In December 2022, the CFPB ordered Wells Fargo to pay $3.7 billion — $2 billion in consumer redress and a $1.7 billion civil penalty — for widespread mismanagement across auto loans, mortgage servicing and deposit accounts affecting more than 16 million accounts. That specific consent order was terminated in January 2025, which Wells Fargo described as its seventh consent order closed since 2019.

What does it cost to borrow?

For personal loans, rates currently range from 6.74% to 25.99% APR. Your specific rate depends on your creditworthiness, loan amount and term.

• No origination fee
• No prepayment penalty
• Loan terms of 12–84 months (12–36 months for loans under $5,000; 12–84 months for $5,000–$100,000)
• Florida residents: A documentary stamp tax may apply

Mortgage rates change daily — check current rates directly at wellsfargo.com/mortgage/rates.

What do borrowers say about Wells Fargo?

We were unable to verify current third-party review scores against their respective platforms at time of writing — we’d encourage you to check Trustpilot and the Better Business Bureau directly for the most up-to-date customer sentiment before applying.

Historically, customer reviews of Wells Fargo have leaned negative, with common complaints around account management, fee disputes, and customer service responsiveness.

Is borrowing from Wells Fargo safe?

Wells Fargo is one of the largest banks in the US and is FDIC-insured. Its website is encrypted and its digital tools are well-established. That said, its regulatory track record is worth factoring into your decision — particularly if you’ve been affected by any of the past enforcement actions related to auto loans or mortgage servicing.

Compare Wells Fargo with other lenders

5 of 5 results

Updated regularly

Finder Score	APR	Min. credit score	Loan amount
Promoted 9 Excellent SoFi personal loans	9 Excellent	7.74%–35.49% with autopay and member discounts (0.25% each)	680	$5,000 to $100,000	A highly-rated lender with competitive rates, high loan amounts and no required fees.	Go to site View details Compare product selection Compare	loading
Promoted 9.5 Excellent LightStream personal loans	9.5 Excellent	Varies by loan purpose	Good to excellent credit	$5,000 to $100,000	Borrow up to $100,000 with low rates and no fees.	Go to site View details Compare product selection Compare	loading
Promoted 8.5 Great Best Egg personal loans	8.5 Great	6.99% to 35.99%	640	$2,000 to $100,000	Fast and easy personal loan application process. See options first without affecting your credit score.	Go to site View details Compare product selection Compare	loading
9.3 Excellent Upstart personal loans	9.3 Excellent	6.20%–35.99% (includes any origination fee)	300	$1,000 to $75,000	This service looks beyond your credit score to get you a competitive-rate personal loan.	Go to site View details Compare product selection Compare	loading
8.2 Great Upgrade personal loans	8.2 Great	7.74% to 35.99% (includes origination fee)	580	$1,000 to $50,000	Check your rates with this online lender without impacting your credit score.	Go to site View details Compare product selection Compare	loading

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What is the Finder Score?

The Finder Score crunches 6+ types of personal loans across 50+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

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How to apply

You can apply for a personal loan online, by phone or in person at a branch. You’ll generally need:

• Personal details (full name, date of birth, Social Security number, valid ID)
• Contact information (address, email, phone)
• Employment and income details

Basic eligibility for personal loans:

• Must be an existing Wells Fargo customer (account open for at least 12 months)
• Must be a US citizen or permanent resident
• Must be at least 18 years old
• Good to excellent credit is generally required

For auto loans, start at a participating dealership. For mortgages, you can get prequalified online at wellsfargo.com/mortgage without impacting your credit score.

A note on student loans

If you’re searching for Wells Fargo student loans, they no longer exist as a new product. Wells Fargo stopped accepting student loan applications in January 2021 and transferred its loan portfolio to Firstmark Services (a division of Nelnet).

If you had a Wells Fargo student loan, your loan terms didn’t change — only who you make payments to did. For new student loans, consider comparing options from Sallie Mae, SoFi, College Ave or federal loan programs through StudentAid.gov.

Bottom line

If you’re an existing Wells Fargo customer with solid credit, their personal loans are genuinely competitive — no origination fees, fast funding, flexible terms, and decent rates. The Autopay discount is a nice touch.

But if you’re a new customer, shopping for a student loan, or looking to refinance your car, Wells Fargo won’t be able to help you. Before committing, it’s worth comparing a few other lenders to make sure you’re getting the best deal for your situation.

Frequently asked questions

• How long does it take to get a decision on a personal loan?

  Most applicants receive a same-day credit decision. Funding can happen the same day you sign your loan agreement — Wells Fargo reports that 97% of customers received funds the day they signed (Oct–Dec 2025 data).

• Can I consolidate multiple debts using a Wells Fargo personal loan?

  Yes. Wells Fargo personal loans can be used for debt consolidation. However, note that college student loan debt is not eligible for consolidation through a Wells Fargo personal loan.

• Do I need to be an existing Wells Fargo customer to apply?

  Yes, for personal loans, you must have been a Wells Fargo customer for at least 12 months. This does not apply to mortgages or auto loans (through dealerships).

To make sure you get accurate and helpful information, this guide has been edited by Richard Laycock as part of our fact-checking process.

Written by

Bethany Hickey

Banking editor

Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto. Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt. Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others. Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full bio

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Megan B. Shepherd

Editor, Loans & Insurance

Megan B. Shepherd is a personal finance expert and editor for loans and insurance at Finder. Her personal finance expertise has been featured on Forbes, Nasdaq, MediaFeed, Fox News, Time, Reviews.com, and carinsurance.com, adding invaluable information related to personal loans, financial strategies and smart borrowing tactics. Megan graduated from the University of Texas at Dallas with a BS in Business Administration with an entrepreneurial focus. She's worked as a certified financial adviser and has earned certificates of completion from A.D. Banker & Company. See full bio

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