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.
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.
| Loan type | Loan amount | APR / Rate |
|---|---|---|
| Personal loan | $3,000–$100,000 | 6.74%–25.99% APR |
| Business line of credit (BusinessLine) | Varies | Prime + 1.75% to Prime + 9.75% |
| SBA loans | Varies | Varies |
| Auto loan | Varies | Not listed |
| Mortgage | Varies | Varies |
| Student loan | N/A | No longer offered |
For personal loans, rates currently range from 6.74% to 25.99% APR. Your specific rate depends on your creditworthiness, loan amount and term.
Mortgage rates change daily — check current rates directly at wellsfargo.com/mortgage/rates.
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.
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.
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.
You can apply for a personal loan online, by phone or in person at a branch. You’ll generally need:
Basic eligibility for personal loans:
For auto loans, start at a participating dealership. For mortgages, you can get prequalified online at wellsfargo.com/mortgage without impacting your credit score.
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.
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.
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I would like a loan to install a septic system
Hi John,
Thanks for your comment and I hope you are doing well. You can apply for a personal loan with Wells Fargo loans for your septic system and the first step to getting a loan is to review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.
On our page, you will see a portion of the page that says “How do I apply for a loan with Wells Fargo?” and “eligibility requirements”. Before submitting an application, make sure you have all of these ready before applying.
Hope this helps and feel free to reach out to us again for further assistance, we’re here to help!
Best,
Nikki
Best,
Nikki