Wells Fargo loans

Wells Fargo offers tailored financing for just about every life stage.

Wells Fargo provides loans for almost anything you need, whether you’re a student starting your undergraduate degree or a small business owner looking for your first storefront. With competitive APRs, no origination or early repayment fees and online tools to help you manage your loan, you can be sure you’re not paying more than you need to.

Apply for both secured and unsecured personal loans with Wells Fargo. Secured loans require collateral, but generally come with lower interest rates than unsecured. If you don’t have collateral, you can still receive a discount if you have an existing relationship with Wells Fargo.

With some Wells Fargo personal loans, you can receive your money in as little as one business day after approval. When you need financing in a hurry, you can count on getting your funds quickly.

What types of loans does Wells Fargo offer?

A complete list of Wells Fargo’s current loan offerings

Family life

  • Personal loan
  • Private student loan
  • Private consolidation student loan
  • Graduate student loan
  • MedCAP

Home

  • Mortgage
  • Refinance mortgage
  • Home equity line
  • Home improvement loan
Vehicle

  • Auto refinance
  • New car loan
  • Used car loan
  • Private car loan
  • Leased car loan

Business

  • Unsecured business loan
  • Equipment express loan

Compare Wells Fargo to alternative online lenders

Rates last updated December 12th, 2017

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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 Requirements
Laurel Road Personal Loans
Get a personal loan with no application or origination fees and a rate discount for autopay.
680
$45,000
From 5.5% (fixed)
Must be a US citizen or permanent resident with a valid I-551 card. Best for people w/ 680+ credit scores and $60,000+ annual income.
Even Financial Personal Loans
Get connected to competitive loan offers instantly from top online consumer lenders.
580
$100,000
From 4.99% (fixed)
Must have a minimum credit score of 580+. Must be 18+ years old and be an American citizen or permanent resident.
LendingClub Personal Loan
A peer-to-peer lender offering fair rates based on your credit score.
660
$40,000
From 5.99% (fixed)
You must be over 18 years of age, a permanent resident of the US or an American citizen and have a steady source of income.
Prosper Personal Loan
Borrow only what you need for debt consolidation, home improvements, special occasions and more — with APRs based on your credit score.
640
$35,000
From 5.99% (fixed)
Must be 18+ years old, an American citizen or US permanent resident and have a 640+ credit score.
SoFi Personal Loan Fixed Rate (with Autopay)
Borrow up to $100,000 with a competitive APR and no fees.
Good to excellent credit
$100,000
From 5.49% (fixed)
You must be a US citizen or permanent resident, and 18 years or older.
LendingPoint Personal Loans
Get a personal loan with reasonable rates even if you have a fair credit score in the 600s.
600
$25,000
From 15.49% (fixed)
Must have a fair credit score of 600 or better and verifiable income. Must live in a state where LendingPoint services.
NetCredit Personal Loan
Check eligibility in minutes and get a personalized quote without affecting your credit score.
550
$10,000
From 34%% (fixed)
Varies depending on your state of residence.

Compare up to 4 providers

Why should I consider taking out a loan with Wells Fargo?

  • Great rates. Rates, terms and monthly payments are fixed. With excellent credit, your rates can be as low as 6.99%, making your payments more affordable. Sometimes you’ll be offered discounts.
  • Quick access to funds. If your application is approved and you accept the terms of the loan, funds may reach your account in as little as one business day.
  • Minimal fees. With some loans, you’ll pay a $25 annual fee, but there are no origination fees and you won’t get dinged for prepayment.
  • Online account management. Complete and submit your application online if you’re already a Wells Fargo customer. Once you get your loan, you can view your balance and make payments online.
  • Payment options. If you’re a Wells Fargo checking or savings account holder, you can have your payments automatically deducted from your account. You can also make payments online, in person at your local Wells Fargo branch, by phone or by mail.
  • Discounts for qualifying customers. If you have a qualifying existing relationship with Wells Fargo and set up automatic payments through a Wells Fargo deposit account, you can receive a discount of up to 0.50%.

How much will a Wells Fargo loan cost?

Wells Fargo offers competitive APRs that range from 1.00% to 23.99%, depending on the loan type, repayment terms and your creditworthiness.

There’s no origination fee, and you can prepay without incurring penalties or steep fees. With some loans, you’ll pay an annual fee of $25 and late and returned payment fees of $39 if you can’t pay on time or your payment doesn’t go through.

Are Wells Fargo loans safe?

Backed by more than 160 years of reputation and service, Wells Fargo has a longstanding history within the US. Its website is easy to use, offering customer support and encryption to safeguard information.

If you’re having trouble or have questions, contact customer service by phone, by live chat or at a Wells Fargo branch.

How do I apply for a loan with Wells Fargo?

You’ll need to meet the following requirements:

  • You must have a good to excellent credit.
  • You must be at least 18 years old.
  • You should be an American citizen or a permanent resident of the US.
  • Your income and assets must support your existing debt obligations and the loan amount.

Applying requires that you provide some personal information:

  • Your full name, date of birth, Social Security number and a valid form of ID, such as your driver’s license or passport.
  • Your home address, email address and phone number.
  • Details about your employment.
  • Details about your income and expenses.

Benefits and drawbacks of Wells Fargo loans

Pros

  • Transparent rates. Fixed rates and repayments mean knowing exactly what you’re going to pay each month. Discounts lower the cost and duration of the loan.
  • Borrow what you need. With loans of up to $100,000, you can finance even the biggest ventures.
  • Creditworthiness in check. Access your FICO credit scores for free through Wells Fargo.
  • Get funds fast. After approval, you can receive your funds within one business day.
Cons

  • Annual fee. There’s an annual fee of $25 for a personal or secured line of credit.
  • Credit requirement. Though it’s not shown online, Wells Fargo favors those with good to excellent credit ratings.
  • Minimum amount. If you’re looking for a smaller loan, Wells Fargo may not be the best option. The minimum personal loan amount is $3,000.

Bottom line

Wells Fargo offers plenty of personal loan options. Whether you’re looking to grow your business, pay for school, get a car or even remodel your home, this bank can meet your needs.

But before you decide on any loan, be sure to compare other lenders to make sure you’re getting the best deal.

Have questions about Wells Fargo loans?

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US Personal Loans Offers

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Even Financial Personal Loans

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

Prosper Personal Loan

Borrow only what you need for debt consolidation, home improvements, special occasions and more — with APRs based 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)

Borrow up to $100,000 with a competitive APR and no fees.

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