Wells Fargo borrowing options | Personal loans, home loans and more
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Wells Fargo loans

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

Wells Fargo provides loans for almost anything you need, whether you’re a student starting your undergraduate degree or a small business owner looking to rent your first storefront. With competitive rates, 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 finance your next large purchase.

What types of loans does Wells Fargo offer?

Wells Fargo offers both secured and unsecured loans for every phase of life.

Many of Wells Fargo’s loan options come with an APR discount of 0.25% when you sign up for automatic payments. This can sharply reduce the total cost of your loan, but you’ll want to be sure you can afford the payments before you sign up for this program.

A complete list of Wells Fargo’s available loans

Everyday Loans

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

Home Loans

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

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

Business Loans

  • Unsecured business loan
  • Equipment express loan

Compare Wells Fargo with other lenders

Rates last updated June 23rd, 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 Minimum Credit Score Max. Loan Amount APR
Best Egg Personal Loans
A prime lender with multiple repayment methods.
700
$35,000
5.99%–29.99% (fixed)
Upgrade Personal Loans*
Affordable loans with two simple repayment terms and no prepayment penalties.
620
$50,000
5.96%–35.97% (fixed)
LendingPoint Personal Loans
Get a personal loan with reasonable rates even if you have a fair credit score in the 600s.
600
$25,000
15.49%–34.99% (fixed)
Even Financial Personal Loans
Get connected to competitive loan offers instantly from top online consumer lenders.
580
$100,000
4.99%–35.99% (fixed)
SoFi Personal Loan Fixed Rate (with Autopay)
No fees. Multiple member perks such as community events and career coaching.
740
$100,000
6.199%-15.365% (fixed)
Monevo Personal Loans
Quickly compare multiple online lenders with competitive rates depending on your credit score.
580
$100,000
3.09%–35.99% (fixed)
Prosper
Borrow only what you need for debt consolidation, home improvements and more — with APRs based on overall creditworthiness.
640
$40,000
6.95%–35.99% (fixed)
Laurel Road Personal Loans
Get a personal loan with no application or origination fees and a rate discount for autopay.
680
$45,000
5.5%–11.74% (fixed)
FreedomPlus Personal Loans
Consolidate debt and more with these low-interest loans. Cosigners welcome.
640
$35,000
4.99%–29.99% (fixed)
LendingClub Personal Loan
A peer-to-peer lender offering fair rates based on your credit score.
660
$40,000
5.98%–35.89% (fixed)
CompareFirst Personal Loans
An easy-to-use loan connection service geared toward introducing first-time borrowers to affordable personal loans.
580
$50,000
2.99%–36% (fixed)
OneMain Financial Personal and Auto Loans
An established online and in-store lender with quick turnaround times. Poor credit is OK.
300
$30,000
16.05%–35.99%* (fixed)
NetCredit Personal Loan
Check eligibility in minutes and get a personalized quote without affecting your credit score.
550
$10,000
34%–155% (fixed)

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.
  • Quick access to funds. If you’re approved for a loan, you may be able to receive your funds as soon as the next business day.
  • Minimal fees. With some loans, you’ll pay a $25 annual fee, but there are no origination fees.
  • 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 multiple discounts, though the specifics will depend on your loan.

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 credit.

There’s no origination fee, and you can prepay without incurring harsh 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.

The total cost of the loan will depend on how much you borrow and your interest rate. Before you agree to a loan contract, read it carefully to learn the final amount you’ll be paying at the end of the term.

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 and encrypted to safeguard your private personal and financial information.

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

Benefits that come with a loan from Wells Fargo

  • Transparent rates. Fixed rates mean you’ll know exactly what you’re going to pay each month.
  • Borrow what you need. With loans of up to $100,000, you can finance even the biggest ventures.
  • Check your credit. Access your FICO credit scores for free through Wells Fargo.
  • Get your funds fast. After approval, you may be able to have your funds transferred as soon as the next business day.

Possible drawbacks of a loan from Wells Fargo

Cons

  • Various fee. Some loans have annual fees, and others do have prepayment penalties if you choose to pay off your loan within the first year.
  • Excellent 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.

How do I apply for a loan with Wells Fargo?

Before you apply for any loan, whether it’s through Wells Fargo or another lender, be sure that you can handle the payments.

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 must be a US citizen or permanent resident.

Applying requires that you provide some personal information:

  • Personal details, such as your full name date of birth, Social Security number and a valid form of ID.
  • Contact details, such as your address, email and phone number.
  • Employment details, such as your employer’s name and the length of your employment.
  • Income details, such as your total take home pay and your monthly expenses.

Bottom line

Wells Fargo offers multiple of loan options for every need. Whether you’re looking to grow your business, pay for school, get a car or remodel your home, Wells Fargo can help you fund your next big venture.

Before you decide on a 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

Important Information*
Even Financial Personal Loans

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

Prosper

Borrow only what you need for debt consolidation, home improvements and more — with APRs based on overall creditworthiness.

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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