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Umpqua Bank personal loans review

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Borrow between $1,000 and $100,000 — but only for residents of the Pacific Northwest.

Whether you’re looking to remodel your home or consolidate your credit card debt, Umpqua Bank may be able to help. This regional bank offers both personal loans and lines of credit in amounts topping $100,000 that you can apply for entirely online. They’re only available to residents of five states, however, and you may find more competitive rates elsewhere.


Max. Loan Amount

4.66% (starting at)



Min. Credit Score


Product NameUmpqua Bank personal loan
Min. Loan Amount$1,000
Max. Loan Amount$100,000
APR4.66% (starting at)
Interest Rate TypeFixed
Min. Credit Score650
Maximum Loan Term5 years

What makes Umpqua Bank’s personal loans unique?

Umpqua stands out for its wide range of loan amounts and options. Borrowers can take out as little as $1,000 or as much as $100,000 — higher than many other lenders offer. On top of its secured and unsecured personal loans, Umpqua also offers lines of credit, letting you choose the product that makes the most sense for your financial situation.

Unlike many other banks, you don’t need to have an account with Umpqua to apply. And while you still need to meet basic eligibility criteria to qualify, its credit requirements aren’t as rigid as many other traditional lenders out there.

What is a personal loan from Umpqua Bank?

Umpqua Bank offers both secured and unsecured personal loans between $1,000 and $100,000 with fixed rates. The terms and APRs you may qualify for depend on whether you back your loan with collateral or not.

  • Unsecured personal loan. Loan terms last up to four years and APRs start at 9.52%.
  • Secured personal loan. Backed by a certificate of deposit (CD), loan terms last up to 5 years and APRs of 4.66% (starting at). You’ll need to visit a branch to apply for this option, however.

Both of these products come with an origination fee of $100. You can choose to have this added to your loan principal or pay it up front after you’re approved.

What personal lines of credit does Umpqua Bank offer?

Personal lines of credit give you the flexibility to borrow only the amount you need, when you need it. Umpqua Bank offers two revolving lines of credit with variable interest rates:

  • Expressline. Credit limits go up to $50,000 with APRs starting at 9.7%. This option comes with an annual fee of $35 each year your line stays open.
  • Executiveline. Borrow between $50,000 and $100,000 with APRs starting at 9.5%. However, borrowing this much comes with a $250 origination fee and an annual fee of $75.

If approved, you can withdraw your funds through an online transfer, by phone or check or as an in-store advance.

What are the benefits of a personal loan from Umpqua Bank?

  • Autopay discount. If you sign up for automatic payments from an Umpqua account, you can knock 0.5% off your APR.
  • Wide range of amounts. While you can borrow as little as $1,000 when you need a little extra help, you also have access to up to $100,000 to tackle big expenses.
  • Secured loans available. Umpqua Bank offers secured personal loans for people who want lower interest rates and longer loan terms.
  • Apply jointly. Umpqua Bank allows you to submit a joint application for both its personal loan and line of credit products to increase your chances of approval and score a better rate.

What to watch out for

  • Limited information available. Umpqua offers limited info on its website, so you’ll have to call or visit a branch to learn more about what rates and terms you might qualify for.
  • Origination fee. Unlike some online lenders that don’t charge origination fees, you’ll need to pay $100 to take out a personal loan with Umpqua.
  • Limited availability. Though you don’t need an account to apply, you’ll still need to live in one of the five states it services: Washington, California, Oregon, Nevada or Idaho.
  • May require proof of assets. If you want to take out an unsecured loan of more than $50,000, Umpqua Bank requires you to provide proof that you have that much money in liquid assets.

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Updated December 13th, 2019
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Am I eligible?

To apply for a personal loan or line of credit from Umpqua Bank, you’ll need to meet a few basic requirements.

  • Credit score of at least 650.
  • Debt-to-income ratio below 50%.
  • Resident of Washington, California, Oregon, Nevada or Idaho.
  • At least 18 years old.
  • US citizen or permanent resident.

How do I apply?

You can complete the application for an unsecured personal loan or line of credit in about 10 minutes online. When you apply, have your driver’s license number handy.

  1. Visit the Umpqua Bank site and click Personal Banking.
  2. Select Personal & Home Loans, then click either Personal Loan or Personal Line of Credit.
  3. Click Apply Now under the product you’re interested in.
  4. Choose whether you want to apply individually or jointly and select your loan’s purpose.
  5. Read and agree to the eDisclosure Agreement.
  6. Enter information about yourself, including your full name, driver’s license number and employment details.
  7. Enter any additional information or comments you may have for Umpqua Bank during the consideration process.
  8. Enter and confirm your email address and hit Submit.

Once you submit your application, Umpqua Bank will review your information and get back to you with a decision. If you have any questions, you can contact a branch by emailing onlineaccounts@umpquabank.com or calling 866-486-7782.

If you want to apply for a secured loan, you’ll need to set up an appointment with Umpqua Bank to discuss this in person.
More about Umpqua Bank loans

I got a personal loan from Umpqua Bank. Now what?

Once you’re approved and receive your funds, set up a budget to tackle your monthly payments. For personal loans, you’ll have a fixed payment each month based on your principal and interest. For lines of credit, you’ll only pay interest on what you borrow. But since these products come with variable rates, your payments could change from month to month.

If you have an Umpqua checking account, consider signing up for autopay. You’ll get an interest rate discount, plus you won’t need to remember to manually make payments each month. Keep an eye on your loan balance and account. If you notice anything off, reach out to Umpqua Bank’s customer service team or stop by a local branch.

Bottom line

If you’re already a member of Umpqua Bank or you’re looking to open an account, rest assured there are plenty of borrowing options for needs large and small. However, the rates are on the higher side for a bank, plus you’ll need to live in one of the five states it services to qualify.

Read our guide to learn more about how personal loans work and compare other lenders.

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