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finder.com’s rating: 4.2 / 5.0
★★★★★
$100,000
Max. Loan Amount
9.02% (starting at)
APR
650
Min. Credit Score
Product Name | Umpqua Bank personal loans |
---|---|
Min. Loan Amount | $1,000 |
Max. Loan Amount | $100,000 |
APR | 9.02% (starting at) |
Interest Rate Type | Fixed |
Min. Credit Score | 650 |
Loan Term | Up to 4 years |
Review by
Kellye Guinan is a writer and editor with Finder and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.
Umpqua Bank’s personal loans are a good option if you live in the Pacific Northwest and have strong credit and a low debt-to-income ratio.
Its rates start at a competitive 4.66% — lower than many lenders out there. And you can borrow as little as $1,000 or as much as $100,000. You can also apply with a coapplicant to increase your chances of qualifying for a lower rate.
But it charges a $100 origination fee — it’s possible to find other personal loan providers that don’t. And you’ll need to live in one of the five states it services to qualify.
Not sure Umpqua Bank is for you? Compare your other options below.
To apply for a personal loan or line of credit from Umpqua Bank, you'll need to meet a few basic requirements:
You can complete the application for an unsecured personal loan or line of credit in about 10 minutes online by following these steps:
You'll need some basic information to submit your application:
Once you submit your application, Umpqua Bank will review your information and get back to you with a decision.
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.
For personal loans, you'll have a fixed payment each month based on your principal and interest. For lines of credit (LOCs), you'll only pay interest on what you borrow. But since LOCs 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 as soon as possible.
See how Umpqua Bank compares to other lenders with our guide to personal loans.
You won't need to have an account in order to apply, but if you choose to create one and set up automatic payments, you can shave 0.5% off your APR.
Yes. When you submit your application for review, Umpqua Bank will run your credit through Equifax to confirm your identity and ensure you're a good candidate for a loan.
We analyze top personal loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, customer reviews, loan amounts, loan processing and borrower experience.
Read the full methodology of how we rate personal loan providers.