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Wells Fargo personal loans review

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Wells Fargo offers loans up to $100,000 for borrowers with excellent credit.’s rating: 3.8 / 5.0


  • Best for existing Wells Fargo customers looking for money fast.
  • Pick something else if you don't have the best credit.


Max. Loan Amount

5.24% to 20.24%



Min. Credit Score


Product NameWells Fargo Personal Loans
Min. Loan Amount$3,000
Max. Loan Amount$100,000
APR5.24% to 20.24%
Interest Rate TypeFixed
Min. Credit ScoreVaries
Late Fee$39
Minimum Loan Term1 year
Maximum Loan Term7 years
Turnaround TimeAs few as 1 business day(s)

Expert review

Aliyyah Camp

Review by

Aliyyah Camp is a writer and personal finance blogger who helps readers compare personal, student, car and business loans. Aliyyah earned a BA in communication from the University of Pennsylvania and is based in New York, where she enjoys movies and running outdoors.

Expert review

Wells Fargo’s personal loans are ideal for existing customers looking to borrow money fast. You can fill out an application online, and if approved, you might be able to receive your funds the next business day.

It offers loans up to $100,000 with low starting rates compared to other lenders out there. And you might be able to score a discount off your interest rate if you have a qualifying Wells Fargo account and sign up for autopay.

But you need to have good to excellent credit to qualify. It also might not be a good option if you don’t already have an account with the bank — you’ll have to visit a branch in person to apply.

Not sold on Wells Fargo? Compare your other options below.

First, am I eligible?

To qualify for a personal loan from Wells Fargo, you need to meet the following criteria:

  • You must be able to show that you can pay back the loan.
  • You must be at least 18 years old.
  • You must be a US citizen or a permanent resident.

What personal loans does Wells Fargo offer?

Wells Fargo offers three types of personal loans: unsecured loans, secured loans and lines of credit.

  • Unsecured loans. With loan amounts up to $100,000 and no annual fee, an unsecured loan could be useful for consolidating debt or covering a large expense. No collateral means you minimize your personal risk.
  • Secured loan. Secured loans use your Wells Fargo CD or savings account as collateral for your loan. This can keep your interest rate lower so that you can spend less on the money you borrow.
  • Lines of credit. Lines of credit can be unsecured or secured. You’ll have access to your credit limit whenever you need it, and only pay interest on the amount you borrow.

Wells Fargo’s personal loan options have fixed rates, while its line of credit has a variable rate and an annual fee of $25.


  • Competitive rates starting at 5.24%
  • Large maximum loan amount of $100,000
  • No origination fee
  • 0.25% customer relationship and autopay discount
  • Secured and unsecured options available
  • Coapplicants allowed


  • Good to excellent credit required
  • Need to apply in person if you’re not a Wells Fargo customer

Compare other personal loan providers

Updated March 30th, 2020
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
Credible Personal Loans
3.99% to 35.99%
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Fiona Personal Loans
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Monevo Personal Loans
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Even Financial Personal Loans
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Upgrade Personal Loans
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PenFed Credit Union Personal Loans
6.49% to 17.99%
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SoFi Personal Loans
5.99% to 18.64%
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Compare up to 4 providers

Personal lines of credit from Wells Fargo

If you’d rather not borrow a term loan, Wells Fargo also offers lines of credit of $3,000 to $100,000 for eligible account holders. There are no balance transfer or cash advance fees. You only pay a $25 annual fee for each year your line of credit is active. Interest rates are variable and range between 10.00% to 21.50%, and some Wells Fargo customers may even qualify for a rate discount of 0.25%.

The application process is similar to that for personal loans. You’ll need to have details about yourself, your employment and your income ready as well as know how much you want to borrow. If approved, your funds may be available as soon as the next business day.

How do I apply?

To apply for a personal loan from Wells Fargo, follow these steps:

  1. Visit Wells Fargo’s personal loans page and click Apply Now.
  2. Sign in to have your application prefilled with your personal information.
  3. Enter any additional information about your employment, income or assets.
  4. Read Wells Fargo’s disclosures and submit your application.

What information do I need to apply?

Applying for a personal loan from Wells Fargo requires that you provide some personal information, including:

  • Social Security number
  • Government-issued picture ID
  • Details about your employment
  • Details about your income and expenses

More about Wells Fargo loans

What happens after I apply?

While turnaround varies, it typically takes anywhere from a few minutes to two hours for a decision to be reached. If approved, it can take as little as one business day from the time you accept your loan to get funded.

How do repayments work with Wells Fargo?

Payments are due monthly, and you can make repayments online and set up automatic payments through your Wells Fargo account. A line of credit payment will be due on the months you carry a balance. You should expect to pay an annual fee of $25 for your line of credit, and you may incur additional fees if you fail to make a timely payment towards your loan.

4 more loans from Wells Fargo

NameMin Credit ScoreMax Loan AmountAPR
Wells Fargo Personal LoansVaries$100,000 5.24% to 20.24% Read review
Wells Fargo Business LoansVaries$100,000 8% to 22.99% Read review
Wells Fargo Student LoansVaries$120,000 4.8% to 11.26% Read review
Wells Fargo Auto Loans680$300,000 Varies Read review

Don’t have the best credit? Compare other options with our guide to personal loans.

Frequently asked questions

Personal loan ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

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.

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  1. Default Gravatar
    October 19, 2018

    I have a loan with Wells Fargo and it will be paid off next month . I would like to know if I can get another loan same amount of money

    • Avatarfinder Customer Care
      October 22, 2018

      Hi Doris,

      Thanks for your inquiry!

      Generally, you can get another loan with the same lender if you have good income and good credit score and other eligibility criteria which lender or bank will ask. Also, your previous loan must be paid off first before getting a new one.

      Speak with your current lender and ask how you could go about applying for another loan. Should you need further assistance, feel free to reach out to us again.



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