What are the benefits of a personal loan?
Personal loans can give you quick access to funds for your one-time financing needs. We consider your credit score, , credit history and other factors when making approval decisions.
Current U.S. Bank clients can borrow from $1,000 to $50,000 for a term of 12 to 84 months. Those who aren’t U.S. Bank clients can borrow up to $25,000 for a maximum of 60 months.
How to apply for a personal loan online
Get started by checking your rate.
In as little as 5 minutes we’ll use information you provide to do a soft credit check. It won’t affect your credit score.
Choose the loan option that’s best for you.
Pick a rate and term and fill out your application. We’ll request a full credit report, which may affect your credit score. Typically we’ll notify you with your loan approval status in less than a minute.
Close your loan and receive your funds.
If your loan is approved, you may sign your documents online. Funds are available within one to four business days of loan closing.
How much could your monthly personal loan payment be?
Use our personal loan calculator to estimate your monthly payment. Just give us a few details about yourself and the loan you want, and we’ll give you an estimate.
A personal loan is typically unsecured, which means it’s a loan that doesn’t require collateral. You can use personal loans for many purposes, such as consolidating debt or buying a used car. Personal loans are usually installment loans, which means you receive the entire loan at once and pay it back over time at regular intervals.
When you take out a personal loan your credit score may drop temporarily because you’re taking on new debt. Making your payments on time can help bring your credit score back up.
Your credit score has a major impact on the interest rate and annual percentage rate (APR) you may qualify for. Having a higher credit score leads to lower rates and better terms, whereas having a lower score can result in higher rates and less favorable terms.
To apply for a U.S. Bank Personal Loan you’ll need:
- Social Security number (SSN)
- Home address and employment information
You can apply with another person. If you apply with a joint applicant, their income and credit background are also considered and may affect your interest rate or loan amount.
Once you submit your application, U.S. Bank will request a full credit report, which may affect your credit score.
Typically we’ll notify you with your loan approval status in less than a minute. Once your loan documents are signed, funds are available within one to four business days of loan closing.
