Personal Loans

It's a way to borrow money to pay for just about anything you need, like home improvements, debt consolidationFootnote 2², major purchases, and more. Personal loans are unsecured, which means there's no collateral, like the equity you own in your car or house. You receive funds in one lump sum and pay the loan back in fixed monthly payments, with interest calculated into the repayments. Wells Fargo offers loans from $3,000 to $100,000 with terms of 12, 24, 36, 48, 60, 72, and 84 months.Footnote 4⁴

With Wells Fargo, the whole process is hassle-free. First, you take a moment to check your personalized rate and payment options with no impact on your credit score. Then, choose the option that's right for your budget and complete the easy application online or by phone.

Your interest rate for a Wells Fargo personal loan is an annual percentage rate (APR). The APR is calculated based on a number of factors, including your loan amount, term, and credit history. When you check your loan options for a specific loan amount, you can see the rate.

It's all streamlined, every step of the way. First, checking your rate takes only a few minutes. From there, once you select the loan you want to move forward with, the application takes just a few minutes. Then, most customers get a same-day decision. Once you're approved, you could receive funds as soon as the same day you sign for your loan.Footnote 7⁷

To be eligible to apply, you need to be a Wells Fargo customer for at least 12 months and meet other applicant requirements. To complete your application, you'll need to provide certain documents and information regarding your employment, income, and other qualifications. You can find everything required on our handy Application Checklist. Finally, after you accept your loan terms, you'll need to provide your signature and a few other details.

Checking your loan options, including your rates and terms, will not affect your credit score. Please note that once you make a selection and submit an application, there will be a full credit report requested from at least one credit bureau. This is considered a hard credit pull and can impact your credit score.