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U.S. Bank Personal Loan Calculator, Interest Rates & Overview

Updated 5 March 2024

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U.S. Bank personal loans overview

Whether it’s for home improvement, debt consolidation, emergencies, or other expenses, you can count on flexible personal loans from U.S. Bank. You can secure competitive rates, quick funding, and minimal fees without collateral.

Want to see what a U.S. Bank personal loan will cost? Try the U.S. Bank personal loan calculator below! All you have to do is enter your desired loan amount and term to see an estimate. You can use the calculator to adjust your loan amount and term to see how it might affect your monthly repayments.

Personal loans have an annual percentage rate (APR) varying from around 3% to 36% APR. The interest rates you can receive will depend on a range of factors, such as your credit score, income, and debt-to-income ratio. On a loan of $10,000 over 5 years, the cost could vary between $10,781 and $21,680. The interest cost is between $781 and $11,680.

Key features

Minimum loan amount: $1,000.
Maximum loan amount: $50,000.
Interest rates: 8.24% to 21.49% APR
Loan terms: 12 to 84 months.
Loan fees: No origination fees.
Discounts: Autopay discounts.

U.S. Bank personal loan options

Personal loans

U.S. Bank offers personal loans with competitive rates from 8.24% to 21.49% APR. For U.S. Bank customers, the maximum loan amount is $50,000 with repayment periods of up to 84 months. Then, non-U.S. Bank customers can borrow up to $25,000 with terms of up to 60 months.

Simple loans

If you have a U.S. Bank personal checking account, you can also opt for a Simple loan. With this, you can borrow from $100 to $1,000 whether it’s for a planned or unplanned expense. Plus, Simple loans don’t have missed payment, non-sufficient funds, and late payment fees.

U.S. Bank personal loan calculator

Loan amount

Term

Provider

Product Information

EST Monthly
Repayment

Interest
Rate

Repayment
Period

Loan
Amounts

Sort loans by

Loan Amount

$20,000

Term

3 months

Change

Sorry, no results were found

Featured

Wells Fargo personal loans

Estimated Month Repayments

$606 Inclusive of fees

Interest Rate

5.74%
APR

Repayment Period

12 months
to 84 months

Loan Amounts

$3,000
to $10,000

Go to site

Checking and savings accounts and credit cards for your everyday business expenses and cash management.

Featured

Eastman Credit Union personal loans (Shared Secured Personal Loan)

Estimated Month Repayments

$848 Inclusive of fees

Interest Rate

29.90%
APR

Repayment Period

12 months
to 12 months

Loan Amounts

$1,000
to $20,000

Go to site

ECU offers extraordinary products & services that make life just a little easier.

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Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.

How to apply for a U.S. Bank personal loan

Eligibility criteria

Though U.S. Bank doesn’t specify the criteria for personal loans, you usually need to be:

18 years old or older
A legal resident
Employed or have a dependable source of income

If you’re a U.S. Bank customer, a credit score of 660 or above can help you get funds within hours. But you need a credit score of at least 720 if you’re not a U.S. Bank customer. So, try to build your credit to improve your chances of getting approved for financing.

What you’ll need to have ready

Personal details

When you apply for personal financing with U.S. Bank, you’ll be asked to provide personal information such as:

An email address
Your full name
Address
Social Security number
Employment information
Income details
U.S. citizenship status
A list of monthly expenses

Documents

You can apply for the loan directly on U.S. Bank’s website. During your application, you might need to supply additional documents or information. These may relate to your source of income, bank account details, and address history.

Knowing how to get a personal loan can also up your chances of qualifying for a loan. This will give you an idea about the process and ways to make your application stand out.

Ways to apply for a U.S. Bank personal loan

Apply online by clicking the GO TO SITE link in the table below
Visit a branch
Call 800-872-2657

Additional U.S. Bank personal loan details

Automatic payment: Available.

Loan approval times: Less than a minute.

Rate discounts: 0.50% APR discount with autopay from a U.S. Bank or external personal checking or savings account.

Repayment frequency: Monthly.

Late payment fees: Undisclosed.
Prepayment penalty: $0.

Co-borrowers allowed: Undisclosed.
Co-signers: Undisclosed.

Hardship program: Available. (Learn more).

Ways to repay: Online banking, mobile banking, in a branch, by mail, over the phone, and through wire transfers.

PROS AND CONS

Pros

Competitive rates.
Flexible repayment terms.
No origination fees.
No prepayment penalties.
No collateral needed.
Fast approval.
Quick funding.
0.50% APR discount with autopay.
Fixed interest rate for easier budgeting.
Easy online application.

Cons

Not available in all states.
Lower maximum loan amount for non-U.S. Bank customers.
Potential higher rates for applicants with low credit scores.

FREQUENTLY ASKED QUESTIONS

How to apply for a U.S. Bank personal loan?

You can submit an application online, call or request a call, or visit one of the bank’s branches.

How long does a U.S. Bank personal loan take to be approved?

The bank usually takes less than a minute to make loan decisions.

How much can I borrow from U.S. Bank?

If you’re a current U.S. Bank customer, you may borrow up to $50,000. But if not, the max. amount you can borrow is $25,000.

How much interest does the U.S. Bank charge on loans?

Personal loan rates range from 8.24% to 21.49% APR. Note though that your rate will be based on your credit score, loan amount, purpose, and term.

Are U.S. Bank personal loans fixed or variable?

U.S. Bank personal loans have fixed interest rates.

What is the maximum length of a U.S. Bank personal loan?

You can pick repayment terms of up to 84 months. But if you’re not a current U.S. Bank customer, the max. term is 60 months.

U.S. Bank Personal Loan Calculator, Interest Rates & Overview