Personal loans at U.S. Bank (2024)

FAQs

How long does the U.S. Bank take to approve a personal loan? ›

Usually we'll notify you with your loan approval status in less than a minute. If you're approved, electronic funding of your account can take between one and four days.

U.S. Bank Personal Loans and Home Improvement Personal Loans offer fixed APRs ranging from 5.99% to 18.49% with terms from 12 to 60 months, and there are no origination fees or prepayment penalties. Current U.S. Bank customers can borrow $1,000 to $50,000 and noncustomers up to $25,000.

HDFC Bank offers pre-approved loans to customers in 10 seconds flat*. Non – HDFC Bank customers can get loans in 4 hours. If you've wondered how to get an instant loan, wonder no more.

You need a credit score of at least 750 to get most U.S. Bank credit cards, but the actual credit score requirements vary by card. One of the easiest U.S. Bank credit cards to get is the U.S. Bank Secured Visa® Card, which accepts applicants with bad credit and has a $0 annual fee.

Credit Score and Financial History

Typically, U.S. Bank requires a FICO score of 660 or above for approval.

Do you qualify for a U.S. Bank personal loan? U.S. Bank's minimum credit score is 660. The lender does not list other personal loan requirements, such as a minimum monthly income.

The monthly payment on a $3,000 loan ranges from $41 to $301, depending on the APR and how long the loan lasts. For example, if you take out a $3,000 loan for one year with an APR of 36%, your monthly payment will be $301.

Payday loans are short-term loans — typically $500 or less — designed to be paid back by your next pay period. Most payday lenders don't check your credit, so these are among the easiest loans to get approved for. However, don't let that sway you.

Does U.S. Bank run your credit? ›

Reports indicate U.S. Bank pulls credit scores and reports from TransUnion most often, but this isn't always the case. The card issuer also sometimes pulls credit scores from Equifax and Experian.

Who Is U.S. Bank Best for? U.S. Bank should appeal to most customers who want a reputable, long-standing bank with a full range of deposit accounts and financial services. It might be a particularly good fit if you: Want a lot of different options to park your money in a CD.

In general, people who have a FICO® Score 8 or FICO® Score 9 of at least 670 or a VantageScore 3.0 or VantageScore 4.0 of at least 661 are considered to have good credit or excellent credit, which means they may find it easier to qualify for a personal loan.

U.S. Bank: You can typically get a loan decision within a minute online and funds within one business day of loan closing. Upstart: Many loans are approved instantly, and your funds can be transferred the next business day.

The application to hiring timeframe for each role depends on a variety of factors, including how many applications the role receives – but overall, please allow up to two weeks to hear from us.