Wells Fargo Personal Loans

Wells Fargo offers unsecured personal loans to its existing bank customers. Unlike many online personal loan platforms that are open to any consumer, Wells Fargo personal loans are currently available only to people who already have an established Wells Fargo account. If you do not have a Wells Fargo checking or savings account, you would need to open one before applying for a personal loan.

Wells Fargo personal loans can be used for debt consolidation, home improvement, major purchases, and other personal expenses. The loans come with fixed interest rates and fixed monthly payments, so the repayment schedule is predictable from the start. There are no origination fees on Wells Fargo personal loans, and no prepayment penalties if you want to pay the loan off early.

Rates depend on your credit score, income, and the loan amount and term you select. Wells Fargo serves consumers with good to excellent credit for its personal loan products. Customers with automatic payment set up from a Wells Fargo account may receive a rate discount.

Because personal loans from Wells Fargo are restricted to existing customers, this is primarily an option for people who already bank with Wells Fargo and want the convenience of managing a loan with their existing institution. If you do not already have a Wells Fargo account, compare personal loan offers from multiple lenders, including other banks, credit unions, and online lenders, to find the best terms available for your credit profile.

Wells Fargo is one of the largest banks in the United States. Wells Fargo Bank, N.A. is FDIC-insured. Review the full loan agreement including the APR and total repayment cost before accepting any offer.