Wells Fargo Personal Loan Overview
Loan Amounts: $3,000 to $100,000
Terms: 12 to 84 months
APR: Starting at 6.99% (includes a 0.25% discount for autopay from a Wells Fargo account)
Fees: No origination, closing, or prepayment penalties wellsfargo.comwellsfargo.com+4wellsfargo.com+4wellsfargo.com+4wellsfargo.com+3wellsfargo.com+3wellsfargo.com+3
🎯 Eligibility Requirements
Existing Customer: Must have an open Wells Fargo account for at least 12 months
Residency: U.S. citizen or permanent resident
Creditworthiness: Subject to credit approval; a good credit history is recommended
Income: Stable and verifiable income wellsfargo.com+3wellsfargo.com+3wellsfargo.com+3wellsfargo.com
📄 Required Documents
To apply, gather the following:
Personal Information:
Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)
Date of birth
Citizenship status
Email address
Primary phone number
Permanent physical addresswellsfargo.com+1wellsfargo.com+1wellsfargo.com+4wellsfargo.com+4wellsfargo.com+4
Employment and Income:
Employment status and employer name
Work phone number
Gross monthly income and sources
Monthly mortgage or rent payment amountwellsfargo.com+1wellsfargo.com+1wellsfargo.com+4wellsfargo.com+4wellsfargo.com+4
Loan Details:
Loan purpose
Desired term and amount
Preferred payment due datewellsfargo.com+1wellsfargo.com+1wellsfargo.com+1wellsfargo.com+1
Additional documents may be requested, such as:
Recent pay stubs, W-2s, or tax returns
Utility bills (to verify address)
Copy of driver’s license or Social Security card wellsfargo.com+3wellsfargo.com+3wellsfargo.com+3wellsfargo.com+1wellsfargo.com+1
📝 Application Process
Prequalification: Check your rate online with no impact on your credit score.
Application: Complete the online application or visit a Wells Fargo branch.
Review: Wells Fargo will review your application and may request additional information.
Approval: If approved, funds are typically deposited into your Wells Fargo account the same day you accept the loan terms. wellsfargo.com+1wellsfargo.com+1wellsfargo.com+2wellsfargo.com+2wellsfargo.com+2
🌟 Benefits
No Collateral Required: Unsecured loans mean no need for collateral.
Fixed Interest Rates: Predictable monthly payments.
Flexible Terms: Choose a repayment term that fits your budget.
No Fees: No origination, closing, or prepayment penalties.
Quick Access to Funds: Same-day funding upon approval and acceptance. wellsfargo.com+1wellsfargo.com+1
🔗 Useful Links
FAQ – Wells Fargo Personal Loan
1. Can I apply for a Wells Fargo personal loan if I’m not a Wells Fargo customer?
🔹 No, currently Wells Fargo offers personal loans only to existing customers who have had an account for at least 12 months.
2. What is the minimum credit score required for a Wells Fargo personal loan?
🔹 Wells Fargo doesn’t disclose a specific minimum score, but most approved applicants have a good to excellent credit score (typically 680+).
3. How fast will I receive funds if I’m approved?
🔹 If approved and you accept the loan terms, funds are usually deposited the same day into your Wells Fargo account.
4. Does Wells Fargo charge any fees for personal loans?
🔹 No. There are no origination fees, no closing costs, and no prepayment penalties on Wells Fargo personal loans.
5. Can I check my rate without affecting my credit score?
🔹 Yes, Wells Fargo allows you to prequalify online with a soft credit check, which does not impact your credit score.