Wells Fargo Personal Loan Rates – A white circle with a black border surrounding a chevron pointing upwards. It indicates “click here to return to the top of the page.”
Many or all of the offers on this site are from companies that Insider receives compensation from (see here for a full list). Advertising questions may affect how and where products appear on this site (including, for example, the order in which they appear), but they do not affect editorial decisions, such as which products we write about and how we rate them. Personal Finance Insider researches a wide range of offers when making recommendations; however, we do not guarantee that this information represents all available products or offers on the market.
Wells Fargo Personal Loan Rates
Home Chevron icon Indicates an expandable section or menu, or sometimes previous/next navigation options. Personal finance
Wells Fargo Will Refund Some Mortgage Clients Hit With Rate Lock Fees
Twitter icon Stylized bird with open mouth chirping. Twitter Icon LinkedIn The word “and”. LinkedIn Fliboard Icon Stylized Letter F. Flipboard Facebook Icon Letter F. Facebook Email Icon Envelope. Indicates the ability to send email. Email link icon Image of a chain link. Symbolizes the URL of a website link. Copy the link
Our experts answer readers’ questions about personal loans and write unbiased product reviews (here’s how we rate personal loans). In some cases, we receive a commission from our partners; however, our opinions are our own.
The bottom line: Wells Fargo personal loans are a good choice if you need a lot of money, as you can borrow up to $100,000 from the lender. However, if you are not a current customer, you cannot apply for a personal loan without visiting a branch. The best personal loan for you depends on your credit score, which will determine what you qualify for and may lower your interest rate.
Wells Fargo personal loan amounts range from $3,000 to $100,000 and can be repaid over a period of one to seven years, depending on the terms you and the lender agree to.
Immediately After Logging In, Wells Fargo Has Screen With
Wells Fargo has a slightly lower minimum APR than comparable lenders. You can get a rate of 6.99% with Wells Fargo, while the lowest APR you can get with Marcus at Goldman Sachs is 6.99%. However, you will need to have good credit to qualify for the lowest rates.
Your top rate at Wells Fargo is 23.24%. If your finances aren’t in good shape and you’re worried about being stuck with a higher interest rate, you may want to consider a different lender.
Wells Fargo offers unsecured personal loans that can be used for many reasons, including debt consolidation, home improvement, and major purchases. To get an unsecured personal loan, you do not need collateral, such as a house or a car.
You can get your money as soon as the next business day from Wells Fargo, depending on when your application is approved. Wells Fargo won’t charge you any origination fees or prepayment penalties, but the lender may charge you $39 for late payments.
Wells Fargo Profit Falls 50% On Higher Reserves, Costs
While Wells Fargo offers personal loans in all 50 states, it does not have branches in 14 states. States where branches are not available are Ohio, Michigan, Kentucky, West Virginia, Missouri, Oklahoma, Louisiana, Maine, Vermont, New Hampshire, Massachusetts, Rhode Island and Hawaii.
This can be a problem, as only current customers are eligible to apply for loans through Wells Fargo’s online portal or over the phone. If you are not a customer, you must apply by visiting a branch and speaking to a banker.
To contact customer support, call the lender Monday through Friday from 7:00 a.m. to 7:00 p.m. CT or send a message to the company’s chatbot on its personal loan website. Wells Fargo has a well-reviewed app that has received 4.8 out of 5 stars in the Apple Store and Google Play.
You can receive the money the very next working day after the application and loan approval.
Wells Fargo Is Backing Out Of The Mortgage Market
There is no minimum credit score required to take out a Wells Fargo personal loan. Instead, the company will make its approval decision based on other financial factors, including your credit history, ability to repay and other factors that indicate your overall financial condition.
Other comparable lenders have no minimums, such as Goldman Sachs’ Marcus and Discover. However, you are likely to get a better grade with a higher score.
To get your credit report from one of the three major credit bureaus, use annualcreditreport.com. You can receive your report for free once a week until April 20, 2022. Although you will not receive your credit score in this report, you will receive information about your credit history and payment history. While reviewing your credit report, you can spot mistakes and find out where you can improve.
You can get your score for free on your credit card statement or online bill. You can also buy it from a credit reporting agency.
What To Do If Your Wells Fargo Student Loan Was Just Sold
Checking your interest rates with Wells Fargo will not affect your credit score as the lender will only run a soft credit inquiry. However, Wells Fargo will create an accurate credit inquiry before your loan is closed, which will likely have a negative impact on your credit score. A solid inquiry gives a lender complete insight into your credit history, but it can hurt your credit score.
Wells Fargo does not currently have a Better Business Bureau rating as the BBB, a nonprofit organization focused on consumer protection and trust, is investigating the company’s profile. Historically, the BBB rated Wells Fargo with an F. The BBB measures companies by evaluating companies’ responses to consumer complaints, fairness in advertising, and transparency of business practices.
If Wells Fargo’s history bothers you, you may want to consider other options on Insider’s list of the best personal loans.
Wells Fargo’s interest rates are similar to those offered by comparable lenders – although interest rates will depend on your specific profile. Here’s how Wells Fargo compares to the competition:
Wells Fargo No Longer Offers Student Loans: What This Means For You
You can borrow up to $100,000 from Wells Fargo, which is a much higher maximum loan amount than the $35,000 from Discover. If you need a larger personal loan, Wells Fargo may be a better option.
Wells Fargo’s repayment terms range from one to seven years, while Discover’s terms range from three to seven years. If you want a shorter duration—and to save money on the overall interest in the process—Wells Fargo may be the right choice for you.
What makes Discover special is its 30-day money-back guarantee on personal loans. If within 30 days of receiving the loan you decide you no longer want it—perhaps you found a better interest rate elsewhere—you can return the funds by check and we won’t charge you any interest. Wells Fargo does not have a similar unique benefit.
Neither Wells Fargo nor Marcus by Goldman Sachs has a minimum credit requirement, but if you have a lower credit score, your APR may be higher with Marcus than with Wells Fargo. The top end of Well’s Fargo’s APR range is about 3% lower than Marcus’ range. If your credit is in good standing, you’ll likely pay a slightly lower interest rate at Wells Fargo than at Marcus.
Where To Get A $10,000 Personal Loan
While neither company will charge you an origination fee or prepayment penalty, Wells Fargo may charge a late fee of up to $39. Marcus may be a better option for you if you’re worried about missing a payment.
Marcus offers a three- to six-year loan term, which is tighter than Wells Fargo’s one- to seven-year term. If flexibility in repayment terms is important to you, Wells Fargo may be a better choice.
Editor’s note: Any opinions, analyses, ratings or recommenda
tions expressed in this article are those of the author and have not been reviewed, approved or otherwise endorsed by any card issuer. Read our editorial standards.
Please note: Although the offers mentioned above are accurate at the time of publication, they are subject to change at any time and may have changed or may no longer be available.
How Do Personal Loans Affect Your Credit Score?
Personal Finance Insider offers tools and calculators to help you make smart decisions with your money. We do not give investment advice or encourage you to buy or sell stocks or other financial products. What you do with your money is up to you. If you act on one of the recommendations listed in the calculator, we get a small share of the revenue from our commercial partners. You may think that a personal loan is the solution to your current problem. But you may not know the actual details of the product and how to get it.
That’s why we decided to gather all the essential information you need to get a Wells Fargo personal loan.
That way, you’ll be able to see if it’s right for you. And if it isn’t, you’ll have a basis to start comparing with other financial institutions.
Wells Fargo is the fourth largest bank in the United States. It was founded by Henry Wells and William Fargo on March 18, 1852 in San Francisco, California. Today, they are headquartered in San Francisco, California.
Wells Fargo Credit Cards For March 2023
They currently have more than 8,050 branches and 13,000 ATMs worldwide. They also provide a 24/7 financial phone support service
Apply for a personal loan wells fargo, wells fargo personal loan application, wells fargo personal loan apr, wells fargo home loan rates, wells fargo unsecured personal loan, wells fargo personal loan, wells fargo unsecured personal loan interest rates, wells fargo personal loan credit requirements, wells fargo personal loan interest rates, wells fargo va loan rates, apply for personal loan wells fargo, wells fargo jumbo loan rates