Wells Fargo, online lending platform, offers personal loans for those with good credit. Continue reading the review to find out if Wells Fargo suits you for those with good to excellent credit scores.
They offer funds from $3,000-$100,000 which is a pretty large range, but you have to meet a few of their requirements.
They eliminate several fees such as origination, prepayment or check processing fees. With really excellent credit you can get an APR as low as 7.49%.
Simply follow the application process on the Wells Fargo site and you can start taking out loans at your convenience! The application process only takes but a few minutes to check loan rates and terms. Apply today!
| PROMOTIONAL LINK | LOAN DETAILS | REVIEW |
| PersonalLoans | Loan Amounts: Up to $35,000 Loan Terms: 3 - 6 years Current Rates: See website for current rates | Review |
| SoFi | Loan Amounts: Up to $100,000 Loan Terms: 3 - 7 years Current Rates: See Current Rates | Review |
| LendingTree | Loan Amounts: Up to $35,000 Loan Terms: 1 - 5 years Current Rates: See website for current rates | Review |
| Lending Club | Loan Amounts: Up to $40,000 Loan Terms: 3 - 5 years Current Rates: See website for current rates | Review |
| Prosper | Loan Amounts: Up to $40,000 Loan Terms: 3 or 5 years Current Rates: See website for current rates | Review |
Wells Fargo Information
Apply for a Wells Fargo personal loan today!
| Lender | Wells Fargo |
| APR | 7.49%-24.49% |
| Loan Amount | $3,000 – $100,000 |
| Term Length | 1 to 5 years |
| Origination Fee | None |
| Prepayment Fee | None |
| Late Fee | $39 |
| NSF Payment Fee | $39 |
| Minimum Gross Income | $80,000 |
| Minimum Credit Score | 660-749 |
| Repayment Options | Monthly |
Wells Fargo Personal Loan Eligibility
To qualify for a Wells Fargo personal loan, all applicants must have:
- A minimum credit score of 660 or above
- At least 3 years of credit history
- An average minimal income should be about $80,000
Pros and Cons of a Wells Fargo Personal Loan
- You don’t need to own a home to apply.
- The application is simple and easy to follow.
- Cosigners are welcomed to apply.
- Initial credit check will not affect your credit score. However when your loan is approved, it will show up on the report.
- When approved, funding takes as little as one business day.
- A personal loan from Wells Fargo can be used towards small business, debt consolidation, home improvement, medical bills and other special occasions.
- If you have excellent credit score, your APR can be as low as 7.49%.
- You will need good to excellent credit to qualify for a personal loan.
- They conduct a hard pull since your credit score has to be pretty higher than average
- There is a late payment fee of $39.
How To Apply For a Wells Fargo Personal Loan
- Fill out a brief personal loan application on Wells Fargo’s website for the desired loan amount.
- Get a copy of your credit report. A credit score of 660 or higher is required to apply for a personal loan.
- You will have to provide personal contact information (social security number, date of birth, citizenship, etc), employment status and specify the type of loan and line of credit you are applying for.
Bottom Line
Overall, Wells Fargo is for anyone with good to excellent credit and would like to apply for a personal loan.
They don’t really offer a variety of options and the loans they offer can be unsecured, but with a high demand, they seem pretty trustworthy.
Are you interested in this personal loan from this lender? Please let us know in the comment section below on your experience! If you want to search for more options on taking out the best personal loan, check out our full list of Best Personal Loans.
(Visit Wells Fargo for more details)
Leave a Reply