See how Wells Fargo compares to other lenders
| Wells Fargo
| Discover
| Lending Club
| Citibank
|
Annual Percentage Rate (APR) as low as
| 7.24%, (APR includes a 0.25% relationship discount) | 6.99%
| 5.98%
| 7.99%
|
Origination fee
| $0
| $0
| 1.00% - 6.00% of loan amount
| $0
|
Loan amounts
| $3,000 - $100,000
| $2,500 - $35,000
| $1,000 - $40,000
| $2,000 - $50,000
|
Loan terms
| 12 - 60 months
| 36 - 84 months
| 36 or 60 months
| 12 - 60 months
|
Sign loan documents online
| Yes
| Yes
| Yes
| No
|
Funding often by the next business day
| Yes
| Yes
| No
| No |
Comparison conducted on March 23, 2018 based on data compiled from customer service agent responses and/or the following websites: discover.com, lendingclub.com, and online.citi.com.
Interest Rate Discount
You may be eligible for an interest rate discount with a qualifying Wells Fargo consumer checking account while maintaining automatic payments.
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Your Annual Percentage Rate (APR) will be based on the specific characteristics of your credit application including, but not limited to, evaluation of credit and amount of credit requested. Your actual APR will be determined when a credit decision is made and may be higher than the lowest rate available. At least 5% of approved applicants qualified for this rate based on data from 07/01/2018 to 09/30/2018. The interest rate is fixed for the life of the loan.
To qualify for a customer relationship discount, you must maintain a qualifying Wells Fargo consumer checking account and make automatic payments from a Wells Fargo deposit account. Only one relationship discount may be applied per application. To learn which accounts qualify for the discount, please consult a Wells Fargo banker. If automatic payments are not selected, or are canceled for any reason at any time after account opening, the interest rate and the corresponding monthly payment may increase.
Representative example of loan repayment terms: For $11,000.00 borrowed over 36 months at 12.99% Annual Percentage Rate (APR), the monthly payment is $370.58. This example is an estimate only and assumes all payments are made on time.
New credit accounts are subject to application, credit qualification, and income verification.
Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.
