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Personal Loan FAQs

Before You Apply

To be eligible for a personal loan, you are required to have an open Wells Fargo account for at least 12 months.

See our current interest rates or check your rate in minutes with no impact to your credit score. Apply when you're ready.
 

To qualify for a customer relationship discount, you must have a qualifying Wells Fargo consumer checking account and make automatic payments from a Wells Fargo deposit account. Consumer checking accounts offered below are subject to change without notice. If automatic payments are canceled, for any reason at any time, after account opening, the interest rate and the corresponding monthly payment may increase. Only one relationship discount may be applied per application.

Consumer checking accounts qualifying for a 0.50% interest rate discount

  • Private Bank Checking
  • Private Bank Interest Checking
  • Wells Fargo Premier Checking
  • Wells Fargo Prime Checking
  • Team MemberSM Checking

Consumer checking accounts qualifying for a 0.25% interest rate discount

  • Clear Access BankingSM
  • Crown Banking® Checking
  • Wells Fargo Everyday Checking
 
A hard inquiry is captured on your credit report and indicates to other financial organizations that you have applied for credit. It may also impact your credit score. A soft inquiry does not impact your credit score and can only be seen by you if you request a copy of your credit report.
 

Application

We recommend that you get started by checking your rates with no impact to your credit score. You can continue to apply when you're ready.

You may also:

For most applications, you can track your application status online if you share your email address with us at the time of application. We'll send you an email telling you how.

 
To complete an application, please refer to the Application Checklist.
 

We offer personal loans ranging from $3,000 to $100,000.

  • 12 – 36 months for personal loans ranging from $3,000 to $4,999.
  • 12 – 84 months for personal loans ranging from $5,000 to $100,000.

Loan Decisioning Process

You could have a quick credit decision, typically the same day.

For most applications, you can track your application status online if you share your email address with us at the time of application. We'll send you an email telling you how.

 

For most applications, you can track your application status online if you share your email address with us at the time of application. We'll send you an email telling you how.

If you agree to the terms:

  • Review your documents
  • Sign and accept your documents
  • Receive your funds

If your Personal Loan is approved and you have accepted the loan terms, your funds will be deposited into your designated Wells Fargo Checking or Savings account on the same day you have completed signing of the loan agreement. Cashier's check typically takes 5 to 7 business days to arrive via the mail to the address on your application. Cashier's check option is only available to customers who do not own a Wells Fargo Checking or Savings account.
You can direct funds to pay your creditors once you have received your loan funds in your Wells Fargo account or deposited the cashier's check you received in the mail.

There are many ways that you can make payments:

  • Sign on to Wells Fargo Online® to make a one-time or set up recurring payments.
  • Set up automatic payments from your checking or savings account using Wells Fargo Online.
  • Pay in person at your local Wells Fargo branch.
  • Call us to pay by phone

    1-877-269-6056 Monday – Friday 7:00 am – 7:00 pm Central Time
  • Mail your payment in U.S. dollars payable to Wells Fargo Bank, N.A. Mailed payments must be in the form of a personal check, cashier’s check or money order, capable of being processed through the Federal Reserve System. Please send your payment remittance coupon that is attached to your monthly statement.

Your regular monthly payment of principal and interest will remain the same for the life of the loan. Your payment amount will be determined by the amount you borrow, the length of time or term of the loan, and the interest rate. Please note that any fees or other changes assessed to the account during the billing cycle, plus any past due amount from the previous statement, will be added to your monthly payment and shown as the total amount due. 

For new loans, you can estimate rate and payment amounts with our rate checker with no impact to your credit score.

Loan payments will be due monthly.
Yes. You can change your payment due date. To do so, please call customer service at 1-877-269-6056.
Yes. Our personal loans require no prepayment penalty. You are welcome to pay off the loan at any time or pay more than the amount due. Any payment made greater than the amount due will be applied first to any outstanding interest or fees and then to your principal balance. This can reduce the overall interest you pay over the term of the loan.

Active-duty service members and their families may qualify for special military benefits. Contact Wells Fargo Military Banking by calling 1-855-USA-2WFB (1-855-872-2932), Monday – Friday, 7 am – 8 pm, Central time

Additional resources

For more information about Wells Fargo's commitment to service members, please visit Military Banking on wellsfargo.com.

Personal loans do not have an origination fee.
If you are a Florida resident, a documentary stamp tax could apply. Check with your local or state government for additional guidance.

Before You Apply

To be eligible for a personal loan, you are required to have an open Wells Fargo account for at least 12 months.

See our current interest rates or check your rate in minutes with no impact to your credit score. Apply when you're ready.
 

To qualify for a customer relationship discount, you must have a qualifying Wells Fargo consumer checking account and make automatic payments from a Wells Fargo deposit account. Consumer checking accounts offered below are subject to change without notice. If automatic payments are canceled, for any reason at any time, after account opening, the interest rate and the corresponding monthly payment may increase. Only one relationship discount may be applied per application.

Consumer checking accounts qualifying for a 0.50% interest rate discount

  • Private Bank Checking
  • Private Bank Interest Checking
  • Wells Fargo Premier Checking
  • Wells Fargo Prime Checking
  • Team MemberSM Checking

Consumer checking accounts qualifying for a 0.25% interest rate discount

  • Clear Access BankingSM
  • Crown Banking® Checking
  • Wells Fargo Everyday Checking
 
A hard inquiry is captured on your credit report and indicates to other financial organizations that you have applied for credit. It may also impact your credit score. A soft inquiry does not impact your credit score and can only be seen by you if you request a copy of your credit report.
 

Application

We recommend that you get started by checking your rates with no impact to your credit score. You can continue to apply when you're ready.

You may also:

For most applications, you can track your application status online if you share your email address with us at the time of application. We'll send you an email telling you how.

 
To complete an application, please refer to the Application Checklist.
 

We offer personal loans ranging from $3,000 to $100,000.

  • 12 – 36 months for personal loans ranging from $3,000 to $4,999.
  • 12 – 84 months for personal loans ranging from $5,000 to $100,000.

Loan Decisioning Process

You could have a quick credit decision, typically the same day.

For most applications, you can track your application status online if you share your email address with us at the time of application. We'll send you an email telling you how.

 

For most applications, you can track your application status online if you share your email address with us at the time of application. We'll send you an email telling you how.

If you agree to the terms:

  • Review your documents
  • Sign and accept your documents
  • Receive your funds

If your Personal Loan is approved and you have accepted the loan terms, your funds will be deposited into your designated Wells Fargo Checking or Savings account on the same day you have completed signing of the loan agreement. Cashier's check typically takes 5 to 7 business days to arrive via the mail to the address on your application. Cashier's check option is only available to customers who do not own a Wells Fargo Checking or Savings account.
You can direct funds to pay your creditors once you have received your loan funds in your Wells Fargo account or deposited the cashier's check you received in the mail.

There are many ways that you can make payments:

  • Sign on to Wells Fargo Online® to make a one-time or set up recurring payments.
  • Set up automatic payments from your checking or savings account using Wells Fargo Online.
  • Pay in person at your local Wells Fargo branch.
  • Call us to pay by phone

    1-877-269-6056 Monday – Friday 7:00 am – 7:00 pm Central Time
  • Mail your payment in U.S. dollars payable to Wells Fargo Bank, N.A. Mailed payments must be in the form of a personal check, cashier’s check or money order, capable of being processed through the Federal Reserve System. Please send your payment remittance coupon that is attached to your monthly statement.

Your regular monthly payment of principal and interest will remain the same for the life of the loan. Your payment amount will be determined by the amount you borrow, the length of time or term of the loan, and the interest rate. Please note that any fees or other changes assessed to the account during the billing cycle, plus any past due amount from the previous statement, will be added to your monthly payment and shown as the total amount due. 

For new loans, you can estimate rate and payment amounts with our rate checker with no impact to your credit score.

Loan payments will be due monthly.
Yes. You can change your payment due date. To do so, please call customer service at 1-877-269-6056.
Yes. Our personal loans require no prepayment penalty. You are welcome to pay off the loan at any time or pay more than the amount due. Any payment made greater than the amount due will be applied first to any outstanding interest or fees and then to your principal balance. This can reduce the overall interest you pay over the term of the loan.

Active-duty service members and their families may qualify for special military benefits. Contact Wells Fargo Military Banking by calling 1-855-USA-2WFB (1-855-872-2932), Monday – Friday, 7 am – 8 pm, Central time

Additional resources

For more information about Wells Fargo's commitment to service members, please visit Military Banking on wellsfargo.com.

Personal loans do not have an origination fee.
If you are a Florida resident, a documentary stamp tax could apply. Check with your local or state government for additional guidance.
Personal Loan Rates
Get started by checking your rates with no impact to your credit score. Apply when you're ready.
Already Applied?

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Representative example of repayment terms for an unsecured personal loan: For $16,000 borrowed over 36 months at 12.99% Annual Percentage Rate (APR), the monthly payment is $539. This example is an estimate only and assumes all payments are made on time.

Before you apply, we encourage you to carefully consider whether consolidating your existing debt is the right choice for you. Consolidating multiple debts means you will have a single payment monthly, but it may not reduce or pay your debt off sooner. The payment reduction may come from a lower interest rate, a longer loan term, or a combination of both. By extending the loan term, you may pay more in interest over the life of the loan. By understanding how consolidating your debt benefits you, you will be in a better position to decide if it is the right option for you. New credit accounts are subject to application, credit qualification, and income verification.

Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.

QSR-07052025-6200385.1.1

LRC-0124