Personal Loans

Take control of your financial future with a Wells Fargo Personal Loan

Fixed rate, fixed terms and fixed monthly payments to help manage the monthly budget.

Whether you want to consolidate high interest rate balances, fund a special purchase, or cover a major expense, a Wells Fargo Personal Loan is a great financing option.¹

Benefits of a Personal Loan

A personal loan makes it easy for you to put your financial plan into action. Benefits of a personal loan include:

• Fixed rate, fixed term, and fixed monthly payments
• No origination or prepayment fees
• Competitive Annual Percentage Rate (APR) for the life of the loan²
• No collateral required to qualify
• Loan amounts from $3,000 to $100,000
• Credit decision in as little as 15 minutes and often same-day access to funds
• Interest rate discounts may be available for customers with qualifying Wells Fargo checking accounts³

Benefits of a Time Account (CD)/Savings Secured Loan

If you have a Wells Fargo Time Account (CD) or savings account, you can use it as collateral for a personal loan to get a lower annual percentage rate (compared to an unsecured loan) without touching your savings. Please note the amount in your collateral account equal to the full amount of the loan will not be available for use until the Time Account (CD)/Savings Secured Loan is paid in full.
Why get a Wells Fargo Time Account (CD)/Savings Secured Loan?

• Immediate funding. You may access your funds the next business day after credit approval.
• Preserve savings. You can continue earning interest on your savings and avoid early withdrawal penalties on time accounts (CDs).
• Lower interest rate. You get a lower annual percentage rate by providing approved collateral (such as a Wells Fargo CD) to secure your loan.
• Fixed term and rate. You know exactly how much you’ll pay each month, making it easy to budget.

1. New credit accounts are subject to application, credit qualification, and income verification. Loan terms can range from 12 months to 60 months depending on the loan amount. Before you apply, we encourage you to carefully consider whether consolidating your existing debt is the right choice for you. Consolidating multiple loans means you'll have a single payment each month for that combined debt but it may not reduce or pay your debt off sooner. By understanding how consolidating your debt benefits you, you'll be in a better position to decide if it is the right option for you.

2. The Annual Percentage Rate (APR) will be based on the specific characteristics of your credit application including, but not limited to, evaluation of credit history and amount of credit requested and geographic locations. The interest rate is fixed for the life of the loan.

3.

To qualify for a customer relationship discount, you must maintain a Wells Fargo PMA^® Package, or a qualifying Wells Fargo consumer checking account, and make automatic payments from a Wells Fargo checking or savings account. The relationship discount is 0.50% for PMA Package customers, and 0.25% for qualifying consumer checking account customers. Only one 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.