Item: Wells Fargo Personal Loan
Rating: 4.5
Author: Jackie Veling

4.5

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4.5

NerdWallet Rating

Est. APR

6.74 - 26.74%

Min. credit score

None

Time to fund

1 day

Loan amount

$3K - $100K

Loan term

1 to 7 years

Overview

Wells Fargo offers unsecured personal loans to existing customers. The loans have minimal fees and come in a wide range of amounts and repayment terms, so borrowers can customize the loans to fit their needs.

The lender also offers a separate small-dollar loan called the Flex Loan that's available to preapproved customers in the Wells Fargo mobile app.

» MORE: Compare the best personal loans

What Wells Fargo is best for

Best Banks For Personal Loans

Best Personal Loans for Excellent Credit

Best Long-Term Personal Loans

Detailed breakdown

Affordability

(25%)

4.5/5

We review lenders’ annual percentage rate offerings and the competitiveness of each lenders’ APR range. We also assess whether a lender charges an origination fee and any opportunity for borrowers to receive a rate discount.

Customer experience

(20%)

5/5

We consider the experience of the consumer trying to manage a personal loan, which means accessibility of customer service representatives, whether borrowers can choose and change their payment due date, and the ability to track their loan on a mobile app.

Underwriting and eligibility

(20%)

4.5/5

We consider the rigorousness of each lender’s underwriting practices and how widely available their loans are. This category includes whether a lender does a hard credit check before providing a loan, the range of credit profiles they accept and how many states their loans are offered in.

Loan flexibility

(20%)

4.5/5

We assess how flexible lenders can be with borrowers, including whether they offer multiple loan types, personal loan amounts and repayment term options and whether they offer direct payment to creditors on debt consolidation loans.

Application process

(15%)

4.5/5

We consider the lender’s full application process, including a borrower’s ability to preview their loan offer via pre-qualification, whether basic loan information such as APR range and repayment terms are available and easy to find online and how quickly a loan can be funded after approval.

Overall

4.5/5

Read more about our ratings methodology for personal loans.

Where Wells Fargo personal loans stand out

Soft credit check to pre-qualify: Wells Fargo lets customers pre-qualify with no hard credit check before applying for a personal loan. By pre-qualifying, borrowers can preview their potential interest rate and compare it to offers from other lenders.
Wide range of repayment terms: Borrowers can choose from a number of repayment terms. For loans under $5,000, one- to three-year terms are available. For loans of $5,000 or more, borrowers can make payments for up to seven years. Combined with the lender’s large loan amounts, these extended repayment terms make Wells Fargo one of the best banks for a home improvement loan.
Rate discount: Wells Fargo customers can qualify for a rate discount, which lowers the amount of interest they pay, by setting up automatic payments from a qualified Wells Fargo checking account. The type of checking account determines the discount, which ranges from 0.25 to 0.5 percentage point, according to Wells Fargo’s website.
Flexible payment dates: Before signing a loan agreement, borrowers can choose their payment date. Once the loan begins, they can change their payment date once every 12 months. This is a useful feature if your pay schedule ever changes or if you take on a new expense that changes your monthly cash flow.
Fast funding: Wells Fargo can fund a personal loan on the same or next day you’re approved. Between April and June 2025, an average of 97% of customers received their loan funds the same day they signed the loan agreement, according to the lender.

Where Wells Fargo personal loans fall short

Loans available to existing customers only: Wells Fargo only provides personal loans to customers who have had an eligible bank account open for at least a year. Other banks may offer special perks to customers, but still lend to non-customers.
No co-sign or joint loans: Wells Fargo only offers single-applicant personal loans. If you want to add a co-signer to your application or apply for a joint loan, you’ll need to look elsewhere. Co-signed and joint loans can make it easier for lower-credit borrowers to get approved since the lender considers both applicants' creditworthiness as part of the application.
No direct payment to creditors: If you want to use a Wells Fargo personal loan to consolidate debts, like paying off your credit cards, the lender won’t send the loan funds to your creditors for you. Though this isn’t a must-have for a debt consolidation loan, it’s a nice perk that other lenders offer.

How to qualify

Wells Fargo doesn't publicly disclose many borrower requirements, but the lender says it focuses on customers with fair credit or better (any score in the mid-500s or higher) who have a strong relationship with the bank.

Wells Fargo personal loans are available in all 50 states and Washington, D.C.

Wells Fargo’s borrowing requirements

Must have a Wells Fargo account that’s been open for at least 12 months.
Must provide personal contact information, including Social Security number, citizenship status and permanent physical address.
Must provide employment and income information; this may include supporting documentation like paystubs or tax returns.
Must provide information about the desired loan, including loan purpose, loan amount and loan term.

» MORE: How to get a personal loan

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Compare Wells Fargo to the best lenders

4.5	4.5	5.0	5.0
EST. APR 6.74% - 26.74%	EST. APR 8.74% - 35.49%	EST. APR 7.9% - 35.99%	EST. APR 7.74% - 35.99%
LOAN AMOUNT $3K - $100K	LOAN AMOUNT $5K - $100K	LOAN AMOUNT $1K - $60K	LOAN AMOUNT $1K - $50K
MIN. CREDIT SCORE None Check Rates	MIN. CREDIT SCORE None Check Rates	MIN. CREDIT SCORE 600 Check Rates	MIN. CREDIT SCORE 600 Check Rates