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U.S. Bank 2025 Personal Loan Review

Last updated on September 25, 2025
Nicole Dow
Written by 
Lead Writer & Content Strategist
Kim Lowe
Edited by 
Head of Content, Personal & Student Loans
Fact Checked
Nicole Dow
Written by 
Lead Writer & Content Strategist
Kim Lowe
Edited by 
Head of Content, Personal & Student Loans
Fact Checked

Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.

Our Take

5.0

NerdWallet rating
The Nerdy headline:

A U.S. Bank personal loan is a solid option for customers with its wide range of loan amounts and terms, plus fast funding. Non-customers can qualify for loans but won’t get the same perks.

Jump to:Full Review
U.S. Bank Personal Loan

Est. APR
8.74-24.99%
Loan amount
$1,000 - $50,000
Min. credit score
680
on NerdWallet

Pros

  • Rate discount for autopay.

  • Wide range of loan amounts and repayment term options.

  • Has joint loan and secured loan options.

  • No origination fee.

  • Same-day funding available.

Cons

  • Loan features differ for non-customers.

  • No direct payment to creditors with debt consolidation loans.

  • No hardship assistance or program for borrowers in need.

  • No option to change your repayment date.

Compare best personal loan lenders
Lender
Est. APR
Loan amount
Min. credit score
SoFi
8.99- 35.49%
$5,000- $100,000
None
Lightstream
6.49- 24.89%
$5,000- $100,000
660
Lending Club
7.90- 35.99%
$1,000- $60,000
600
Upgrade
7.74- 35.99%
$1,000- $50,000
600
BestEgg
6.99- 35.99%
$2,000- $50,000
600
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Full Review

U.S. Bank offers personal loans to both customers and non-customers, though customers have advantages like larger loan amounts and longer repayment terms.

Loans are available nationwide, and borrowers can see if they qualify with a soft credit check, which won't hurt their credit score.

U.S. Bank also offers a separate small-dollar loan to its checking account holders called the Simple Loan.

U.S. Bank personal loans at a glance

Minimum credit score

680.

APR

8.74% - 24.99%.

Fees

  • Late fee: $29.

  • Returned check fee: $25.

Loan amount

  • For U.S. Bank customers: $1,000 to $50,000.

  • For non-U.S. Bank customers: $1,000 to $25,000.

Repayment terms

  • For U.S. Bank customers: 1 to 7 years.

  • For non-U.S. Bank customers: 1 to 5 years.

Time to fund after approval

  • For U.S. Bank customers: Same-day funding.

  • For non-U.S. Bank customers: 1 to 4 business days.

Where U.S. Bank personal loans stand out

Rate discount for autopay: Borrowers who make automatic payments from a U.S. Bank personal checking or savings account can qualify for a rate discount of 0.5 percentage points. A rate discount means you’ll pay less interest overall on your loan.

Wide range of loan amounts and repayment term options: U.S. Bank offers personal loans ranging from $1,000 to $50,000 with repayment terms ranging from one to seven years, but you’ll have to be a bank customer in order to get the highest loan amounts and longest repayment terms.

Has joint loan and secured loan options: Applicants can apply for a joint loan with a co-borrower or a secured loan using a certificate of deposit as collateral. Adding a co-borrower with a higher credit score or adding collateral to your loan could help you qualify for a lower rate or higher loan amount.

No origination fee: Personal loans from U.S. Bank do not have origination fees. Other lenders deduct this fee from the borrower’s loan before funds are disbursed, essentially lowering the amount of money the borrower receives.

Same-day funding available: After signing a loan agreement, current customers may receive the funds in their U.S. Bank checking or savings account within two hours, according to the lender. If you want funds sent to an external account, it could take from one to four business days.

Where U.S. Bank personal loans fall short

Loan features differ for non-customers: Unlike some other banks, U.S. Bank’s personal loan is available to non-customers, but the loan itself varies significantly. As a non-customer, you can only apply for loan amounts up to $25,000 and terms up to five years. You won’t be able to get a rate discount, and funding can take up to four business days.

No direct payment to creditors with debt consolidation loans: If you want to use your U.S. Bank personal loan to consolidate debt, you’ll have to wait until you receive the loan funds and then pay off your other creditors. Several other lenders streamline the debt payoff process by sending the funds directly to your creditors.

No hardship assistance or program for borrowers in need: U.S. Bank doesn’t offer hardship assistance if you’re not able to make payments on time. Missing payments can result in late fees and a hit to your credit score. Several other lenders provide hardship assistance such as deferred or reduced payments.

No option to change your repayment date: The day of the month that your loan payment is due will remain the same throughout the life of the loan. Some lenders let you adjust your payment due date, which can be helpful if you change jobs and get paid on a different schedule.

How to use U.S. Bank personal loans

You can use a U.S. Bank personal loan for:

  • Debt consolidation.

  • Credit card consolidation.

  • Home improvement projects.

  • Medical/dental expenses.

  • Emergencies.

  • Vacations.

  • Weddings.

  • Funerals.

  • Business expenses.

  • Education expenses.

  • Auto/motorcycle/RV/boat financing.

  • Other large purchases.

U.S. Bank prohibits the use of its personal loans for:

  • Illegal activities.

Do you qualify for a U.S. Bank personal loan?

U.S. Bank says its personal loans typically go to good- and excellent-credit borrowers. While you don’t have to be an existing customer to get a loan, having a checking or savings account with this bank will help if you want same-day funding, a rate discount, a loan over $25,000 or a six- or seven-year repayment term.

U.S. Bank loans are available nationwide.

U.S. Bank’s borrowing requirements

  • Minimum credit score: 680.

  • Maximum debt-to-income ratio: 60%.

  • Must provide a valid Social Security number and email address.

How we rate U.S. Bank

NerdWallet writers and editors rate lenders against a rubric that changes each year based on how personal loan products evolve. Here’s how we scored U.S. Bank this year:

Category

Star rating

Affordability

Customer experience

Underwriting and eligibility

Loan flexibility

Application process

Overall

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How we chose the best personal loans

Our team of consumer lending experts follows an objective and robust methodology to rate lenders and pick the best.

30+

Lenders reviewed

We review over 35 lenders, including major banks, top credit unions, leading digital platforms, and high interest installment lenders operating across multiple states.

25+

Categories assessed

Each lender is evaluated across five weighted categories and 27 subcategories, covering affordability, eligibility, consumer experience, flexibility, and application process.

60+

Data points analyzed

Our team tracks and reassesses hundreds of data points annually, including APR ranges, fees, credit requirements, and borrower tools, ensuring up to date, accurate comparisons.

Star rating categories

We evaluate more categories than competitors and carefully weigh how each factor impacts your experience.
Affordability

25%

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%

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%

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%

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%

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.

5.0

Overall score

NerdWallet’s review process evaluates and rates personal loan products from more than 30 financial technology companies and financial institutions. We collect over 60 data points and cross-check company websites, earnings reports and other public documents to confirm product details. We may also go through a lender’s pre-qualification flow and follow up with company representatives. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.
Our star ratings award points to lenders that offer consumer-friendly features, including: soft credit checks to pre-qualify, competitive interest rates and no fees, transparency of rates and terms, flexible payment options, fast funding times, accessible customer service, reporting of payments to credit bureaus and financial education. Our ratings award fewer points to lenders with practices that may make a loan difficult to repay on time, such as charging high annual percentage rates (above 36%), underwriting that does not adequately assess consumers’ ability to repay and lack of credit-building help. We also consider regulatory actions filed by agencies like the Consumer Financial Protection Bureau. We weigh these factors based on our assessment of which are the most important to consumers and how meaningfully they impact consumers’ experiences.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodologies for personal loans and our editorial guidelines.
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