Best Shared Personal Loans In October 2021 – Forbes Advisor
A US bank personal loan gives you quick access to funds for your one-time financing needs, whether it’s to consolidate your debt or to cover large expenses. US Bank offers existing US bank customers unsecured personal loans between $ 1,000 and $ 25,000. The loan periods are between 12 and 60 months.
US bank loans have low interest rates that include an autopay discount of 0.50%, depending on your creditworthiness. Higher credit borrowers are more likely to qualify for interest rates on the lower end of the spectrum. Similar to other top providers, the US Bank does not charge any commitment fees and there is no prepayment penalty, so you can always make loan payments before they are due.
Applying for a US bank loan is easy and can be done online. However, you must be a current US bank customer. Some customers may need to visit a US bank branch if additional information or documentation is required.
Eligibility to participate: US Bank requires applicants and co-borrowers to be an existing US bank customer for at least 120 days. As an existing customer, you can qualify for a personal loan with a credit score of at least 680. This requirement also applies to second borrowers in the case of a joint personal loan.
When applying for a joint personal loan, you must personally sign so that you and the co-borrower must live near a physical location. US Bank has offices in 26 states including Arkansas, Arizona, California, Colorado, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Minnesota, Missouri, Montana, North Carolina, North Dakota, Nebraska, New Mexico, Nevada, Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin, and Wyoming.
Credit used: US Bank personal loans can be used for any purchase or product other than residential or educational expenses. For example, they can cover vacation expenses, home renovations, and medical bills, or help consolidate debts like credit cards.
Change of page: An applicant will typically know their loan approval status in less than a minute. If you qualify for the personal loan, you can finance your loan online; However, you may need to visit a branch if a US bank representative needs more information. Once your loan has been completed, the funds will be available to you within one working day.