Advantages of the Us Bank Personal Loan
If you are already a bank customer, you can obtain between $1,000 and $50,000 in Us Bank Personal Loan.
The maximum credit amounts vary depending on your credit score and location.Repayment period is 12 to 84 months.
For non-customers, the maximum loan amount is $25,000 and the maximum repayment period is 60 months.
This type of credit does not require collateral such as your home or car.The loan application process is simple, easy and done online.
According to the website, it only takes a few minutes.
Also, we must mention the US Bank Personal Loan calculator as a benefit.
This calculator is available on the website and can be accessed by clicking here and scrolling down to the section where you enter your SSN and the amount you need.
Next, enter the number of months and your credit score range.
This way, you’ll know the monthly payment amount.
Finally, note that you have the freedom to make early payments for discounts on the loan.
The interest rate for the US Bank Personal Loan ranges from 8.99% to 21.49% APR.
The company does not charge an origination fee.
There is an example on the website of a $10,000 loan to be paid over 36 months with an interest rate of 8.99%. Each monthly payment is $317.95.
This assumes the customer chose automatic payments from a savings or checking account.
The total amount repaid to the bank at the end of the contract is $11,446.20.
How to Apply
The first step to get the US Bank Personal Loan is to check the rate based on your credit profile.
Don’t worry, this type of check does not affect your credit score.
Next, you’ll need to submit additional information and your documents, and the bank will request a full credit report, which can affect your credit score.
You’ll receive a loan approval status in less than a minute.
If you’re a bank customer and have a savings or checking account, the process can be completed online.
However, if you don’t have a savings or checking account in the US, you may need to visit a branch to finalize the US Bank Personal Loan application.
In this case, the company will conduct a more thorough check, which can take 1 to 4 business days.