U.S. Bancorp Personal Loan – How to Apply

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For people who want to consolidate debt, make large purchases, or meet unplanned emergency expenses, applying for a personal loan seems to be a promising solution. If you’re planning to get one yourself, knowing the best personal loan deals on the market can help you out.

The U.S. Bancorp Personal Loan has special features and favorable rates that you might want to take a look at. It is designed to help people get instant access to funds.

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Below is a brief guide on what to expect from a US Bancorp personal loan. Read on to know about what features you may enjoy, how to apply, and what possible fees you might face under this type of loan program.

U.S. Bancorp Personal Loan - How to Apply
Image source: usbank.com

Features and Benefits

Created to provide people with convenient access to funds whenever they need, the U.S. Bancorp Personal Loan can serve as your doorway to consolidate debt, finance a huge purchase, fund major home renovations, or more.

Specifically, with this loan program, you can take advantage of having fixed rates and fixed monthly payments. These can help you avoid surprised costs, and can enable you to be prepared when the due date arrives.

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A U.S. Bancorp Personal Loan is also unsecured, so you won’t have to worry about putting up your house or car as collateral.

The application process is also quick and easy. It only takes a few minutes and comes with minimal requirements, therefore making it easier for you to get access to the funds you need at the moment.

How to Apply

To apply for the U.S. Bancorp Personal Loan, you’ll first need to ensure that you are eligible for the program. Specifically, as noted by the bank, you must be a current U.S. Bank customer, have a stable and sufficient income, and have a good credit history

U.S. Bancorp doesn’t provide specifications on minimum income or credit score requirements, but they do suggest that existing customers who have a credit score of 680 or above could benefit from a personal loan.

You can apply by visiting U.S. Bancorp’s official site and clicking on the “Loans and Credit Lines” title. Then, select “Personal Loans & Lines of Credit”, and continue to look for “U.S. Bank Personal Loan”, and click “Apply Now”.

Take note that you’ll be required to provide your Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN), as well as your home address and employment details. Once completed, submit your application, and wait for the bank’s response in less than a minute. The funds may be available within one business day of loan closing. 

Interest Rates and Fees

  • APR – fixed APR ranges from 2.99% APR to 16.49% APR (depending on your creditworthiness)
  • Annual fee – $0
  • Origination fee – $0
  • Pre-payment penalty – $0
  • Loan amount – $1,000 up to $25,000

Contact Info and Address

If you would like to speak with a U.S. Bancorp representative, please call 800-239-3302. You can also visit them at their head office.

US Bancorp Center 

800 Nicollet Mall 

Minneapolis, MN

U.S. Bancorp Personal Loan - How to Apply
Image source: la.curbed.com

The Bottom Line

Is the U.S. Bancorp Personal Loan the right loan for you? If you’re impressed about its features, you may want to reach out to U.S. Bancorp, and find out more about the perks and risks that come with the offer.

For a wiser decision, don’t hesitate to consult your financial adviser today!

Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the bank’s terms and conditions page before agreeing to anything.

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