The personal loans from Wells Fargo do not have most fees. There is not an origination fee when you open the loan or an annual fee for the loan term. Wells Fargo does not charge a fee if you pay your loan off early. There is a late fee of up to $39 if your loan payment is late. Wells Fargo does not offer a grace period. The fee may vary depending on your state and loan.
Wells Fargo offers an interest rate discount for current checking account customers. You must have your payment automatically withdrawn from a Wells Fargo checking account. The interest rate discount is either 0.25 or 0.50 percent. The discount you receive depends on the type of checking account you have.
To qualify for the interest rate discount, payments must come from a Wells Fargo checking account. The 0.50 percent discount requires having an elite checking account. The basic checking accounts receive a discount of 0.25 percent. Checking accounts from other banks do not qualify for the interest rate discount.
To apply for a Wells Fargo personal loan online or over the phone, you must have a current account with Wells Fargo. If you are not a current Wells Fargo customer, you must visit a branch location to see what credit options meet your qualifications.
Qualifications to Apply for Wells Fargo Loans
Useful Information About Wells Fargo Loans
The late fee for Wells Fargo's personal loans can be up to $39. Wells Fargo does not offer a grace period. The fee amount may vary, depending on your state of residence and loan. If you think your payment is going to be late, contact customer service immediately. There may be options to avoid the late fee.
Henry Wells and William Fargo first started Wells Fargo in 1852. They opened the bank amid the gold rush in California. By 1888 they were in 2,500 communities across the United States. In 1918, Wells Fargo was apart of 10,000 communities. Because of World War I, the government took over the nation's express network. This left Wells Fargo with only one bank in San Francisco.
In 1906, Wells Fargo survived the San Francisco earthquake and fire. They began to rebuild their banking across the west. By 1980 Wells Fargo became the seventh-largest bank in the United States. They also launched their online banking that year.
Wells Fargo has been awarded for its business. Some of those awards include being:
Today, Wells Fargo has over $1.9 trillion in assets. They have 7,700 branch locations and over 13,000 ATMs in 33 countries around the world. One in three American households do business with Wells Fargo. Company headquarters are in San Francisco, California.
Yes. You can apply online, at a branch location, or over the phone. You must be a current Wells Fargo account holder to apply for a personal loan online. If you do not have an account, you must visit a branch location.
For the best chance of loan approval, your credit score should be higher than 620. Wells Fargo does consider other factors besides a credit score. You may receive approval with a lower credit score.
The minimum personal loan through Wells Fargo is $3,000.
The maximum personal loan amount is $100,000. Other types of Wells Fargo loans offer larger loan amounts.
The personal loan terms range from 12-84 months.
Yes. Wells Fargo's personal loan interest rates are competitive. They are competitive with other online lending companies.
Yes. Wells Fargo's personal loans offer fixed interest rates for the life of the term.
Wells Fargo offers personal loans for debt consolidation and large purchases. You can use the money for home improvement, medical expenses, or other bills.
Wells Fargo requires a valid SSN, email, address, and phone number. You will need to verify your work, income, and monthly mortgage. Other information may be necessary to approve your loan.
Approval for your Wells Fargo personal loan could come in minutes. Your approval time will vary depending on your qualifications and circumstances.
After you accept the loan terms, your money could transfer the next business day.
Wells Fargo does not have a set time you must wait to reapply. If you are declined for the loan amount you request, Wells Fargo will offer you a counteroffer of a lower amount. They suggest waiting to apply again until after your credit has changed.
You can repay your Wells Fargo loan with automatic withdrawals, checks, or online. You can also pay over the phone or at a branch location. ACH payments from your Wells Fargo checking account receive a discount.
Yes. There is not a fee to pay your Wells Fargo personal loan off early.
Wells Fargo security measures comply with federal laws. Their computers, buildings, and files are secure with safeguards in place.
Yes. Wells Fargo offers a mobile app.
You can reach Wells Fargo customer service through email, phone, or online chat. Customer service is available Monday through Friday from 7 a.m. to 11 p.m. CT. Saturday through Sunday from 7 a.m. to 9 p.m. CT. You can visit a local branch location. Wells Fargo is on Facebook, Google Plus, LinkedIn, and Twitter.