Wells Fargo offers borrowers personal loans that help to meet a wide range of needs. Loans offered by Wells Fargo have a fixed interest rate. The actual Annual fixed interest rate depends on the amount of loan you apply for. The credit score required to apply for a Wells Fargo personal loan is not known. But some source does say, a 660 or higher credit score is needed to get approval for a Wells Fargo loan.
Personal Loans offered to borrowers by Wells Fargo are unsecured, you don’t need any collateral to apply. You get to apply for a personal loan worth an amount from $3,000 to $100,000, without any installation fee or prepayment penalty.
You can also apply for a CD/Saving secured loan on Wells Fargo, from an amount worth $3,000 to $250,000. Wells Fargo secured loans come with collateral, where you get to use either a motor vehicle or a house.
Uses of Wells Fargo Personal Loan
If you have an idea in mind to meet a one-time need, you can apply for Wells Fargo personal loan. It has loan products for borrowers with a wide range of aims to help meet their need for borrowing. You can use a personal loan for needs like Consolidate Debt, Finance purchases, Fund renovations, and Cover expenses.
Wells Fargo Loans Rates
Your loan rates on Wells Fargo depend on the amount of loan you apply for. In this case, may be, you apply for a personal loan worth $10,000. You get 3-year terms and an APR Annual percentage interest of 0.25% for a relationship discount. With a personal loan from $3,000 to $100,000, you get an APR of 5.74% to 20.24%.
For a CD/Savings Secured Loan, you get an APR of 0.25% relationship discount, which comes with a one-time fee of $75. Well, for Wells Fargo Secured loans worth $3,000 to $250,000, you get an APR of 5.25% to 13.54%.
Wells Fargo Loans Calculator
Wells Fargo has a loan calculator tool that helps borrowers get options for rates and payments before they apply for personal loans. All that is needed to know about your loan rate and payment option is just a few pieces of information.
It depends on the type of loan you want to apply for. Either an Unsecured personal loan or CD/Savings Secured Loan.
For Unsecured Personal Loan
- Your state of residence.
- Amount of loan, between $3,000 to $100,000.
- Select a term.
- Then select your rating. Your credit scores.
For CD/Savings Secured Loan
- Your state of residence.
- Amount of loan, between $3,000 to $250,000.
- Then select your credit score rate.
After you select your rating, within a second you will get the results of your monthly payment for whichever loan you apply for.
How to Apply for Wells Fargo Loans
When you apply for a personal loan offered by Wells Fargo loans, you can reduce your payment on a monthly basis. When you apply for a Wells Fargo loan, if approved, you can get your funds within the next business day.
- Go to Wells Fargo personal loan page, and click here.
- Click on the “Apply Now” button.
- Either an Individual or Joint loan.
- Provide your personal information.
- And contact information.
- Provide your Employment information.
- And your Financial information.
- Choose your desired loan terms.
- Then enter the loan amount you want to borrow.
After filling out your loan application form, you can submit your application, and get a response right away. If your loan application gets approved, you will need to verify your information electronically. Then agree to the Wells Fargo loan term to complete the closing process, and get loan funding into any bank account you desire.
Wells Fargo Loans Payment
Wells Fargo has an auto loan payment option, which borrowers can pay back their personal loans. You can choose from any of Wells Fargo’s auto loan payment options, whichever one suits or that convenient for you to make a payment. You can make your Wells Fargo auto loan payments in different ways like;
- Pay online.
- Pay by phone.
- Make payment by mail.
- Pay in person.
It doesn’t matter how you pay off your loan, as long as you make your auto loan payment through the above payment option by Wells Fargo.