If you need a loan that's not going to hit you up for an origination fee or require massive interest, a US Bank Personal Loan might be for you. The US Bank Personal Loan also gives you the opportunity to have a co-signer, which is one of those things you should ask about since not everyone offers it. That's not the only question you need to ask, there are a ton of variables when it comes to getting a personal loan.
If you've got a sensitive credit score, you aren't going to want to apply somewhere that won't do a soft credit check for you. A soft credit check does not affect your credit scores, whereas a hard check will affect it in a negative way if it isn't doing too well. Other factors you want to consider are interest rates, minimum amount you have to borrow and the minimum repayment terms.
You also should be wary if you want to pay back early, some loans will penalize you for doing that. You might also want to know if your loan provider can do auto payments for you. Our editors have done some thorough research into the US Bank Premier Personal Loan. You can use information below to make an informed decision on whether or not this personal loan is for you.
What are the Benefits of a US Bank Online Personal Loan
One of US Bank's best offerings includes the Premier Loan. With this loan, you can borrow up to $25,000 with a fixed APR and fixed rates. You can use this not only to consolidate debt, but also to make a major purchase, home improvements, or even for your dream wedding or vacation.
Even better, you won’t have to pay an origination fee. This means you can save more money in the long run. Likewise, with its fixed rates and set monthly payment schedules, you can finally bid goodbye to unwanted surprises and high rates that put a huge dent on your savings.
More importantly, you can easily apply for a US Bank personal loan through their online application form. Their efficient application process allows you to get your much-needed funds as quickly as possible. You’ll be glad to know that there are no property inspections or home appraisals, thus allowing a hassle-free application.
What are the Fees for the US Bank Personal Loan?
For the US Bank Premier Loan, there is a fixed Annual Percentage Rate (APR) ranging from 7.49% to 17.99%. There is no origination fee for this type of loan and no annual fee.
For example, taking out a $5,000 loan over a 48-month period would get you an APR of 7.49%. Your monthly payment for this type of plan would be $120.87. Bear in mind that interest rates and program terms can depend on your credit score and your approved plan.
There are penalties if you want to pay your loan back early.
How To Apply for a US Bank Personal Loan
Applying for a US Bank personal loan is pretty easy, but you should know that if you apply, they will do a hard check on your credit score. If that is ok with you, you can head to the US Bank website and fill out the online application form online. Remember, to apply, you need to be an existing US Bank customer. If you already have an account with them, all you need to provide is your name, address, and information about your co-borrower if applicable.
To be eligible for this plan, you must be 18 years of age, have a steady stream of income, and be able to provide your Social Security Number. Should your application be approved, you may be able to borrow up to $25,000.
How to Contact US Bank
To learn more about US Bank's offerings, you can call them directly at 1-844-729-3957. Alternatively, you can visit their main office at 425 Walnut Street Cincinnati, Ohio. However, US Bank has branches all over the country so you can also use the branch finder tool on the banks’ website to find the location nearest you.
Overall, you can see that a US Bank Online Personal Loan is a fair option for borrowing money without any collateral. If you are interested in this offering, you can apply for the loan online.
Note: There are risks involved when applying for a loan. Consult the lender’s terms and conditions page for more information.
