Best benefits

Low APR: Wells Fargo APRs are among the lowest personal loan rates on the market. It does not charge any origination fees or prepayment penalties on unsecured loans. Plus, if you’re a Wells Fargo customer, you may be eligible for an even lower rate.

Authorized co-applicants: If your credit score is low, Wells Fargo allows you to apply with a co-applicant (also known as a co-borrower). Assuming your co-applicant has higher credit than yours, this can help you qualify for the loan. You might also get a better interest rate and better terms. Be aware that a co-applicant is a little different from a co-signer. Co-applicants have more responsibility for both expenses and loan repayment.

High loan limit: Wells Fargo personal loans are available up to $ 100,000. This means they can be used for more expensive things, from buying an engagement ring to renovating a home.

Guaranteed loans available: Current Wells Fargo customers can use a CD or savings account as collateral against a secured loan. When there is collateral for the loan, the lender may offer a lower interest rate or allow you to borrow a larger amount.

Consolidation funds paid directly to creditors: When you use a Wells Fargo personal loan to consolidate your debt, Wells Fargo can write checks directly to each creditor. This service can save you time and save you time. If you have high interest debt, consolidating at a lower rate with a fixed monthly payment can help you pay it off.

Overview of your interest rate: Want an idea of ​​your interest rate and monthly payment? Just plug your state of residence, loan amount, preferred loan term, and credit score into Wells Fargo’s nifty payment calculator. This is only an estimate, but it still gives an idea of ​​if a Wells Fargo personal loan will work for you.