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- Loans & credit lines /
- Personal loans & lines of credit
PERSONAL LOANS & LINES OF CREDIT
Convenient access to funds when you need them
Loan options
A personal loan is one way to consolidate debt or to pay for major expenses with one-time funding. It offers fixed interest rates and fixed monthly payments for the life of the loan.
U.S. Bank Personal Loan
Wanting to consolidate debt? Planning a large purchase? As a current U.S. Bank customer, and with credit approval, you can borrow up to $25,000 with our personal loan and take control of your finances.
Borrow $1,000 up to $25,000
U.S. Bank Simple Loan
Need quick funds for an emergency? Our Simple Loan is one way for U.S. Bank checking customers who qualify to borrow up to $1,000 for planned – and unplanned – expenses.
Borrow $100 up to $1,000
Line of credit options
A personal line of credit lets you borrow money as you need it. It doesn’t require a specific purchase purpose, and you only pay interest on the funds you borrow.
U.S. Bank Personal Line of Credit
Wanting to pay off a credit card or update your home with a little more financial flexibility? If you’re a current U.S. Bank checking customer, a personal line of credit can give you instant, ongoing access to funds as you need them.
Instant, ongoing credit access
U.S. Bank Reserve Line of Credit
Protect your U.S. Bank checking account from overdrafts with a reserve line of credit. You’ll enjoy no annual fee and automatic advances to your checking account if your balance ever falls below zero.
Protection from overdrafts
Why choose a personal loan or personal line?
Personal loans and personal lines of credit are both unsecured loans, meaning they don’t require collateral.
- A personal loan is best for one-time funding, or if you know the entire cost of your project up front. You receive the loan in one lump sum.
- If you need ongoing access to funds, or if you don’t know the full cost of a project, a personal line of credit may be better. With a personal line, you can use the credit as needed, and only pay interest on the funds you borrow.
More questions about loans and credit? We have answers.
Quiz: How much do you know about loans?
Understanding how loans and credit work is critical to good financial health. Brush up on what you know about borrowing money.
Amortization: what it is and why it matters
Ever wondered how much you spend on interest? Thanks to an accounting concept known as amortization, finding out may be easier than you realize.
Your guide to loans and credit
Before you apply for credit of any kind, it’s a good idea to understand the basics of what you’re taking on. Here’s a lowdown on loans, interest and what credit could be right for you.
ALREADY STARTED?
Loans and lines of credit are offered through U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.
Subject to credit approval, eligibility and credit qualifications. U.S. Bank Personal Loan, Personal Line of Credit, and U.S. Bank Simple Loan are for existing U.S. Bank customers who prefer financing without using collateral. Approval for Personal Line of Credit and Reserve Line of Credit requires having a new or existing U.S. Bank personal checking account.
Simple Loan applicants must have an open U.S. Bank personal checking account with recurring direct deposits. Other eligibility criteria may apply. Loan approval is subject to eligibility and credit approval.
Your Deposit Account Agreement and the Consumer Pricing Information brochure list terms, conditions, and fees that apply to U.S. Bank personal checking accounts. You may obtain a copy of the brochure by visiting a branch or calling 800-872-2657.
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