Loans

Wells Fargo personal loan full review

The Wells Fargo personal loan can be great for those looking for loans with relatively low fees. So, keep reading to know more about this great lender!

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by Victória Lourenço

10/10/2021 | Updated on 10/25/2021

Wells Fargo personal loan

Find out more about the Wells Fargo personal loan! Source: Wells Fargo
Find out more about the Wells Fargo personal loan! Source: Wells Fargo

The Wells Fargo personal loan has great features for loan options, and its fees can be relatively low compared to other similar lenders in the market. Moreover, this lender offers the flexibility to easily change your loan payment due date. So if you want to know some more information about this personal loan, just keep reading our full review!

APRThe APR ranges from 5.74% to 19.99%.
LOAN PURPOSEAuto repairs, debt consolidation, medical bills, vacation, home upgrades.
LOAN AMOUNTSThe loan amounts range from $3,000 to $100,000.
CREDIT NEEDEDThere is no information available about the credit score needed.
TERMSThe terms can range from 1 to 7 years (depending on the loan amount.)
ORIGINATION FEEThere is no origination fee.
LATE FEEThere is not much information available about late fees.
EARLY PAYOFF PENALTYThere is no early payoff penalty.

How to apply for the Wells Fargo personal loan?

Are you looking for a loan with low fees to pay for your expenses? The Wells Fargo loan can be the one. Read more to know how to apply!

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How does the Wells Fargo loan work?

See how this lender works. Source: Gettyimages
See how this lender works. Source: Gettyimages

As a borrower, this lender offers the flexibility to change your loan payment due date. And you can do this just by calling their customer service line. Also, The loan terms applied to your loan amount range from 12 to 84 months, and this depends on the context and loan amount.

In addition, this lender offers personal loan amounts that range from $3,000 to $100,000. However, the APR charge is related to your loan amount and your creditworthiness. So, be sure to check out the fees before applying for a loan with this lender.

Wells Fargo personal loan benefits

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Pros

  • If you need to make an early loan payment, will you not have to pay for early payoff penalties.
  • This lender does not charge origination fees.
  • You can choose your payment due date and change it just by calling their customer service line.

Cons

  • You need a Wells Fargo checking account to get access to some good features of this lender, such as the autopay discount feature.
  • The online reviews of people who made personal loans with this lender are not so great.

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Should you apply for the Wells Fargo personal loan?

Find out if you should apply for a loan with this lender. Source: Gettyimages
Find out if you should apply for a loan with this lender. Source: Gettyimages

If you need to borrow big amounts of money to upgrade your house, consolidate debt, pay for medical bills, or other related expenses, this lender can be for you. However, keep in mind that you might not get approved for a loan if you have a not-so-good credit score.

Can anyone apply for a loan at Wells Fargo?

This lender only has branches and loan application options available in certain U.S. states. So, be sure to check out if this lender is available in your state. Moreover, this lender might not accept those with very bad credit scores.

What credit score do you need for Wells Fargo?

To apply for a loan with this lender, it is recommended that you have a good credit score. However, the lender does not disclose any information about this on their official website or other official information sources.

How to apply for Wells Fargo loan?

Some people might think that the loan application process with this lender can be a bit complicated. However, you might think it is more reliable than a process with other lenders. So, to know more about how to apply for a loan with this lender, check out our post below!

How to apply for Wells Fargo personal loan?

Are you looking for a loan with low fees to pay for your expenses? The Wells Fargo loan can be the one. Read more to know how to apply!

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

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