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A traditional banking institution with a range of personal loan options, Wells Fargo has a variety of options to serve customers where they are.
Wells Fargo has a variety of options available for personal loans, making them the best lender for serving customer needs. They can be flexible with repayment terms and customers can choose from a wide range of personal loan amounts to apply for. Additionally, customers gain peace of mind by incurring no fees when they open a personal loan with Wells Fargo.
Low fees
Same day credit approvals
Flexible repayment terms
Not possible to apply online for new customers
Qualification details aren’t specific
Branches aren’t located in every state
Wells Fargo doesn’t provide consumers with a lot of information about the requirements for a personal loan. Generally, they suggest that applicants should have a good credit history, and that a higher credit score will result in a better interest rate.
If you want more specific details, contact the customer service team at Wells Fargo.
You can get in touch with the customer service team at Wells Fargo by phone or by reaching out to a local branch. If you plan to visit a local branch, it’s a good idea to make an appointment.
If you don’t already have a Wells Fargo personal loan, you can talk to a representative by phone at 1-877-526-6332 Monday through Friday between 8 a.m. and 7 p.m. CT. If you already have an account with Wells Fargo, you can call 1-877-269-6056 Monday through Friday between 7 a.m. and 7 p.m. CT.
Interested in applying for a personal loan with Wells Fargo? You can apply online, via phone or in person at a local branch. However, only pre-existing Wells Fargo account holders can apply online or by phone. Those who don't have an open account with the bank will need to apply in-person at one of its brick-and-mortar locations.
When you apply you will need to provide some basic information, like your name, date of birth, and social security number. You will also need to give information about your employment status and income. Finally, you will be asked for details about the loan you're applying for, including the desired term, amount and reason for the loan.
Once you provide all of these details, you may need to provide additional documents. These may include:
Once you apply, the lender will check your credit and applicants often get a quick credit decision within the same day they apply. Once you submit your application you can follow its progress online by providing your email address. If approved, you'll receive information on how to receive the funds.
Pre-existing Wells Fargo customers that have a Private Bank Interest Checking account, a Wells Fargo Premier Checking account or a Wells Fargo Prime Checking account will qualify for a .50 percent interest rate reduction upon signing up for autopay.
Other Wells Fargo consumer checking accounts, like Way2Save and the Wells Fargo Everyday Checking account will qualify customers for a 0.25 percent rate reduction after signing up for autopay.
Taking out a personal loan with Wells Fargo means skipping almost all fees. The loans don’t have any origination fees or closing fees. This bank also doesn’t charge any fees if you pay off your loan early.
It is important to note that you may have to pay late fees if they apply. Talk to a customer service representative if you have questions.
| Score | Explanation | |
|---|---|---|
| Overall score | 4.6 | |
| Availability | 4.7 | Some qualifications are not disclosed. |
| Affordability | 4.9 | Low starting APR and no fees make this lender an affordable option for many. |
| Customer experience | 5.0 | Wells Fargo doesn't offer as many customer service hours as some others. |
| Transparency | 3.8 | While some rates and fees are listed, not all are. |
To select the best personal loans, Bankrate’s team of experts evaluated over 30 lenders. Each lender was ranked using a meticulous 20-point system, focusing on four main categories:
Editorial disclosure: All reviews are prepared by Bankrate.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the lender’s website for the most current information.