Wells Fargo: an honest look at the rates and the fine print
Wells Fargo is a full-service national bank offering no-fee personal loans, mortgages, and home equity, with rate discounts for existing customers. Its branch network is unmatched, but personal loans are generally limited to existing customers, and its consumer-banking record warrants the usual due diligence.
Wells Fargo
Personal loans · Bank · NMLS #399801 · Founded 1852
- Personal loan APR7.49–24.49%
- Loan amounts$3,000–$100,000
- Terms12–84 months
- Origination feeNone
- Min credit score660 (est.)
- BranchesAll 50 states
Independent profile. Loans Advisor is not affiliated with, or compensated by, this lender.
Where Wells Fargo fits
Strengths
- No origination fee
- Relationship rate discounts
- Full product range under one roof
Watch-outs
- Personal loans mostly for existing customers
- In-branch steps for some products
- Uneven service reputation
What a $10,000 loan could cost
Using Wells Fargo's published APR range of 7.49%–24.49% on a $10,000 loan over 3 years, here is the spread between its best and worst pricing:
The low figure assumes Wells Fargo's best advertised rate (7.49% APR); the high figure its ceiling (24.49% APR). Your actual rate depends on your credit. Run your own numbers in the personal loan calculator.
Best for
Based on its rates and products, Wells Fargo is most relevant if you're looking at:
Terms worth knowing
Quick definitions for the fine print on this page:
Wells Fargo: common questions
Is Wells Fargo a legitimate lender?
Yes. Wells Fargo is a full-service national bank founded in 1852 and headquartered in San Francisco, CA, operating under NMLS #399801, with branches in all 50 states. Its consumer-banking record has drawn regulatory scrutiny, so apply the usual due diligence, but it is unquestionably an established lender.
Can anyone get a Wells Fargo personal loan?
Generally no. Wells Fargo largely limits personal loans to existing customers, so having a qualifying account is typically a practical prerequisite. Existing customers may also receive relationship rate discounts, which is part of the appeal for people who already bank there.
What fees does Wells Fargo charge on personal loans?
Wells Fargo charges no origination fee on its personal loans. Its rates run from an estimated 7.49% to 24.49% APR, and existing customers may qualify for relationship discounts. Some products still involve in-branch steps, so confirm the process for your specific loan.
How much can you borrow from Wells Fargo?
Wells Fargo personal loans range from $3,000 to $100,000 with terms of 12 to 84 months. As a full-service bank it also offers mortgages, auto loans, and home equity under one roof, which is convenient if you want to keep your borrowing in one place. Verify current terms with Wells Fargo before applying.
Figures are researched from public rate sheets and regulatory filings and change often — verify current terms with Wells Fargo before applying. Loans Advisor is not affiliated with, or paid by, Wells Fargo, and earns no referral fee from this profile.