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With Personal Loan rates as low as 7.49% APR, now may be a great time to take care of your finances. Get started by checking your rates. Apply when you're ready.
The Annual Percentage Rate (APR) shown is for a personal loan of at least $10,000, with a 3-year term, and includes a relationship discount of 0.25%. Your actual APR may be higher than the rate shown.
To be eligible for a personal loan, you are required to have an open Wells Fargo account for at least 12 months.
Get an estimate of monthly payments for a personal loan.
Repay a personal loan in terms of 12-84 months. Rates range from 7.49% to 23.24% Annual Percentage Rate (APR), which includes a relationship discount of 0.25%. No origination fee or prepayment penalty. Representative example of repayment terms for an unsecured personal loan: For $15,000 borrowed over 36 months at 13.99% Annual Percentage Rate (APR), the monthly payment is $513. This example is an estimate only and assumes all payments are made on time.
At least 10% of the applicants approved for these terms qualified for the lowest rate available based on data from 01/01/2024 to 03/31/2024. The rates shown are as of 04/09/2024 and subject to change without notice. Your Annual Percentage Rate (APR) will be based on the amount of credit requested, loan term and your credit score. The lowest rate available assumes excellent credit history.
To qualify for a customer relationship discount, you must have a qualifying Wells Fargo consumer checking account and make automatic payments from a Wells Fargo deposit account. To learn which accounts qualify for the discount, please consult with a Wells Fargo banker or consult our FAQs. If automatic payments are canceled, for any reason at any time, after account opening, the interest rate and the corresponding monthly payment may increase. Only one relationship discount may be applied per application.
This tool is for illustrative purposes, and we have provided it solely as a convenience for you to estimate rates and payments based on your assumptions for loan amount, credit score range, and preferred term. Your actual rates and payments may differ from the estimates provided by this calculator as a result of selecting/qualifying for a different loan amount, term and rate; your actual credit score; and our pricing and underwriting policies and procedures. You will receive your actual rate and payment amount once you have applied for a loan. We are not responsible for the accuracy, completeness, or usefulness of the information provided by this calculator, and we have no obligation to extend an offer of credit or to match your terms to the terms provided by this calculator.
Maximum loan terms presented are based on the loan amount you wish to borrow.
Wells Fargo does not make loans for educational purposes.
Annual Percentage Rate will be based on credit history, the amount financed, and the loan term.
Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.
QSR-07292025-6302402.1.1
LRC-0124
FAQs
While you use a personal loan calculator, you need not wonder if you would get accurate results. A personal loan calculator gives error-free and accurate results every time. You need not do manual calculations or spend hours finding your EMI when you have a personal loan calculator.
Does Wells Fargo verify income for personal loan? ›
Once your application is reviewed, we may request additional information from you, such as: Recent pay stubs, W2s, or tax returns. Utility bills (to verify address)
How do you calculate a personal loan payment? ›
You can calculate the monthly interest payment by dividing the annual interest rate by the loan term in months. Then, multiply that number by the loan balance. So, for a 12-month, $1,000 loan with a 15% interest rate, your first month's interest payment would be $12.50 (1.25% x $1,000).
How much would a $50,000 personal loan cost per month? ›
Example Monthly Payments on a $50,000 Personal Loan
| Payoff period | APR | Monthly payment |
|---|
| 24 months | 15% | $2,424 |
| 36 months | 15% | $1,733 |
| 48 months | 15% | $1,392 |
| 60 months | 15% | $1,189 |
3 more rowsAug 31, 2021
5 personal loan mistakes that could cost you money
- Taking out a longer loan than necessary.
- Not shopping around for the best offers.
- Not considering your credit score.
- Overlooking fees and penalties.
- Not reading the fine print.
A good personal loan interest rate depends on your credit score: 740 and above: Below 8% (look for loans for excellent credit) 670 to 739: Around 14% (look for loans for good credit) 580 to 669: Around 18% (look for loans for fair credit)
How long does Wells Fargo take to approve a personal loan? ›
Wells Fargo offers a quick personal loan application process for consumers. Most consumers receive same-day credit decisions. If you're approved for a loan, you will receive your funds as soon as the same day. Most personal loans' funding timelines range between one to 10 business days.
Does Wells Fargo hard pull for personal loans? ›
Checking your rate uses a soft credit inquiry, which does not affect your credit score. If you submit an application, it will result in a hard credit inquiry that may affect your credit score.
Which bank gives a personal loan easily? ›
HDFC Bank customers can get Personal Loans with minimal or no documentation. In fact, if they are pre- approved for a Personal Loan, they can easily apply for it. Lower interest rates: Interest rates on Personal Loans are lower than other sources.
How much would a $20,000 loan cost per month? ›
The monthly payment on a $20,000 loan ranges from $273 to $2,009, depending on the APR and how long the loan lasts. For example, if you take out a $20,000 loan for one year with an APR of 36%, your monthly payment will be $2,009.
Based on the OneMain personal loan calculator, a $5,000 loan with a 25% APR and a 60-month term length would be $147 per month. The loan terms you receive will depend on your credit profile, including credit history, income, debts and if you secure it with collateral like a car or truck.
How much is a $20,000 loan for 5 years? ›
Advertising Disclosures
| Loan Amount | Loan Term (Years) | Estimated Fixed Monthly Payment* |
|---|
| $20,000 | 5 | $415.07 |
| $25,000 | 3 | $771.81 |
| $25,000 | 5 | $514.57 |
| $30,000 | 3 | $926.18 |
13 more rowsTo be eligible for a personal loan, you are required to have an open Wells Fargo account for at least 12 months. Repay a personal loan in terms of 12-84 months. Rates range from 7.49% to 23.24% Annual Percentage Rate (APR) 4, which includes a relationship discount of 0.25%. No origination fee or prepayment penalty.
How much is a $10,000 loan over 5 years? ›
Representative 6.1% APR, based on a loan amount of £10,000, over 5 years, at a Fixed Annual Interest Rate of 5.9358%, (nominal). This would give you a monthly repayment of £193.02 and a total amount repayable of £11,581.20.
What credit score do I need for a $50,000 loan? ›
Most lenders prefer borrowers with a credit score in the good to excellent range (670 or higher), indicating a history of responsible financial management.
How accurate is loan estimate? ›
You want accurate figures. At Homebuyer and plenty of other lenders, these costs get estimated as close to 100 percent accurate as possible. Remember that numbers are never exact upfront. Don't worry about any estimated fees that your lender doesn't dictate.
Is 7% a good rate for a personal loan? ›
The best personal loan rates start around 7%. Shop with multiple lenders to find the lowest rate.
What is one huge disadvantage of a personal loan? ›
Fees and penalties can be high
Personal loans may come with fees and penalties that can drive up the cost of borrowing. Some loans come with origination fees of 1 percent to 6 percent of the loan amount.
Are mortgage repayment calculators accurate? ›
This is a model, not a prediction.
Amounts and repayment periods are estimates only, actual amounts may be higher or lower. Results are based on information you provide and do not take your personal circ*mstances into account.
