- U.S. Bank Personal Loan Overview: U.S. Bank is a major U.S. bank offering personal loans from $1,000 to $50,000 with flexible terms, no origination fees, and special options like joint applications and secured loans using CDs.
- Competitive Rates and Fees: The bank’s personal loan APR starts from 7.74%, the lowest among major banks, with no origination or prepayment penalties, making it a cost-effective option for qualifying borrowers.
- Loan Options and Terms: U.S. Bank provides repayment terms up to 84 months for existing customers and up to 60 months for non-customers, with a minimum loan amount of $1,000 and options for secured loans with a CD.
- Eligibility and Application Process: While U.S. Bank doesn't publicly specify credit score requirements, a score of around 680 is typical for existing customers, and applicants can prequalify online with a soft credit check before applying.
- Funding Speed and Customer Experience: Existing customers can access loan funds within about 2 hours, while others may experience 1-4 business days for disbursement; the bank has above-average customer satisfaction ratings.
- Check rates with U.S. Bank.
U.S. Bank Personal Loan Overview
U.S. Bank is the fifth-largest commercial bank in the United States, headquartered in Minneapolis, Minnesota. It is a subsidiary of U.S. Bancorp (NYSE: USB), which was founded in 1863 and holds approximately $680 billion in total assets. U.S. Bancorp reported revenue of approximately $24.9 billion for the full year 2024, employs over 70,000 people, and operates approximately 2,200 branches across 26 states. All deposits are FDIC-insured through U.S. Bank National Association.
The personal loan product is one of the most feature-rich bank offerings in our review series. U.S. Bank offers loans from $1,000 to $50,000, terms from 12 to 84 months, no origination fee, joint application options, and a secured loan pathway using a certificate of deposit as collateral. The bank also maintains a strategic alliance with State Farm, through which State Farm customers can access U.S. Bank personal loans for up to $50,000 via their local agent. This partnership extends U.S. Bank’s reach to all 50 states, including areas without a physical branch presence.
The editorial angle for this review: U.S. Bank is the most well-rounded traditional bank lender in our series. It combines competitive pricing (7.74% floor APR), structural flexibility (co-borrower, secured, 84-month terms), and fast funding (within 2 hours for account holders) in a way that no other bank competitor matches. The main drawbacks are a two-tier product structure that disadvantages non-customers ($25,000 cap, 60-month max, no rate discount, slower funding), limited transparency about eligibility requirements, and the lack of direct creditor payment for debt consolidation.
Pros and Cons of U.S. Bank Personal Loans
Pros
- Competitive APR floor: The minimum APR of 7.74% (with autopay discount from a U.S. Bank checking or savings account) is the lowest among traditional bank lenders in our review series, below Discover (7.99%), American Express (7.98%), and Citibank (9.99%).
- No origination fee or prepayment penalty: Like most bank lenders, U.S. Bank charges no origination fee, meaning borrowers receive the full loan amount.
- Joint application option: U.S. Bank is one of the few traditional bank lenders that accepts co-borrower applications. Adding a co-borrower with strong credit can improve approval odds and potentially lower the rate.
- Secured loan option: Borrowers can secure their personal loan with a U.S. Bank certificate of deposit (CD) as collateral, potentially qualifying for better terms.
- 84-month terms for customers: Existing U.S. Bank customers can access repayment terms up to 84 months, the longest among bank lenders in our review series, and matching several fintech competitors.
- 2-hour funding for account holders: Existing U.S. Bank customers who deposit funds into their U.S. Bank checking or savings account can receive funds within approximately 2 hours of signing loan documents.
- Low minimum loan amount: $1,000 minimum is the lowest in our review series, making U.S. Bank accessible for very small borrowing needs.
- Nationwide availability: Available in all 50 states, with the State Farm partnership extending access to areas without U.S. Bank branches.
Cons
- Two-tier product structure: Non-customers are limited to a $25,000 maximum, a 60-month maximum term, no autopay rate discount, and 1 to 4 business days for funding. This creates a materially different product for new borrowers.
- No direct payment to creditors: Borrowers using the loan for debt consolidation must receive funds and then pay off creditors themselves. Competitors like Upgrade, Achieve, and Happy Money offer direct creditor payment.
- No hardship assistance: U.S. Bank does not offer hardship programs for borrowers who fall behind on payments. Several competitors provide deferred or reduced payment options.
- Cannot change payment date: The monthly payment date is fixed for the life of the loan and cannot be adjusted. This can be inconvenient if a borrower changes jobs or pay schedules.
- Limited eligibility transparency: U.S. Bank does not publicly disclose minimum credit score, income, or debt-to-income requirements. Third-party sources report a minimum of ~680 for customers and higher for non-customers.
- Trustpilot rating is poor: U.S. Bank has a “bad” rating on Trustpilot based on over 1,000 reviews, though this reflects the bank’s full product suite, not specifically the personal loan.
U.S. Bank Personal Loan Rates and Fees
U.S. Bank personal loan APRs range from 7.74% to 24.99% as of February 2026. The APR varies based on credit score, loan amount, loan purpose, term length, and whether the borrower enrolls in automatic payments from a U.S. Bank checking or savings account. The lowest rate in the range (7.74%) is available on loans of $10,000 or more with a term of 12 to 36 months, a credit score of 800 or greater, a home improvement purpose, and the autopay discount from a U.S. Bank account.
According to Federal Reserve data, the average interest rate on a 24-month personal loan from commercial banks was approximately 11.65% as of November 2025. U.S. Bank’s 7.74% floor is well below this average, and the 24.99% ceiling is significantly lower than the 35.99% cap at most fintech lenders. Among bank competitors, U.S. Bank’s floor rate is the lowest in our series, edging out Discover (7.99%), American Express (7.98%), and LightStream (6.94%, which is a Truist Bank subsidiary rather than a standalone bank).
U.S. Bank charges no origination fee and no prepayment penalty. Late fee information is not prominently disclosed on the personal loan page; the State Farm partnership channel advertises no late fees, while the direct U.S. Bank channel may charge standard late fees as outlined in the Consumer Pricing Information disclosure. The primary rate discount is the autopay reduction, available only to borrowers who set up automatic payments from a U.S. Bank personal checking or savings account. The discount amount is not publicly specified but is factored into the 7.74% floor rate.
Scenario | Monthly Payment | Total Interest | Total Cost |
$15,000 at 10% APR, 36 mo. | $484 | $2,424 | $17,424 |
$15,000 at 10% APR, 60 mo. | $319 | $4,140 | $19,140 |
$15,000 at 15% APR, 36 mo. | $520 | $3,720 | $18,720 |
$15,000 at 15% APR, 84 mo. | $298 | $10,032 | $25,032 |
Note: Figures are approximate. No origination fee is deducted; borrower receives the full loan amount.
U.S. Bank Loan Terms and Options
U.S. Bank offers personal loans from $1,000 to $50,000 for existing customers and State Farm customers. Non-customers can borrow up to $25,000. The $1,000 minimum is the lowest in our review series, making U.S. Bank one of the only lenders where a borrower can take out a small personal loan for minor expenses. The $50,000 maximum is competitive with most fintech lenders, though below SoFi and LightStream ($100,000).
Repayment terms range from 12 to 84 months for existing U.S. Bank customers, and 12 to 60 months for non-customers. The 84-month option is the longest among traditional bank lenders in our series and matches the maximum at SoFi and Upgrade. This extended term range gives customers significant flexibility to balance monthly payment size against total interest cost.
U.S. Bank accepts joint applications, making it one of the few bank lenders with a co-borrower pathway. The primary borrower must be a U.S. Bank customer for joint applications. Additionally, U.S. Bank offers a secured loan option using a U.S. Bank certificate of deposit as collateral, which can improve terms for borrowers who have savings but want to keep their CD intact. These two features set U.S. Bank apart from Citibank, Discover, and American Express, none of which offer co-borrower or secured options on personal loans.
Loans can be used for most personal purposes, including debt consolidation, home improvement, major purchases, medical bills, and vehicle purchases. U.S. Bank does not offer direct payment to creditors for debt consolidation; borrowers must receive funds and pay off existing accounts themselves. There is no option to change the monthly payment date after origination.
U.S. Bank Personal Loan Eligibility and Application
U.S. Bank does not publicly disclose minimum credit score, income, or debt-to-income requirements for personal loans. Third-party sources consistently report a minimum credit score of approximately 680 for existing customers, with a maximum debt-to-income ratio of 60%. Non-customers may face higher credit requirements. U.S. Bank states that the lowest APR requires a credit score of 800 or greater.
Borrowers must be at least 18 years of age and provide a valid Social Security number, ITIN, or passport number (passport applications require a branch visit). U.S. citizens, permanent residents, and visa holders are eligible. Prequalification is available online with a soft credit inquiry. The formal application triggers a hard credit pull. Applications can be submitted online, by phone (800-872-2657 or 866-409-0969), or in person at a branch.
U.S. Bank personal loans are available in all 50 states. In areas without U.S. Bank branches, loans are available through the State Farm partnership, where State Farm customers can apply for up to $50,000 through their local agent. State Farm customers receive the same product features as direct U.S. Bank customers. Joint applicants require the primary borrower to be an existing U.S. Bank customer.
U.S. Bank Personal Loan Funding Speed
Funding speed depends on the borrower’s relationship with U.S. Bank. Existing customers who elect to deposit loan proceeds into a U.S. Bank checking or savings account can receive funds within approximately 2 hours of signing loan documents. This is one of the fastest funding timelines in our review series.
Non-customers or borrowers who direct funds to an external bank account face a 1 to 4 business day timeline. The external account must be verified before disbursement, which can add time. Loan approval decisions are typically delivered in less than one minute after application submission. The gap between the 2-hour customer experience and the multi-day non-customer experience is the most significant service differential in our series.
U.S. Bank Personal Loan Customer Experience
U.S. Bank scored above the industry average in J.D. Power’s 2025 U.S. Consumer Lending Satisfaction Study (industry average: 704 on a 1,000-point scale). The specific score for U.S. Bank was not individually published in the top-three rankings, but the above-average placement indicates solid borrower satisfaction for the personal loan product.
The CFPB received 39 personal-loan-related complaints about U.S. Bancorp in 2024. The most common complaint categories were obtaining a loan and issues with a line of credit. U.S. Bancorp provided a timely response to all 39 complaints; 30 were closed with an explanation, 8 with nonmonetary relief, and 1 with monetary relief. This complaint volume is low relative to U.S. Bank’s size and loan portfolio.
Third-party review platforms are less favorable. U.S. Bank has a “bad” rating on Trustpilot based on over 1,000 reviews, and BBB customer reviews average approximately 1 out of 5 stars. As with other large banks, these ratings reflect the full range of banking products and services, not specifically the personal loan. The U.S. Bank mobile app is well-rated at approximately 4.8 on the Apple App Store and 4.5 on Google Play. Customer support is available by phone, in-branch (2,200+ locations), and through the mobile app. U.S. Bank is accredited by the BBB with a B+ rating.
U.S. Bank Personal Loan Financial Strength and Reputation
U.S. Bancorp (NYSE: USB) is the fifth-largest commercial bank in the United States by assets, with approximately $680 billion in total assets and $24.9 billion in revenue for 2024. The company has been continuously operating since 1863 and is one of the most stable banking institutions in the country. U.S. Bank is FDIC-insured, and all personal loans are made by U.S. Bank National Association.
U.S. Bank holds a B+ BBB rating with accreditation dating back to 1970. The Trustpilot rating is poor (“bad” based on 1,000+ reviews), though this is consistent with most large bank Trustpilot profiles. The bank has no significant pending regulatory actions related to personal lending. The State Farm partnership, established in 2020, has expanded the bank’s distribution footprint and served over 900,000 customers through State Farm agent relationships.
Who Are U.S. Bank Personal Loans Best For?
U.S. Bank personal loans are a good fit for:
- Existing U.S. Bank customers: The full product advantage (up to $50K, 84-month terms, autopay discount, 2-hour funding) is available only to existing account holders. If you already bank with U.S. Bank, this is one of the most competitive personal loan products available.
- Borrowers who want a co-borrower or secured option: U.S. Bank is one of the only traditional bank lenders that offers both joint applications and CD-secured loans on personal loans.
- Small-loan borrowers: The $1,000 minimum is the lowest in our series. Most competitors require $2,000 to $5,000.
- State Farm customers: The partnership gives State Farm customers full access to U.S. Bank personal loans (up to $50,000) through their local agent, even in states without U.S. Bank branches.
- Borrowers who want extended terms: 84-month repayment gives customers time flexibility, though longer terms increase total interest paid.
U.S. Bank personal loans may not be the best fit for:
- Non-customers who need more than $25,000: The $25,000 cap, 60-month max, no rate discount, and slower funding make the non-customer product less competitive.
- Debt consolidation borrowers: No direct payment to creditors. Happy Money, Achieve, and Upgrade are better for consolidation-specific needs.
- Borrowers who may need hardship assistance: U.S. Bank does not offer deferred or reduced payments during financial difficulty.
- Large-loan borrowers ($50K+): SoFi and LightStream offer up to $100,000.
How to Apply for a U.S. Bank Personal Loan
- Check your rate: Visit usbank.com/personal-loans or statefarm.com/personal-loans and click “Check Your Rate.” Enter your desired loan amount and purpose. U.S. Bank runs a soft credit inquiry with no impact on your credit score.
- Review your offers: If prequalified, U.S. Bank presents loan options showing APR, term, monthly payment, and total cost. Decide whether to set up autopay from a U.S. Bank account for the rate discount.
- Complete the application: Provide documentation, including government-issued ID, Social Security number, and income verification (pay stubs). U.S. Bank conducts a hard credit inquiry at this stage.
- Receive your decision: U.S. Bank typically delivers a loan decision in less than one minute after application submission.
- Sign and receive funds: Sign loan documents online. Existing U.S. Bank customers can receive funds in their U.S. Bank account within approximately 2 hours. External accounts receive funds in 1 to 4 business days.
How U.S. Bank Personal Loans Compare
The table below shows how U.S. Bank compares to three bank competitors that also charge no origination fee.
Feature | U.S. Bank | Citibank | Discover | LightStream |
APR Range | 7.74–24.99% | 9.99–19.49% | 7.99–24.99% | 6.94–25.29% |
Loan Amounts | $1K–$50K | $2K–$30K | $2.5K–$40K | $5K–$100K |
Origination Fee | None | None | None | None |
Min. Credit Score | ~680 | ~720 | ~660 | ~660 |
Terms | 12–84 mo. | 12–60 mo. | 36–84 mo. | 24–144 mo. |
Funding Speed | Within 2 hours (USB acct) | Same day (Citi acct) | Next biz day | Same day |
Co-borrower | Yes | No | No | Yes |
Secured Option | Yes (CD) | No | No | No |
Late Fees | Varies | None | $39 | None |
Rate Discounts | Autopay from USB acct | Autopay (0.50%), Citi Priority (0.25%) | None | Autopay (0.50%) |
Final Verdict
U.S. Bank earns a 4.0 out of 5.0 in our scoring methodology, the highest rating among traditional bank lenders in our review series. The combination of a 7.74% floor APR, no origination fee, joint application support, CD-secured loan option, $1,000 minimum, 84-month maximum term, and 2-hour funding for existing customers creates the most complete bank personal loan product we reviewed.
The two-tier structure is the most significant limitation. Non-customers receive a materially different product: lower loan cap ($25,000), shorter maximum term (60 months), no rate discount, and slower funding (1 to 4 business days). If you are not a U.S. Bank customer and do not plan to become one, compare offers from Discover, LightStream, and Citibank, all of which provide more consistent experiences for new borrowers.
For existing U.S. Bank or State Farm customers with good to excellent credit who want a flexible, fee-free personal loan with fast funding, U.S. Bank is the strongest bank option in our series. Start by checking your rate with a soft pull, comparing against offers from LightStream and Discover, and factoring in the co-borrower and secured loan options if they apply to your situation.
Methodology
This review is part of a 15-lender personal loan review series. Each lender is scored across six weighted categories: Rates & Fees (25%), Loan Terms & Flexibility (20%), Eligibility & Accessibility (20%), Speed & Application Process (15%), Customer Experience (10%), and Transparency & Reputation (10%). The weighted score formula produces a single rating out of 5.0, rounded to the nearest 0.5. Data sources include lender websites, the CFPB Consumer Complaint Database, J.D. Power’s 2025 U.S. Consumer Lending Satisfaction Study, Federal Reserve interest rate data, BBB and Trustpilot profiles, app store ratings, and TransUnion Credit Industry Insights.
Frequently Asked Questions
Answers to your questions about U.S. Bank Personal Loans.
U.S. Bank does not publicly disclose a minimum credit score. Third-party sources report approximately 680 for existing customers. A credit score of 800 or greater is required for the lowest APR.
No. U.S. Bank charges no origination fee and no prepayment penalty.
Existing U.S. Bank customers can receive funds within approximately 2 hours of signing the loan documents. Non-customers or external account deposits take 1 to 4 business days.
No, but non-customers are limited to $25,000, 60-month terms, no rate discount, and slower funding. The full product is available only to existing U.S. Bank or State Farm customers.
Yes. U.S. Bank accepts joint applications. The primary borrower must be a U.S. Bank customer.
Yes. Borrowers can secure their personal loan with a U.S. Bank certificate of deposit (CD) as collateral.
Yes, but U.S. Bank does not send funds directly to creditors. You will receive the funds in your account and must pay off your creditors yourself.
12 to 84 months for existing customers; 12 to 60 months for non-customers.
