Rick Bormin, Personal Loans Moderator
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To apply for a Wells Fargo personal loan, first check for pre-qualification and decide which way you will apply (online, by phone, or in person), then enter your personal and financial information on the application. Next, verify the accuracy of the information, submit the application and wait to receive a decision.
How to Apply for a Wells Fargo Personal Loan
- Check for pre-qualification. Pre-qualification is a way to check your approval odds and potential rates before applying for a Wells Fargo personal loan. It doesn’t hurt your credit. You can check for pre-qualification on the Wells Fargo website.
- Decide which way to apply. You can apply for a Wells Fargo personal loan online, by phone, or in person. Applying online is the best way because it typically offers the fastest decision.
- Enter your personal information on the application. Wells Fargo requires the following personal information on the application: your full name, Social Security number or Individual Tax Identification Number, date of birth, citizenship status, email address, primary telephone number, and permanent address.
- Enter your financial information on the application. Wells Fargo requires the following financial information on the application: employment status, work phone number, employer name, gross monthly income amount and source(s) of income (all sources you want to be considered for your loan), and monthly mortgage or rent payment amount.
- Double check the application for accuracy. To ensure that your Wells Fargo personal loan application gets processed as quickly as possible, make sure that all the information is correct and complete before you submit it.
- Submit your application. Wells Fargo will typically provide a decision on your application within up to 3 business days.
If you are approved for a Wells Fargo personal loan, you will generally receive the funds within 1 business day after approval. After that, it’s your responsibility to make monthly payments until you have fully paid back your loan, including interest.
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