Grace Enfield, Content Writer
@grace_enfield
Wells Fargo may approve you for a personal loan the same day you apply or within 1 to 3 business days. After your application is approved and you accept the offer, it takes 1 business day to receive your funds, which Wells Fargo will send to you by electronic bank transfer.
Key Things to Know About Wells Fargo Loan Approval
- Minimum Credit Score: 660+
- Approval Timeline: 1 to 3 business days
- Funding Timeline: 1 business day
- Fund Delivery Method: Electronic bank transfer
- Loan Amount: $3,000 - $100,000
- APR: 7.24% - 24.74%
- Repayment Period: 12 - 84 months
- Origination Fee: 0%
If you think a Wells Fargo loan is right for you, check out the full Wells Fargo personal loan review on WalletHub. You can also estimate your potential rates with our free pre-qualification tool.
People also ask
How long does it take to get money from a Wells Fargo personal loan?
It takes up to 3 business days to get money from a Wells Fargo personal loan, in most cases. The Wells Fargo loan timeline includes around 1 day to get approved for a Wells Fargo loan and another 1 - 3 business days to receive the funds after approval. Keep in mind that this is a typical applicant’s experience, and in some cases it could take longer.
How to Get Money From Wells Fargo as Fast as Possible
... read full answer by Rick Bormin, Personal Loans ModeratorDoes Wells Fargo do a hard inquiry?
Yes, Wells Fargo does a hard inquiry when you apply for a loan. This credit report inquiry will likely drop your credit score by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.
Wells Fargo's hard inquiry will stay on your credit report for two years, but it won't affect your credit after one year, and the impact may subside before then. To see how your...
read full answer by Rick Bormin, Personal Loans ModeratorIs it hard to get a Wells Fargo personal loan?
It is not very hard to get a personal loan from Wells Fargo because they accept applicants with fair to excellent credit scores of 660 or higher. Other Wells Fargo personal loan requirements include being at least 18 years old, having an SSN or ITIN, and having enough income to afford monthly loan payments.
Wells Fargo Personal Loan Requirements
- Minimum Credit Score: 660
- Age: 18+ years old
- Residency: U.S. citizen or...
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