Simple Loan is a quick and convenient way for U.S. Bank personal checking customers to borrow up to $1,000 to take care of life’s planned or unplanned expenses. Simple Loan, Calculate payments, U.S. Bank.
Fixed rates and three monthly payments
Borrow up to $1,000 in $100 increments with a fixed rate for every $100 you borrow. Also, repay the loan in three yearly payments.
Quick access to funds
Apply anytime in the app or in online banking, with a real-time decision and funds deposited directly into your U.S. Bank personal checking account.
No unexpected costs
There are no missed payment fees, non-sufficient funds fees, or late payment fees on a Simple Loan.
Easy application process
To get started, simply log in to mobile or online banking and select the Simple Loan application from your checking account menu.
Log In and Apply
Example of how to calculate payments
For every $100 borrowed you pay a $6 fee. If you borrow $400, your fee will be $24. You’ll pay back an aggregate of$ 424 in three yearly payments of roughly$141.33 each. Your total cost to adopt ( periodic chance rate) will be35.65.
Explore more loan options.
A Simple Loan is a one-time, high-cost loan. If you need more than $1,000 or are looking for ongoing credit, our other credit options might make more sense for you.
Personal loan
Looking to consolidate debt or fund a major purchase? Current U.S. Bank customers with credit approval can borrow up to $50,000 with our personal loan.
Learn More
Credit cards
Get perks for your everyday spending with a U.S. Bank credit card. Find the card that stylishly fits your life and earns cash back, prices, trip benefits, and more.
Learn More
A personal line of credit
Tackle financial goals with a little more flexibility. If you are a U.S. Bank client, you can use available credit as demanded and only pay interest on the finances you adopt.
Learn More
Reserve line of credit
Help overdrafts on yourU.S. Bank checking account and pay no periodic figure with a reserve line of credit.
Learn More
How to apply for a Simple Loan online Our operation process is fast and easy.
Step 1
If you’re at least 18 years old, you can start your application by logging in to and accessing the application link on the checking account page.
You’ll need:
A current U.S. Bank personal checking account that has been open for a minimum of six months with three months of recurring direct deposits
A Social Security number (SSN)
Step 2
Once you submit your application, we’ll gather your credit information. How long does it take to reuse? Generally, we notify you of your loan blessing status in lower than a nanosecond.
Step 3
If your loan is approved, finances are available within twinkles. You can close your loan online and access the funds from your U.S. Bank checking account.