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.
Fixed rates and three monthly payments
Borrow up to $1,000 in $100 increments with a fixed rate for every $100 you borrow. Then, repay the loan in three monthly payments.
Quick access to funds
Apply anytime in the app or in online banking, with a real-time decision1 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.
How to apply for a Simple Loan online
Our application process is fast and easy.
Step 1
If you’re at least 18 years old, you can start your application by logging in to mobile and online banking and accessing the Simple Loan application link on the checking account page.1
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 for a loan to process? Typically, we notify you with your loan approval status in less than a minute.
Step 3
If your loan is approved, funds are available within minutes. You can close your loan online and access the funds from your U.S. Bank checking account
Your first payment will be due no sooner than 30 days after your loan is approved. Your next two monthly payments will be due on that same day of the month.