U.S. Bank Simple Loan Info
The Simple loan from U.S. Bank is an online personal loan that you can get instantly when you apply for it and that allows you to have between $100 and $1,000 USD for whatever you want, with a repayment term of 3 months, with monthly installments.
It is an interest-free quick loan, although it applies a $6 fee for every $100 USD you apply for.
Thus, although the loan is interest-free, the cost is high, since for $1,000 the commission the bank takes is $60 USD.
If you need the money very urgently, it may be an option to consider, but if you are not in a hurry, it is better to use other options offered by the bank, such as the Personal Loan, or take out one of the U.S. Bank credit cards, which have lower costs.
U.S. Bank Simple loan requirements
In order to apply for the Simple loan you must meet the following conditions:
- Be at least 18 years old.
- Have a U.S. Bank account for at least the last 6 months.
- Obtain recurring direct deposits during the last 3 months in that bank account.
- Have a Social Security number.
Español: Préstamo Simple de U.S. Bank