What is a Simple Loan?
The U.S. Bank Simple Loan* is a quick, convenient way for you to borrow up to $1,000 to take care of planned and unplanned expenses. To get started, you'll need a U.S. Bank personal checking account that's been open at least six months.

How does the application work?
You can apply any time when you're logged into your account. You'll get a real-time decision, and the funds will be deposited directly into your U.S. Bank personal checking account.

How much can I borrow, and for how long?
You can borrow between $100 to $1,000, in $100 increments, and you repay the loan in 3 monthly payments.

How much does a Simple Loan cost?
$6 for every $100 borrowed (approximately 35.6% Annual Percentage Rate or APR) for ANY payment type (auto or manual payments). For example, a Simple Loan of $400 has a fee of $24. A total of $424 in 3 monthly payments of approximately $141.33 each. Annual Percentage Rate will be 35.65%.

If I pay off a Simple Loan, can I reapply for another Simple Loan?

Yes, you may apply for another Simple Loan, but you must wait 30 days from paying off a Simple Loan before obtaining a subsequent loan.

*Simple Loan is a high-cost loan and more affordable options may be available.

Additional information:

*Loans are offered through U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.

Visit usbank.com for options.