Wells Fargo (loans): verified facts and rating
Licensed since: 1870 Checked 2026-10-30
Score breakdown
88% backed by facts · How we rank
Wells Fargo (loans) against the market
The dot is the company, the line is the median of all companies in this ranking.
Published rate, % of country reference82%125%82% · median 100%
Support hours a week52 h168 h84 h · median 83 h
Maximum amount, % of country reference70%300%200% · median 100%
Longest term60 mo84 mo84 mo · median 60 mo
Wells Fargo (loans) strengths and weaknesses
Pros
- Long licence history
- Licence confirmed by the official list or a stated licence number
- Publishes how to complain
- No arrangement fee in the standard terms
Cons
- Online application is not open to new customers
All facts
| Fact | Value | Source | Checked |
|---|---|---|---|
| Licensed since | 1870 ESTYMD 01/01/1870 | api.fdic.gov | 2026-10-30 |
| Licensed by the regulator | Yes FDIC cert 3511, ACTIVE 1 | api.fdic.gov | 2026-10-30 |
| Published rate, % of country reference | 82% Rates range from 6.74% to 26.74% APR; lowest for at least $10,000, 3-year term, includes 0.25% relationship discount (autopay from a qualifying Wells Fargo account); rates as of 10/07/2026 · APR 6.74% · index 100 = 8.2% (median at launch) | wellsfargo.com | 2026-10-30 |
| Free early repayment | Yes Our personal loans require no prepayment penalty. | wellsfargo.com | 2026-10-30 |
| No arrangement fee | Yes Personal loans do not have an origination fee. | wellsfargo.com | 2026-10-30 |
| Fees or terms published | Not verified | — | |
| Complaints procedure | Yes Share your feedback, compliments, or complaints; 1-844-WF1-CARE | wellsfargo.com | 2026-10-30 |
| Online application for new customers | No To be eligible to apply, you need to be a Wells Fargo customer for at least 12 months (existing customers only) | wellsfargo.com | 2026-10-30 |
| Support hours a week | 84 h Call us to speak with a banker. 1-844-WF1-CARE Mon-Fri 7 am-9 pm, Sat 7 am-9 pm Central. General Banking 1-800-869-3557 is listed as 24/7 on the contact page, but without saying a person answers | wellsfargo.com | 2026-10-30 |
| Maximum amount, % of country reference | 200% $3,000 to $100,000 · max 100000 USD · index 100 = 50000 USD (median at launch) | wellsfargo.com | 2026-10-30 |
| Longest term | 84 mo 12-36 months for $3,000-$4,999; 12-84 months for $5,000-$100,000 | wellsfargo.com | 2026-10-30 |