From unforeseen medical expenses to last-minute travel plans, life has a way of giving us unexpected expenses that could use a helping hand. Now you can borrow up to $1,000 from Simple Loan – with fast and easy approval and no application fees, no hidden costs, and no pre-payment penalties. Plus, if you have a U.S. Bank personal checking account with direct deposit, you can receive your funds directly deposited into your U.S. Bank checking account in as few as minutes*. It’s the simple way to take care of life’s planned or unplanned expenses.
For a number of reasons, including unexpected medical bills, a car that unexpectedly needs a major repair, or any other type of unplanned expense, some of us may find ourselves in need of quick cash to help us get through difficult times. Thankfully, U.S. Bank now offers a Simple Loan – it’s an easy way to borrow up to $1,000 from your personal checking account and have the funds deposited directly into your account within minutes!
A Simple Loan provides you with a way to borrow up to $1,000 through the U.S. Bank personal checking account of your choice, allowing you to take care of life’s planned or unplanned expenses quickly and easily.
What is a Simple Loan?
A Simple Loan is designed for U.S. Bank personal checking customers who have incurred unplanned expenses and need cash fast. If you’re looking for short-term financing that doesn’t require extensive paperwork or faxing, you can use our online application to receive your funds directly deposited into your U.S. Bank personal checking account within minutes!
How Does it Work?
Quick cash can come in handy at various times throughout your life. Simple Loan helps you access an emergency credit line of up to $1,000 for unexpected expenses without affecting your credit score. This flexible loan can be paid back over time through your U.S. Bank personal checking account and available funds will be deposited directly into your account within minutes from when you apply. If you’re approved, it’s that easy!
Tips for Successful Approval
In order to approve your Simple Loan request, you’ll need two things:
- 1) Proof of your income. And
- 2) Two forms of identification (ID).
- U.S. Bank will pull and review your most recent tax return or paystub in order to verify proof of income.
Why Do I Need a Credit Check?
A Simple Loan uses your checking account as collateral. When you get approved for a loan, funds are deposited directly into your U.S. Bank personal checking account within minutes and are available immediately. By using your checking account as collateral in conjunction with credit checks that evaluate whether you’re likely to repay what you borrow, A Simple Loan provides peace of mind when borrowing up to $1,000*.
How Much Does it Cost?
If you’re borrowing less than $2,500 and it’s your first Simple Loan from U.S. Bank, it will cost you between $10 and 5 percent of your loan amount—depending on your creditworthiness (300+ FICO score is considered excellent). If you want to borrow more than $2,500 or are applying for a second Simple Loan in 12 months, there is an additional fee of 3 percent of your total balance.
Frequently Asked Questions
The Three-Step Process For Simple Loan: Borrow up to $1, 000.
- Step 1: Submit an application online.
- Step 2: Receive a real-time decision and funds deposited directly in your U.S. Bank personal checking account within minutes! Simple as that.
- Step 3: Use your loaned money toward anything from unexpected expenses to long-overdue plans and dreams – we’re here for you every step of the way! Is it really that easy? Yes!