How to Get an Emergency Loan From Wells Fargo?

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Matthew DuFinancial Writer

Posted on Dec 05, 2024

Wells Fargo does not offer emergency loans directly. However, you can get one of the following services from Wells Fargo to cover emergency expenses.

  • Personal Loan

    With a credit score above 660, you can easily get a personal loan ranging from $3,000 to $100,000 (depending on your proof of income) in as quickly as 2 working days with an APR ranging between 5.99% and 19.99%.

  • Home Equity Line of Credit (HELOC)

    This allows you to borrow from a credit limit with your house as collateral, meaning that your house can be foreclosed upon if you default on payments. You are able to borrow between $25,000 and $100,000 (depending on the amount of the mortgage that has already been paid) at an APR of 4%-9%.

  • Credit Card

    You can also get a Wells Fargo credit card. Depending on the type of credit card, you can make credit card purchases at no interest (for a limited time). It may take a while to get approved and receive a credit card if you don't already have one.

  • Credit Card Cash Advances

    This is one of the quickest processes. With a Wells Fargo credit card, you can get a cash advance as easily as walking to an ATM and withdrawing cash, as you would do with a debit card.

    Except that the money is not removed from your account balance but from your credit limit. However, cash advances usually attract high interest rates and other charges.

Wells Fargo provides both long and short-term loans or direct deposit advances. They offer simple online or phone applications to customers who have an existing account and usually make decisions regarding approval on the same day they apply.

If you do not have an account, you will have to visit a branch in person to make inquiries.

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