At a Glance
Rates & Fees
Key Features
Available only to eligible American Express consumer cardmembers invited to apply
No origination or prepayment fees
Fixed-rate terms from 12 to 60 months
Pros & Cons
Pros
- Published APR ceiling below many competing personal loans
- No origination fee
- Checking an offer does not affect your credit score
Tradeoffs
- Requires an eligible Amex consumer card and an invitation
- Cannot pay down American Express-issued cards
- The displayed score is an estimate; Amex does not publish a universal cutoff
How to Apply
Check your rate with American Express — most personal loan lenders let you pre-qualify with a soft credit check that doesn't affect your credit score.
Compare the estimated APR, term, and monthly payment against at least one other lender before committing.
Gather proof of income, identification, and bank account details for the formal application.
Submit the full application directly on American Express's site; approval typically requires a hard credit inquiry.
If approved, review the final loan agreement for the origination fee and funding time (as fast as 1 day after acceptance and verification; bank posting may take longer) before signing.
How It Compares
Current product highlighted| Product | APR Range | Loan Amount | Origination Fee |
|---|---|---|---|
| American Express Personal Loan | 6.99%–19.99% | $3,500–$50,000 | None |
| Citi Personal Loan | 9.99%–17.49% | $2,000–$30,000 | None |
| LightStream Personal Loan | 7.24%–24.89% | $5,000–$100,000 | None |
| SoFi Personal Loan | 6.99%–35.49% | $5,000–$100,000 | None (optional fee for lower rate) |
Rates and terms shown are illustrative as of 2026 and vary based on creditworthiness, income, and loan amount — always confirm current terms directly with the lender.