American Express Personal Loans: Up to $40,000 with Rates as Low as 5.91% APR!

American Express offers personal loan plans ranging from $3,500 to $40,000 for eligible cardholders, promising a decision in seconds and low rates starting at 5.91%.

In this way, Amex extends the brand’s credibility to unsecured loans, and you can learn how to apply.

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American Express is renowned in the U.S. market for the tradition of its all-inclusive cards, especially the classic models.

Beyond cards, Amex provides various financial services to its diverse range of credit card customers, including personal loans.

Loan terms can range from 12 to 60 months, equivalent to 5 years, providing flexible options to choose the best based on credit.

Thus, Amex offers a loan with competitive rates, swift decision-making in seconds, and funds in the account within one business day.

Furthermore, American Express does not charge origination fees or prepayment penalties. Therefore, borrowers will know exactly what they will pay for the next installment.

The minimum loan amount available is $3,500, while the maximum possible is $40,000 for service clients.

Interest rates range from 5.91% to 19.97% APR based on the borrower’s credit profile. Additionally, there are no other surprise fees for loan applicants.

First and foremost, to qualify for personal loans, the basic criterion is to be a holder of any Amex credit card.

To be eligible for loan consideration, it’s important to have a credit rating ranging from good to excellent. It’s worth noting that Amex already has such data from its customers.

According to Amex itself, a personal loan does not impact credit as long as the client pays correctly. However, in cases of delays or non-compliance with the contract, there may be a decrease in credit.

Amex’s personal loans can be used for various purposes, such as home improvements, debt consolidation, significant purchases, and covering immediate personal expenses.

It’s worth noting that the loan cannot be used for professional or educational purposes, as the company has specific services for such objectives.

Therefore, by having an Amex credit card, in addition to all the reliability and security, you will have the opportunity to apply for personal loans at favorable and fair rates.

Want to learn about another option?

BHG Money Personal Loans stands out in the American market for offering loan amounts above $200,000 and providing funds in the account within 24 hours.

So, if you are not an Amex customer or need more money for personal loans, you can refer to the dedicated article on how to apply for them.

Gabriel Gonçalves
Written by

Gabriel Gonçalves

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