Last Modified: September 26, 2023


American Express Personal Loans are personal loans issued by American Express National Bank. Personal Loans are not Card products. Unlike American Express Cards, they are not eligible for any Card benefits, rewards programs, or insurance. For example, you do not get Membership Rewards® points or Reward Dollars from American Express with your Personal Loan.


Any information American Express collects from you shall be governed by our Privacy Statement (


Eligibility, Use and Verification

You can only apply if you receive an offer to apply and continue to meet the eligibility requirements. You must be 18 years or older, a U.S. citizen or resident of the U.S. or its territories, and have an active American Express Card. You must also have an American Express online account to view your Loan Documents. If you do not, you can create one at When you apply for a Personal Loan, you are representing that all information in your application is true, correct, and accurate. If you have previously accepted an American Express Personal Loan, you are not eligible to apply for another Personal Loan until at least 60 days after you signed your most recent loan agreement, and only if you receive a pre-approved offer. If you applied for a Personal Loan, and we declined you, or we approved you but you did not sign your loan agreement within three days, you may apply for another Personal Loan if you receive a pre-approved offer. You may not have more than two active Personal Loans and/or American Express Business Loans at any given time.


Personal Loans may not be used for post-secondary education expenses, real estate, business, securities, vehicle purchases (other than as down payment for a vehicle), or any purpose prohibited by law or not otherwise permitted by these terms and conditions or your Loan Agreement.


We reserve the right to verify any information you provide to us or that we have on file for you, including your identity and any bank account information. However, we may also rely on the accuracy, authenticity and completeness of any information that you provide to us. We reserve the right to refuse to make any payment to any of your designated accounts if your request does not meet these terms and conditions or the terms of your Loan Agreement, or violates applicable law.



Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account or applies for a loan, including your name, address, date of birth, and other information that will allow us to verify your identity. We may also ask you to provide identifying documents.


Your Pre-Approved Loan Amount and APR

Your pre-approved loan amount and annual percentage rate (APR) are based on your creditworthiness and other factors at the time of pre-approval. Your actual APR may vary based on the amount you borrow and the repayment period you select, but it will not exceed your pre-approved maximum APR.


After you receive your pre-approved offer, you must submit an application to find out if you are approved for a Personal Loan. We may not approve your application if there has been any material change to your financial condition or creditworthiness, as a result of our fraud review or for other reasons under applicable law.


Fund Disbursement

Funds will be deposited directly into your bank account on file. If you do not have an existing bank account on file, you will be prompted to add the routing and account numbers of your bank account. Your bank account must be in your name and may be verified upon submission. Your requested loan amount must be at least $3,500. If you are required to add a bank account, you will have three (3) days from the date you sign your loan agreement to add a bank account; otherwise, you will not receive your loan funds. In some cases, we may need to verify your account by asking you for personal information. If you are unable or unwilling to satisfy these conditions or we are otherwise unable to verify your bank account, we will not be able to send any loan funds to you and your loan agreement will be void and unenforceable.


After you’ve signed your loan agreement and completed all necessary verification steps, we typically send your loan funds in one day to the bank account you designated in your application. If you are required to add a bank account to receive your loan funds, we typically send your loan funds to that bank account in one day after we verify your account.


Please note that your bank may take additional time to post your loan funds to your account. If any loan funds do not post to your bank account within two weeks, please contact us or your bank. We are not liable for any loss or injury resulting from any failure or delay in issuing your loan funds.


Your Loan Agreement

If we approve your loan application, we will present you with your actual loan terms. These terms will include your APR, total interest charges, amount financed, total payments and repayment schedule (including your monthly payment amount). We will also present you with your Loan Agreement and other required disclosures.


You will have three (3) days from when you are approved to review your loan terms and electronically sign your Loan Agreement. If you do not electronically sign your Loan Agreement within these three days, we will withdraw our approval and you will not be able to obtain your loan.


Credit Reports

By applying, you agree that we may obtain credit reports and other information about you from other sources, including consumer reporting agencies and our affiliates. You agree that we will use such information for any purposes, subject to applicable law. Upon request, we will tell you if we have received a consumer report and the name and address of the agency that provided it. You authorize us and our affiliates and subsidiaries to share information we have about you at any time for marketing and administrative purposes, subject to applicable law.


Consent to Electronic Communications

To apply for a Personal Loan, you must agree to receive communications and other documents in electronic form pursuant to the Consent Statement. If you do not agree to the Consent Statement, you will not be able to apply for your loan.


Notice to California Residents: An applicant, if married, may apply for a separate account.


Notice to Ohio Residents: The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio civil rights commission administers compliance with this law.


Notice to Married Wisconsin Residents: No provision of any marital property agreement, unilateral agreement, or court decree under Wisconsin’s Marital Property Act will adversely affect a creditor’s interest unless, prior to the time credit is granted, the creditor is furnished a copy of that agreement or decree or is given complete information about the agreement or decree.