Life is filled with surprises—our personal loan process isn't

Interest rates as low as 8.24%1

No prepayment fee, no late fees

Bankers are standing by to help you 24/7

Multiple repayment Options

Fixed monthly payment options

One-time origination fee of 1.5%2

Here's how easy it is


1. Log in to your Webster Bank account


2. Answer five quick questions

3. Get a decision in seconds

Common questions about personal loans

  • Applicant's primary residence must be in Webster's unsecured lending market, which includes: CT, MA, NY or RI.

  • Applicant must have an active personal Webster Checking Account, opened for a minimum of 180 days with sufficient transaction history. Applicants with limited credit history must have a Webster Personal Checking account opened for a minimum of 365 days.

  • Applicant must not have a Webster Personal Loan application that was denied in the last 180 days or approved in the last 90 days.

  • Applicant must have a Webster Online Services profile.

  • Applicant cannot have more than 3 unsecured loans or a combined unsecured loan amount which exceeds $30,000.

A personal loan is an unsecured loan which means it doesn’t require you to have collateral such as a car or house.

Personal loans usually offer lower interest rates than credit cards, so using a personal loan to pay off your credit card debt could help you save money on interest and potentially get out of debt faster.

Any debt impacts your credit, including a personal loan. However, As long as you make your loan payments on time and in full, your score will be impacted positively. The more on-time payments you have, the better your credit score.

No. You can make extra payments at any time to pay down your loan faster, or even pay it off completely – all without penalty.

At Webster, there are no hidden costs. You’ll pay only a one-time origination fee of 1.5%2 of your approved loan amount.

Personal loans can be used for almost anything, including paying for home improvements, debt consolidation, medical or dental expenses, wedding costs, or any unexpected expense that arises – up to $25,000.

At Webster, personal loans are available from $3,000 up to $25,000, plus origination fee.*

There are multiple repayment options that you can choose from when you’re loan is approved. Simply choose the option that works best for you.