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U.S. Bank launches new Simple Loan program for short-term cash needs

U.S. Bank has launched Simple Loan, a new program designed to help customers deal with unexpected or short-term cash needs.

With Simple Loan, U.S. Bank checking account customers can borrow between $100 and $1,000 with no hidden fees. Repayment takes place over three months via three fixed payments. The cost is $12 for every $100 borrowed for account holders who use autopay or $15 for every $100 if paid manually.

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