Wells Fargo & Co. is offering customers instant home equity loan approval over the Internet.

Customers who visit the bank's Web site, www.wellsfargo.com, can fill out applications for home equity loans and receive an answer "within seconds," the bank said.

Wells' no-fee service checks credit and available equity in the home to make a decision, the bank said.

If approved, the borrower will be contacted by a loan officer within 48 hours.

Customers in Wells' 10-state region-Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, and Washington-are eligible. They can borrow 100% of their home's value.

Wells had about 420,000 customers banking on-line as of Dec. 31.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.