SuperMoney
  First Bank and Trust of New Orleans Vehicle Loan

First Bank and Trust of New Orleans Vehicle Loan

in Auto Loans from First Bank and Trust of New Orleans

Unaffiliated

First Bank and Trust of New Orleans Vehicle Loan

Unaffiliated

in Auto Loans from First Bank and Trust of New Orleans

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend First Bank and Trust of New Orleans Vehicle Loan to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Credit Score Range 630 - 840
Loan Amount N/A
APR  (Fixed APR) 5% - 7.5%
Loan Term (Months) 36 - 60 months

First Bank and Trust of New Orleans Vehicle Loan Review

First Bank and Trust of New Orleans Vehicle Loan is offered by First Bank and Trust of New Orleans, a bank founded in 1991 and based in New Orleans, LA. First Bank and Trust of New Orleans Vehicle Loan is available in 3 states across the USA.

First Bank and Trust of New Orleans Vehicle Loan FAQ

What APR does First Bank and Trust of New Orleans Vehicle Loan offer on its car loans?

First Bank and Trust of New Orleans Vehicle Loan offers a fixed apr car loan product that ranges from 5% APR up to 7.5% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum auto loan term you can get with First Bank and Trust of New Orleans Vehicle Loan?

First Bank and Trust of New Orleans Vehicle Loan has car loans with terms ranging from 36 to 60 months. Having the option of longer terms -- terms can range up to 144 months -- allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does First Bank and Trust of New Orleans Vehicle Loan charge an origination fee?

Yes, First Bank and Trust of New Orleans Vehicle Loan may charge a loan origination fee.

Does First Bank and Trust of New Orleans Vehicle Loan charge a late fee?

Yes, First Bank and Trust of New Orleans Vehicle Loan charges borrowers with a late payment penatly fee of up to $35

Does First Bank and Trust of New Orleans Vehicle Loan charge prepayment fees?

Yes, First Bank and Trust of New Orleans Vehicle Loan does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my First Bank and Trust of New Orleans Vehicle Loan loan?

Yes, you can. However, First Bank and Trust of New Orleans Vehicle Loan charges a prepayment fee if you pay your car loan early. This fee could reduce or eliminate the savings from paying the car loan early.

What do you need to qualify for First Bank and Trust of New Orleans Vehicle Loan?

Applicants with a credit score of at least 630 and up to 840 may be eligible for First Bank and Trust of New Orleans Vehicle Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for auto loans with First Bank and Trust of New Orleans Vehicle Loan, applicants need a minimum annual income of $ or higher. First Bank and Trust of New Orleans Vehicle Loan only considers borrowers who are employed and meet the minimum income requirement. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via First Bank and Trust of New Orleans Vehicle Loan. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by First Bank and Trust of New Orleans Vehicle Loan. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Recent pay stubs
  • Proof of income
  • Proof of insurance
  • Driver's license
  • Government issued photo ID
  • Proof of identity

Does First Bank and Trust of New Orleans Vehicle Loan report your account activity to credit bureaus?

Yes, First Bank and Trust of New Orleans Vehicle Loan reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From First Bank and Trust of New Orleans Vehicle Loan

Whether you need a new vehicle to get to work or it's time to escape to the great outdoors and recharge your batteries, First Bank and Trust can help you find the loan that fits your budget. And if you're stuck paying too much money on an old loan, refinance with us to save money for more adventures. We make it easy and convenient for customers like you in Louisiana, Mississippi and Florida to upgrade when you're in the market for a car, truck, SUV, van, motorcycle, RV or boat.

Availability

  Available in 3 states
  • Florida
  • Louisiana
  • Mississippi

Feature Breakdown

Late Fee Amount $35
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Cosigner
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Annual Income $0
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
  • Tax Returns
Vehicle Type
  • Auto
  • Motorcycles
  • Boats
  • RVs
  • ATVs
Verification Documents Required
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Proof of Insurance
  • Government Issued Photo ID
  • Social Security Number
  • Driver License (or other photo ID)
Credit Score Range 630 - 840
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Options
  • Automatic Payments
  • Check by mail
  • Storefront
  • Bank Transfer
  • Cash
Pre-Approved Soft Credit Inquiry
APR (Fixed APR) 5% - 7.5%
Loan Term 36 - 60 months

Be the first to rate

 

Would you recommend First Bank and Trust of New Orleans Vehicle Loan to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other Auto Loans