Charter Bank is a community bank with headquarters in West Point, Georgia. It was founded in 1954 with the main purpose of providing residential loans to first-time homebuyers. Today, Charter Bank continues to specialize in residential loans but is a full-service bank that accepts deposits, makes secured and unsecured loans, and offers a wide range of investment options.

How Does It Work?

Charter Bank provides low interest personal loans to qualified account holders. Charter Bank doesn't have an online application form, so your first step should be to call or visit your closest branch. If your loan is approved, funds will be deposited in your Charter Bank account or wired to another account for a $20 fee.

What Are CharterBank's Loan Interest Rates?

Charter Bank does not have a range of rates based on creditworthiness. Instead, it offers a single rate of 5% to eligible borrowers. If you set up automatic payment from your Charter account, you will receive an additional 0.5% discount.

How Much Money Can I Borrow?

Loan amounts range from $1,000 to $10,000 and the maximum loan term is 36 months. If you borrow $10,000 with a loan term of 36 months, your monthly payment will be $300.

What Is The Application Process Like?

There isn't an online application form so you'll have to call in or visit your closest branch to get file your loan application. Charter's application process is fast and straightforward. If you have all the documentation you should have a reply within 24 hours.

How Is It Better Than Other Lenders?

Charter Bank offers personalized customer care, a simple and fast application process and very competitive interest rates on personal loans. Your credit score needs to be good to excellent. You must also have an account with Charter Bank for at least six months before applying for a personal loan.

  • Institution Type
  • Monthly Fee
  • Bauer Financial A+/A Rating
  • Account Features
    • Bauer Financial A+/A Rating
    • CDs
    • Checking
    • Debit Card
    • FDIC Member
    • Free Bill Pay
    • Free Debit Card
    • Interest Bearing Account
    • IRAs
    • Mobile Banking
    • Mobile Check Deposit
    • No ATM Fees
    • Savings
    • Visa/Mastercard
  • APY
    Starting at 0.05%
  • Savings Interest Rate
    Starting at 0.04%
  • Checking Interest Rate
    Starting at 0.05%
  • CDs
  • Checking
  • IRAs
  • Savings
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