Bank of America is based in Charlotte, NC. The company was founded in 1784 and offers personal loans to borrowers in states.
Yes, Bank of America charges a loan origination fee .
Yes, Bank of America charges additional fees to borrowers who pay off their loans soon than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.
Active duty servicemembers and covered dependents can also apply for a Bank of America loan. High interest loans are not available to members of the armed forces because the The Military Lending Act prohibits lenders from charging them more than a 36% APR.
To qualify, applicants must provide the following documentation:
You must have a job to qualify for a loan.
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