Where does Bank of America do business?

Bank of America is based in Charlotte, NC. The company was founded in 1784 and offers personal loans to borrowers in states.


Does Bank of America charge an origination fee?

Yes, Bank of America charges a loan origination fee .

Does Bank of America charge prepayment penalties?

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.

How much can you borrow from Bank of America?

What is Bank of America’s eligibility criteria?

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. 

What is the estimated funding time for a Bank of America personal loan?


  • Payment Options
  • Immigration Status Considered
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Supported Income Types
  • Verification Documents Required?
  • Institution Type
  • Funding Time
  • Credit Bureau Reporting
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