Last Updated: 04/18/2025
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Highlights
APR (Fixed APR)
5.99% - 29.99%(Verified 06/21/2024)
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Amount Range
$5,000 - $30,000
Loan Term (Months)
36 - 60
BankMobile Personal Loan Review
BankMobile Personal Loan is offered by Customers Bank, a bank founded in 1997 and based in Phoenixville, PA. Bank Mobile loan are available in 50 states and Washington, DC.
Key Takeaways
- APRs starting at 5.99%. Personal loan interest rates typically range between 9% and 36%. The starting rates for BankMobile Personal Loan are on the lower end of the spectrum.
- Fast access to funds. If approved, Customers Bank will send the money in as little as 24 hours.
- Prequalified rate. You can check your prequalified rate at Customers Bank with a soft pull that will not affect your FICO or VantageScore.
- No origination fee. BankMobile Personal Loan does not charge a loan origination fee.
Bank Mobile loan Pros & Cons
| Pros | Cons |
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Bank Mobile loan FAQ
What interest rates and personal loan terms does Bank Mobile loan offer?
Bank Mobile loan has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Bank Mobile loan offer?
Bank Mobile loan offers a fixed APR personal loan product that ranges from 5.99% APR up to 29.99% APR.
How much can you borrow via Bank Mobile loan?
Personal loan amounts start at $5,000 and go up to $30,000
What is the maximum loan term you can get with Bank Mobile loan?
Bank Mobile loan offers loans with terms of up to 60 months.
| Personal Loan Amount | $5000 - $30000 |
| Loan Term | 36 - 60 months |
| APR | 5.99% - 29.99% |
What fees does Bank Mobile loan charge?
Does Bank Mobile loan charge an origination fee?
Bank Mobile loan does not charge a personal loan origination fee.
A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, consider lenders that don’t charge origination fees.
Does Bank Mobile loan charge a late fee?
Bank Mobile loan does not disclose whether it charges late payment fees.
Does Bank Mobile loan charge prepayment fees?
No, Bank Mobile loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | 0% |
| Prepayment Fee | N/A |
| Late Payment Fee | No |
What do you need to qualify for BankMobile Personal Loan?
Applicants with a credit score of at least 640 and up to 850 may be eligible for BankMobile Personal Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher. BankMobile Personal Loan does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders with a U.S. tax identification number are eligible to apply for the services offered by BankMobile Personal Loan.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Proof of income
- Bank account information
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
- Proof of citizenship or residence permit
- U.S. tax identification number
| Minimum Age | 18 |
| Bank Account Required? | No |
| Credit Score | 640 - 850 |
What is the estimated funding time for a personal loan via Bank Mobile loan?
Bank Mobile loan will typically fund loans within 1 to 2 business days of approval and clearing necessary verifications.
Does BankMobile Personal Loan report your account activity to credit bureaus?
Yes, BankMobile Personal Loan reports to the following credit bureaus:
- 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 build your credit.
Does Customers Bank perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. Bank Mobile loan allows you to check your rates with a soft credit pull.
Are BankMobile Personal Loan legit?
Customers Bank was founded in 1997, it is a well-established company that has been in business for 29 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 6:00PM
Tuesday
9:00AM - 6:00PM
Wednesday
9:00AM - 6:00PM
Thursday
9:00AM - 6:00PM
Friday
9:00AM - 6:00PM
Saturday
Closed
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Learn MoreSuperMoney Net Recommendation Score
Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.
-25
-1000+100
No one recommends
Everyone recommends
BankMobile Personal Loan Community Reviews
Would you recommend BankMobile Personal Loan to your friends?
DC
Dylan C.
Oct 31, 2023
May or may not recommend
I never thought I would be excited about a loan! However, with the BankMobil Personal loans, I can be! I am very confident with how I invest in this loan, and am extremely satisfied with the results I have seen from using it. Not only am I able to invest in things for my future.
EM
Emily M.
Oct 26, 2023
May or may not recommend
Although customer service has always been great for me. I would not recommend it for two main reasons:
-I was still given a higher-than-average interest rate in applying for a loan with a good credit score.
-You are penalized with a fee for paying off the loan early. Plus, they charge hefty late payment fees.
It was ultimately the high-interest rate, despite having a good credit score and the fee ...Show More
Joseph M.
Mar 26, 2023
May or may not recommend
I'm not sure yet, I haven't applied or actually went through the process of attaining a loan through blank mobile. I will submit a review when I actually do that, and it will be based on how that process is carried out. And you know
Daniel E.
Apr 19, 2022
May or may not recommend
Getting the loan is very easy, which is the selling point. Everything beyond that is poor. The fees are outrageous. It is definitely worth you time to research and find a better loan, even if it takes a bit longer and is less convenient.
Showing 4 of 4 reviews
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