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  BankMobile Personal Loan

BankMobile Personal Loan

in Personal Loans from Customers Bank

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BankMobile Personal Loan

Unaffiliated

in Personal Loans from Customers Bank

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Highlights
Highlights
Loan Amount $5,000 - $30,000
APR  (Fixed APR) 5.99% - 29.99%
Loan Term 36 - 60 months

BankMobile Personal Loan Review

BankMobile Personal Loan is a personal loan offering by Customers Bank, a bank based in Phoenixville, PA. Founded in 1997, Customers Bank offers access to personal loans in 50 states (and Washington, DC).

What rates and terms does BankMobile Personal Loan offer?

What personal loan APRs does BankMobile Personal Loan offer?

BankMobile Personal Loan offers a fixed APR personal loan product that ranges from 5.99% APR up to 29.99% 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.

How much can you borrow via BankMobile Personal Loan?

Loan amounts start at $5,000 and go up to $30,000.

What can a personal loan from BankMobile Personal Loan be used for?

Personal loans from BankMobile Personal Loan are typically used for special purchases or similar purposes.

What is the maximum loan term you can get with BankMobile Personal Loan?

BankMobile Personal Loan offers personal loans with terms ranging from 36 to 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

BankMobile Personal Loan Rates & Terms
Loan Amount $5000 - $30000
Loan Term 36 - 60 months
APR 5.99% - 29.99%

What fees does BankMobile Personal Loan charge?

Does BankMobile Personal Loan charge an origination fee?

BankMobile Personal Loan does not charge a loan origination fee.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does BankMobile Personal Loan charge a late fee?

Yes, BankMobile Personal Loan may charge borrowers a late payment fee

Does BankMobile Personal Loan charge prepayment fees?

Yes, BankMobile Personal Loan 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.

BankMobile Personal Loan Fees
Origination Fee 0%
Prepayment Fee? Yes
Late Payment Fee N/A

What do you need to qualify for a loan with BankMobile Personal Loan?

Applicants with a credit score of at least 640 can apply for a loan via BankMobile Personal Loan . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

BankMobile Personal Loan only considers borrowers who are employed.

Active duty servicemembers and their covered dependents are eligible to apply for a loan via BankMobile Personal Loan. Their rates fall within the limits of The Military Lending Act.Only U.S. citizens and permanent residents can apply for a loan.

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

  • Driver's license
  • Government Issued Photo ID
  • Proof of identity
  • Proof of citizenship or residence permit
  • Recent pay stubs
  • Proof of income
BankMobile Personal Loan Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Joint Applications Accepted? No
Credit Score 640 - 850

What is the estimated funding time for a personal loan via BankMobile Personal Loan?

BankMobile Personal Loan will typically approve (or deny) a loan application within 1 hour and fund personal loans within 2 business days of approval.

Does BankMobile Personal Loan report loan payments to credit bureaus?

BankMobile Personal Loan may report credit data to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion
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Contact

  • Headquarters
  •   99 Bridge St
    Phoenixville, PA 19460
  •   Visit Site

Other Services by Customers Bank

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Origination Fee  
Origination Fee ($) $0
Origination Fee 0%
Minimum Age 18
Credit Score Range 640 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • Tax Returns
Verification Documents Required
  • Government Issued Photo ID
  • Proof of Identity
  • Proof of Income
  • Recent Bank Statements
  • Recent Pay Stubs
  • Social Security Number
  • U.S. Tax Identification Number
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Amount $5K - $30K
Loan Term 36 - 60 months
APR (Fixed APR) 5.99% - 29.99%

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