Out of Business


in Personal Loans

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Out of Business


in Personal Loans

SuperMoney Net Recommendation Score -33% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Mostly not recommended

2 users recommend
0 users are unsure
4 users don't recommend
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Where does BorrowersFirst do business?

BorrowersFirst is a bank based in Austin, TX. Founded in 2013, BorrowersFirst offers access to personal loans in 34 states across the USA.

What personal loan APRs are offered via BorrowersFirst?

BorrowersFirst offers a fixed APR personal loan product that ranges from 7.22% up to 29.99% APR.

Does BorrowersFirst charge an origination fee?

Yes, BorrowersFirst charges a loan origination fee of up to 5% of the loan amount.

Does BorrowersFirst charge a late fee?

Yes, BorrowersFirst may charge borrowers a late payment fee of up to $15

Does BorrowersFirst charge prepayment fees?

No, BorrowersFirst does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow via BorrowersFirst?

Loan amounts start at $2,500 and go up to $35,000.

What can a personal loan from BorrowersFirst be used for?

Personal loans from BorrowersFirst are typically used for special purchases, debt consolidation, home improvement projects, weddings, unexpected expenses or similar purposes.

What is the maximum loan term you can get with BorrowersFirst?

BorrowersFirst offers personal loans with terms ranging from 12 to 36 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.

What do you need to qualify for a loan with BorrowersFirst?

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

BorrowersFirst only considers borrowers who are employed.

Active duty servicemembers and their covered dependents are eligible to apply for a loan via BorrowersFirst. 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
  • Proof of citizenship or residence permit
  • Recent pay stubs

What is the estimated funding time for a personal loan via BorrowersFirst?

BorrowersFirst will typically approve (or deny) a loan application within 1 hour and fund personal loans within 7 business days of approval.

Does BorrowersFirst report loan payments to credit bureaus?

BorrowersFirst may report credit data to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion
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  • Headquarters
  •   PO Box 163207
    Austin, TX 78716 USA
  •   Visit Site


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 34 states
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Delaware
  • Florida
  • Georgia
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Missouri
  • Montana
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • North Carolina
  • Ohio
  • Oklahoma
  • Pennsylvania
  • South Carolina
  • South Dakota
  • Texas
  • Utah
  • Virginia
  • Washington

Feature Breakdown

No Prepayment Fee  
Late Fee Amount $15
Origination Fee Up to 5%
Minimum Age 18
Credit Score Range 640 - 850
850 300 640
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Joint Loan Applications Accepted
  • Individual Applications
Verification Documents Required
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Amount $2.5K - $35K
Loan Term (Months) 12 - 36
APR (Fixed APR) 7.22% - 29.99%



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