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  BorrowersFirst Personal Loans

Out of Business

BorrowersFirst Personal Loans

in Personal Loans from BorrowersFirst

Out of Business

BorrowersFirst Personal Loans

in Personal Loans from BorrowersFirst

SuperMoney Net Recommendation Score -60% 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.

Strongly not recommended

1 user recommends
0 users are unsure
4 users don't recommend
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Highlights
Highlights
Community Rating Strongly not recommended
Loan Amount $2,500 - $35,000
APR  (Fixed APR) 7.22% - 29.99%
Loan Term 12 - 36 months
Number of Reviews 5

BorrowersFirst Personal Loans Review

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

What rates and terms does BorrowersFirst Personal Loans offer?

What personal loan APRs does BorrowersFirst Personal Loans offer?

BorrowersFirst Personal Loans offers a fixed APR personal loan product that ranges from 7.22% 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 BorrowersFirst Personal Loans?

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

What can a personal loan from BorrowersFirst Personal Loans be used for?

Personal loans from BorrowersFirst Personal Loans 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 Personal Loans?

BorrowersFirst Personal Loans 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.

BorrowersFirst Personal Loans Rates & Terms
Loan Amount $2500 - $35000
Loan Term 12 - 36 months
APR 7.22% - 29.99%

What fees does BorrowersFirst Personal Loans charge?

Does BorrowersFirst Personal Loans charge an origination fee?

BorrowersFirst Personal Loans charges a loan origination fee of up to 5% of the loan amount.

Does BorrowersFirst Personal Loans charge a late fee?

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

Does BorrowersFirst Personal Loans charge prepayment fees?

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

BorrowersFirst Personal Loans Fees
Origination Fee up to 5%
Prepayment Fee? No
Late Payment Fee $15

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

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

BorrowersFirst Personal Loans only considers borrowers who are employed.

Active duty servicemembers and their covered dependents are eligible to apply for a loan via BorrowersFirst Personal Loans. 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
BorrowersFirst Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Joint Applications Accepted? Yes
Credit Score 640 - 850

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

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

Does BorrowersFirst Personal Loans report loan payments to credit bureaus?

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

  • Equifax
  • Experian
  • Transunion
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Contact

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

About BorrowersFirst Personal Loans

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 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
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 12 - 36 months
APR (Fixed APR) 7.22% - 29.99%

BorrowersFirst Personal Loans Community Reviews

 
 

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