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  Exchange Bank of California Unsecured Personal Loan

Exchange Bank of California Unsecured Personal Loan

in Personal Loans from Exchange Bank of California

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Exchange Bank of California Unsecured Personal Loan

Unaffiliated

in Personal Loans from Exchange Bank of California

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Highlights
APR  (Fixed APR) 9.75% - 19.31%
Loan Amount $1,000 - $100,000
Loan Term (Months) 12 - 60 months

Exchange Bank of California Unsecured Personal Loan Review

Exchange Bank of California Unsecured Personal Loan is offered by Exchange Bank of California, a bank founded in 1890 and based in Santa Rosa, CA. Exchange Bank of California Unsecured Personal Loan is available in 1 state across the USA.

Key Takeaways
  • APRs starting at 9.75%. These are average starting rates for a personal loan. If you have good credit you may qualify for a loan with better rates.
  • Large loan amounts. You can apply for loan amounts of up to $100,000 with Exchange Bank of California Unsecured Personal Loan.
  • Hard credit pull required. You can't check your rates or see if you prequalify for Exchange Bank of California Unsecured Personal Loan without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
  • Origination fees starting at $60.Origination fees are deducted from the loan amount, so take it into account when deciding how much you need to borrow.
Exchange Bank personal loan Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Charges an origination fee.
  • Do not offer pre-approval with soft credit pull.
  • Charges a late fee.
Exchange Bank personal loan FAQ

What interest rates and personal loan terms does Exchange Bank personal loan offer?

What interest rates does Exchange Bank personal loan offer?

Exchange Bank personal loan offers a fixed APR personal loan product that ranges from 9.75% APR up to 19.31% APR.

How much can you borrow via Exchange Bank personal loan?

Loan amounts start at $1,000 and go up to $100,000

What is the maximum personal loan term you can get with Exchange Bank personal loan?

Exchange Bank personal loan offers loans with terms ranging from 12 to 60 months.

Exchange Bank personal loan Interest Rates & Loan Terms
Personal Loan Amount $1000 - $100000
Loan Term 12 - 60 months
APR 9.75% - 19.31%

What fees does Exchange Bank personal loan charge?

Does Exchange Bank personal loan charge an origination fee?

Exchange Bank personal loan may charge a personal loan origination fee of $60

Does Exchange Bank personal loan charge a late fee?

Yes, Exchange Bank personal loan may charge borrowers a late payment fee if you miss one of the monthly payments.

Does Exchange Bank personal loan charge prepayment fees?

No, Exchange Bank personal 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.

Exchange Bank personal loan Fees
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee N/A

What do you need to qualify for Exchange Bank of California Unsecured Personal Loan?

Applicants with a credit score of at least 600 and up to 850 may be eligible for Exchange Bank of California Unsecured Personal Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Exchange Bank of California Unsecured Personal Loan does not have or does not disclose a minimum annual income eligibility requirement. Exchange Bank of California Unsecured Personal Loan only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Exchange Bank of California Unsecured Personal Loan. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Exchange Bank of California Unsecured Personal Loan. Permanent resident / green card holders are also eligible to apply.

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

  • Proof of income
  • Recent bank statements
  • Driver's license
  • Government issued photo ID
  • Proof of identity
Exchange Bank personal loan Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Credit Score 600 - 850

Does Exchange Bank of California Unsecured Personal Loan report your account activity to credit bureaus?

Yes, Exchange Bank of California Unsecured Personal Loan reports your account activity to the following credit reporting agencies:

  • 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 improve your credit.

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Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

No Prepayment Fee
Origination Fee ($) $60
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
Credit Score Range 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Options Automatic Payments
Loan Amount $1,000 - $100,000
APR (Fixed APR) 9.75% - 19.31%
Loan Term 12 - 60 months

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