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  First Bank and Trust Company Personal Loan

First Bank and Trust Company Personal Loan

in Personal Loans from First Bank & Trust Company

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First Bank and Trust Company Personal Loan

Unaffiliated

in Personal Loans from First Bank & Trust Company

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Highlights
APR  (Fixed APR) N/A
Loan Amount N/A
Loan Term (Months) N/A

First Bank and Trust Company Personal Loan Review

First Bank and Trust Company Personal Loan is offered by First Bank & Trust Company, a bank founded in 1979 and based in Abingdon, VA. First Bank and Trust Company Personal Loan is available in 2 states across the USA.

Key Takeaways
    .
  • Prequalifed rate. You can check your prequalified rate at First Bank & Trust Company with a soft pull that will not affect your credit score.
  • Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your First Bank and Trust Company Personal Loan early.
  • Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for First Bank and Trust Company Personal Loan.
First Bank and Trust Company Personal Loan Pros & Cons
Pros Cons
  • Considers applicants with fair credit.
  • Accepts cosigners and coborrowers.
  • Charges an origination fee.
  • Charges prepayment fees.
  • Charges a late fee.
First Bank and Trust Company Personal Loan FAQ

What rates and terms does First Bank and Trust Company Personal Loan offer?

First Bank and Trust Company Personal Loan has lower interest rates than the average for lenders reviewed on SuperMoney.

What APR rate does First Bank and Trust Company Personal Loan offer?

First Bank and Trust Company Personal Loan offers a fixed APR personal loan product but they do not disclose their rates.

First Bank and Trust Company Personal Loan Rates & Terms
Loan Amount N/A
Loan Term N/A
APR N/A

What fees does First Bank and Trust Company Personal Loan charge?

Does First Bank and Trust Company Personal Loan charge an origination fee?

First Bank and Trust Company Personal Loan may charge a loan origination fee.

Does First Bank and Trust Company Personal Loan charge a late fee?

Yes, First Bank and Trust Company Personal Loan may charge borrowers a late payment fee.

Does First Bank and Trust Company Personal Loan charge prepayment fees?

Yes, First Bank and Trust Company Personal Loan may charge additional fees to borrowers who pay off their loans sooner 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.

First Bank and Trust Company Personal Loan Fees
Origination Fee N/A
Prepayment Fee? Yes
Late Payment Fee N/A

What do you need to qualify for First Bank and Trust Company Personal Loan?

Applicants with a credit score of at least 600 and up to 840 may be eligible for First Bank and Trust Company Personal Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

First Bank and Trust Company Personal Loan does not have or does not disclose a minimum annual income eligibility requirement. First Bank and Trust Company Personal Loan only considers borrowers who are employed. Note that borrowers can add a cosigner or a co-borrower to either meet eligibility requirements or qualify for lower interest rates.

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 First Bank and Trust Company 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 First Bank and Trust Company Personal Loan. Permanent resident / green card holders are also eligible to apply.

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

  • Applicants must have an active and valid personal checking account
  • Recent pay stubs
  • Proof of income
  • Recent bank statements
  • Driver's license
  • Government issued photo ID
  • Proof of identity
First Bank and Trust Company Personal Loan Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Co-borrowers
  • Cosigners
  • Credit Score 600 - 840

    Does First Bank and Trust Company Personal Loan report your account activity to credit bureaus?

    Yes, First Bank and Trust Company 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.

    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.

    Contact

    • Headquarters
    •   711 West Main Street
      Abingdon, VA 24210
    •   Visit Site

    Hours of Operation

    • Sunday Closed
    • Monday 8:30am - 5:00pm
    • Tuesday 8:30am - 5:00pm
    • Wednesday 8:30am - 5:00pm
    • Thursday 8:30am - 5:00pm
    • Friday 8:30am - 6:00pm
    • Saturday 8:30am - 1:00pm

    Other Services by First Bank & Trust Company

    Availability

      Available in 2 states
    • Tennessee
    • Virginia

    Feature Breakdown

    Checking Account Required
    Cosigner Optional
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Co-borrower
    • Cosigner
    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
    • Tax Returns
    Verification Documents Required
    • Recent Pay Stubs
    • 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 - 840
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Payment Options
    • Automatic Payments
    • Check by mail
    • Storefront
    • Bank Transfer
    • Apple Pay
    • Cash
    Pre-Approved Soft Credit Inquiry

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    SUPERMONEY NET RECOMMENDATION SCORE

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    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.

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