First Bank and Trust Company Personal Loan

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

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• Prequalified 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 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 personal loan FAQ

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

First Bank personal loan has lower than average interest rates for lenders reviewed on SuperMoney.

What fees does First Bank personal loan charge?

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 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.

Is First Bank & Trust Company a legit company?

First Bank & Trust Company was founded in 1979, it is a well-established company that has been in business for 43 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.