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  First Bank and Trust of New Orleans Personal Loan
First Bank and Trust of New Orleans Personal Loan
in Personal Loans from First Bank and Trust of New Orleans
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First Bank and Trust of New Orleans Personal Loan

Unaffiliated
in Personal Loans from First Bank and Trust of New Orleans
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Highlights
APR  (Fixed APR) N/A
Loan Amount N/A
Loan Term (Months) N/A

First Bank and Trust of New Orleans Personal Loan Review

First Bank and Trust of New Orleans Personal Loan is offered by First Bank and Trust of New Orleans, a bank founded in 1991 and based in New Orleans, LA. First Bank and Trust of New Orleans Personal Loan is available in 3 states across the USA.

Key Takeaways

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  • Prequalified rate. You can check your prequalified rate at First Bank and Trust of New Orleans 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 of New Orleans 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 of New Orleans Personal Loan.

First Bank and Trust 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 of $35

First Bank and Trust personal loan FAQ

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

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

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

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

First Bank and Trust personal loan Interest Rates & Loan Terms
Personal Loan Amount N/A
Loan Term N/A
APR N/A

What fees does First Bank and Trust personal loan charge?

Does First Bank and Trust personal loan charge an origination fee?

First Bank and Trust personal loan may charge a personal loan origination fee.

Does First Bank and Trust personal loan charge a late fee?

Yes, First Bank and Trust personal loan may charge borrowers a late payment fee if you miss one of the monthly payments of up to $35.

Does First Bank and Trust personal loan charge prepayment fees?

No, First Bank and Trust 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.

First Bank and Trust personal loan Fees
Origination Fee No
Prepayment Fee N/A
Late Payment Fee $35

What do you need to qualify for First Bank and Trust of New Orleans Personal Loan?

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

First Bank and Trust of New Orleans Personal Loan does not have or does not disclose a minimum annual income eligibility requirement. First Bank and Trust of New Orleans 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 of New Orleans 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 of New Orleans Personal Loan. Permanent resident / green card holders are also eligible to apply.

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

  • Recent pay stubs
  • Proof of income
  • Recent bank statements
  • Driver's license
  • Government issued photo ID
  • Proof of identity
First Bank and Trust personal loan Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Co-borrowers
  • Cosigners
  • Credit Score 600 - 840

    Does First Bank and Trust of New Orleans Personal Loan report your account activity to credit bureaus?

    Yes, First Bank and Trust of New Orleans 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 and Trust of New Orleans a legit company?

    First Bank and Trust of New Orleans was founded in 1991, it is a well-established company that has been in business for 31 years.

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

    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.

    Availability

      Available in 3 states
    • Florida
    • Louisiana
    • Mississippi

    Feature Breakdown

    Late Fee Amount $35
    Cosigner Optional
    Employment Statuses Considered
    • Other
    • Employed Full-Time
    • Employed Part-Time
    • Self-Employed
    • Retired
    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
    • Driver License (or other photo ID)
    • Recent Pay Stubs
    • Proof of Income
    • Proof of Identity
    • Government Issued Photo ID
    • Recent Bank Statements
    • Social Security Number
    Credit Score Range 600 - 840
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Payment Options
    • Automatic Payments
    • Check by mail
    • Storefront
    • Cash
    • Bank Transfer
    Pre-Qualified Soft Credit Inquiry
    APR Type Fixed APR

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