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  First Bank and Trust of Texas Buy Local Loan

First Bank and Trust of Texas Buy Local Loan

in Personal Loans from Heartland Financial USA Inc

Unaffiliated

First Bank and Trust of Texas Buy Local Loan

Unaffiliated

in Personal Loans from Heartland Financial USA Inc

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Highlights
APR  (Fixed APR) N/A
Loan Amount $1,000 - $5,000
Loan Term (Months) Starting at 1 month

First Bank and Trust of Texas Buy Local Loan Review

First Bank and Trust of Texas Buy Local Loan is offered by Heartland Financial USA Inc, a nonbank financial services provider founded in 1981 and based in Dubuque, IA. First Bank and Trust of Texas Buy Local Loan is available in 1 state across the USA.

Key Takeaways
    .
  • Prequalifed rate. You can check your prequalified rate at Heartland Financial USA Inc 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 Texas Buy Local Loan early.
  • No origination fee. First Bank and Trust of Texas Buy Local Loan does not charge a loan origination fee.
  • 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 Texas Buy Local Loan.
  • Short loan terms. First Bank and Trust of Texas Buy Local Loan offers loan terms as short as 1 month. Most personal loans have a minimum term of 12 to 36 months.
First Bank and Trust of Texas Buy Local Loan Pros & Cons
Pros Cons
  • $0 origination fee.
  • Considers applicants with fair credit.
  • Funding available within 3 business days.
  • Accepts cosigners and coborrowers.
  • Charges prepayment fees.
  • Charges a late fee of $35
First Bank and Trust of Texas Buy Local Loan FAQ

What rates and terms does First Bank and Trust of Texas Buy Local Loan offer?

First Bank and Trust of Texas Buy Local Loan has lower interest rates than the average for lenders reviewed on SuperMoney.

What APR rate does First Bank and Trust of Texas Buy Local Loan offer?

First Bank and Trust of Texas Buy Local Loan offers a fixed APR personal loan product but they do not disclose their rates.

How much can you borrow via First Bank and Trust of Texas Buy Local Loan?

Loan amounts start at $1,000 and go up to $5,000

First Bank and Trust of Texas Buy Local Loan Rates & Terms
Loan Amount $1000 - $5000
Loan Term Starting at 1 months
APR N/A

What fees does First Bank and Trust of Texas Buy Local Loan charge?

Does First Bank and Trust of Texas Buy Local Loan charge an origination fee?

First Bank and Trust of Texas Buy Local Loan does not charge a loan origination fee.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does First Bank and Trust of Texas Buy Local Loan charge a late fee?

Yes, First Bank and Trust of Texas Buy Local Loan may charge borrowers a late payment fee of up to $35.

Does First Bank and Trust of Texas Buy Local Loan charge prepayment fees?

Yes, First Bank and Trust of Texas Buy Local 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 of Texas Buy Local Loan Fees
Origination Fee 0%
Prepayment Fee? Yes
Late Payment Fee $35

What do you need to qualify for First Bank and Trust of Texas Buy Local Loan?

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

First Bank and Trust of Texas Buy Local Loan does not have or does not disclose a minimum annual income eligibility requirement. First Bank and Trust of Texas Buy Local 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 Texas Buy Local 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 Texas Buy Local 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
  • Proof of income
  • Driver's license
  • Government issued photo ID
  • Proof of identity
First Bank and Trust of Texas Buy Local Loan Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Co-borrowers
  • Cosigners
  • Credit Score 600 - 840

    What is the estimated funding time for a personal loan via First Bank and Trust of Texas Buy Local Loan?

    First Bank and Trust of Texas Buy Local Loan will typically approve (or deny) a loan application within 48 hours and fund personal loans within 3 business days of approval.

    Does First Bank and Trust of Texas Buy Local Loan report your account activity to credit bureaus?

    Yes, First Bank and Trust of Texas Buy Local 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.

    Availability

      Available in 1 state
    Texas
    Availabile in all of Texas

    Feature Breakdown

    No Origination Fee
    Origination Fee ($) $0
    Origination Fee (%) 0%
    Late Fee Amount $35
    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)
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    • Tax Returns
    Verification Documents Required
    • Proof of Income
    • Proof of Identity
    • Government Issued Photo ID
    • Social Security Number
    • Driver License (or other photo ID)
    Credit Score Range 600 - 840
    Approval Speed 48 hours
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Funding Time Range 2 - 3 days
    Payment Options
    • Automatic Payments
    • Check by mail
    • Storefront
    • Bank Transfer
    • Cash
    Pre-Approved Soft Credit Inquiry
    Loan Amount $1,000 - $5,000
    Loan Term Starting at 1 month

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