First Bank and Trust Personal Loan
in Personal Loans from First Bank and TrustUnaffiliated
|APR (Fixed APR)||N/A|
|Loan Term (Months)||N/A|
First Bank and Trust Personal Loan Review
First Bank and Trust Personal Loan is offered by First Bank and Trust, a bank founded in 1925 and based in Brookings, SD. First Bank and Trust Personal Loan is available in 2 states across the USA.
- Prequalified rate. You can check your prequalified rate at First Bank and Trust 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 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 Personal Loan.
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 interest rates does First Bank personal loan offer?
First Bank personal loan offers a fixed APR personal loan product but they do not disclose their interest rates.
|Personal Loan Amount||N/A|
What fees does First Bank personal loan charge?
Does First Bank personal loan charge an origination fee?
First Bank personal loan may charge a personal loan origination fee.
Does First Bank personal loan charge a late fee?
Yes, First Bank personal loan may charge borrowers a late payment fee if you miss one of the monthly payments.
Does First Bank personal loan charge prepayment fees?
Yes, First Bank 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 personal loan early.
|Late Payment Fee||No|
What do you need to qualify for First Bank and Trust Personal Loan?Applicants with a credit score of at least 600 and up to 840 may be eligible for First Bank and Trust Personal Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
First Bank and Trust Personal Loan does not have or does not disclose a minimum annual income eligibility requirement. First Bank and Trust 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 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 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
|Bank Account Required?||No|
|Application Types Accepted||
|Credit Score||600 - 840|
Does First Bank and Trust Personal Loan report your account activity to credit bureaus?
Yes, First Bank and Trust Personal Loan reports your account activity to the following credit reporting agencies:
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.
Other Services by First Bank and Trust
- South Dakota
|Employment Statuses Considered||
|Immigration Status Considered||
|Joint Loan Applications Accepted||
|Supported Income Types||
|Verification Documents Required||
|Credit Score Range||600 - 840|
|Credit Bureau Reporting||
|Pre-Approved Soft Credit Inquiry|