First Bank Personal Loan Review

First Bank Personal Loan is offered by First Bank, a bank founded in 1906 and based in Creve Coeur, MO. First Bank Personal Loan is available in 3 states across the USA.

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• Prequalified rate. You can check your prequalified rate at First Bank 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 Personal Loan early.
• Cosigner applications accepted. Applying for First Bank Personal Loan with a cosigner can improve your chances of approval and help you qualify for lower interest rates.

Pros	Cons
Considers applicants with fair credit. Cosigners accepted.	Charges an origination fee. Charges prepayment fees. Charges a late fee.

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

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

What fees does First Bank Personal Loan charge?

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

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

First Bank Personal Loan does not have or does not disclose a minimum annual income eligibility requirement. First Bank Personal Loan only considers borrowers who are employed. Note that borrowers can add a cosigner 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 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 Personal Loan. Permanent resident / green card holders are also eligible to apply.

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

• Proof of income
• Driver's license
• Government issued photo ID
• Proof of identity

First Bank Personal Loan Eligibility Criteria

Minimum Age	18
Bank Account Required?	No
Application Types Accepted	Cosigners
Credit Score	600 - 840

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

Yes, First Bank 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.