First Horizon Bank Personal Installment Loans Review

First Horizon Bank Personal Installment Loans is offered by First Horizon Bank, a bank founded in 1864 and based in Memphis, TN. First Horizon Bank Personal Installment Loans is available in 6 states across the USA.

• Fee-based product. Unlike most personal loans, which typically charge a simple daily interest rate, First Horizon Bank Personal Installment Loans does not have a periodic interest rate. Instead, it charges a fixed-fee.
• Hard credit pull required. You can't check your rates or see if you prequalify for First Horizon Bank Personal Installment Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
• 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 Horizon Bank Personal Installment Loans early.

Pros	Cons
	Charges an origination fee. Do not offer pre-approval with soft credit pull. Charges prepayment fees. Charges a late fee.

What interest rates and personal loan terms does First Horizon Bank Personal Installment Loans offer?

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

What fees does First Horizon Bank Personal Installment Loans charge?

What do you need to qualify for First Horizon Bank Personal Installment Loans?

First Horizon Bank Personal Installment Loans does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

First Horizon Bank Personal Installment Loans does not have or does not disclose a minimum annual income eligibility requirement. First Horizon Bank Personal Installment Loans only considers borrowers who are employed.

U.S. citizens are, of course, eligible for the services offered by First Horizon Bank Personal Installment Loans. Permanent resident / green card holders are also eligible to apply.

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

• Driver's license
• Government issued photo ID
• Proof of identity
• Proof of citizenship or residence permit

First Horizon Bank Personal Installment Loans Eligibility Criteria

Minimum Age	18
Bank Account Required?	No
Credit Score	N/A

Does First Horizon Bank Personal Installment Loans report your account activity to credit bureaus?

Yes, First Horizon Bank Personal Installment Loans 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.