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  First Horizon Bank Personal Installment Loans

First Horizon Bank Personal Installment Loans

in Personal Loans from First Horizon Bank

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First Horizon Bank Personal Installment Loans

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in Personal Loans from First Horizon Bank

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Highlights
APR  (Fee or Charge Based Product) N/A
Loan Amount N/A
Loan Term (Months) N/A

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.

Key Takeaways
  • 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.
First Tennessee personal loans Pros & Cons
Pros Cons
  • Charges an origination fee.
  • Do not offer pre-approval with soft credit pull.
  • Charges prepayment fees.
  • Charges a late fee.
First Tennessee personal loans FAQ

What interest rates and personal loan terms does First Tennessee personal loans offer?

First Tennessee personal loans has lower interest rates than the average for lenders reviewed on SuperMoney.

What interest rates does First Tennessee personal loans offer?

First Tennessee personal loans offers a fee-based personal loan product but they do not disclose their interest rates.

First Tennessee personal loans Interest Rates & Loan Terms
Personal Loan Amount N/A
Loan Term N/A
APR N/A

What fees does First Tennessee personal loans charge?

Does First Tennessee personal loans charge an origination fee?

First Tennessee personal loans may charge a personal loan origination fee.

Does First Tennessee personal loans charge a late fee?

Yes, First Tennessee personal loans may charge borrowers a late payment fee if you miss one of the monthly payments.

Does First Tennessee personal loans charge prepayment fees?

Yes, First Tennessee personal loans 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.

First Tennessee personal loans Fees
Origination Fee N/A
Prepayment Fee? Yes
Late Payment Fee N/A

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 Tennessee personal 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.

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 6 states
  • Florida
  • North Carolina
  • South Carolina
  • Tennessee
  • Texas
  • Virginia

Feature Breakdown

Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Minimum Age 18
Supported Income Types
  • Payroll Check or Prepaid Card
Verification Documents Required
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Options Automatic Payments

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