First Security Bank Personal Loans Review

First Security Bank Personal Loans is offered by First Security Bank, a bank founded in 1932 and based in Searcy, AR. First Security Bank Personal Loans is available in 1 state across the USA.

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• Hard credit pull required. You can't check your rates or see if you prequalify for First Security Bank Personal 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 Security Bank Personal Loans early.
• Cosigner applications accepted. Applying for First Security Bank Personal Loans 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. Do not offer pre-approval with soft credit pull. Charges prepayment fees. Charges a late fee.

What rates and terms does First Security Bank Personal Loans offer?

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

What fees does First Security Bank Personal Loans charge?

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

Applicants with a credit score of at least 650 and up to 840 may be eligible for First Security Bank Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

First Security Bank Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. First Security Bank Personal Loans 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 Security Bank Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by First Security Bank Personal Loans. 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 Security Bank Personal Loans Eligibility Criteria

Minimum Age	18
Bank Account Required?	No
Application Types Accepted	Cosigners
Credit Score	650 - 840

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

Yes, First Security Bank Personal 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.