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  First Security Bank Personal Loans

First Security Bank Personal Loans

in Personal Loans from First Security Bank

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First Security Bank Personal Loans

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in Personal Loans from First Security Bank

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Highlights
APR  (Fixed APR) N/A
Loan Amount N/A
Loan Term (Months) N/A

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.

Key Takeaways
    .
  • 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.
First Security Bank Personal Loans Pros & Cons
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.
First Security Bank Personal Loans FAQ

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 APR rate does First Security Bank Personal Loans offer?

First Security Bank Personal Loans offers a fixed APR personal loan product but they do not disclose their rates.

First Security Bank Personal Loans Rates & Terms
Loan Amount N/A
Loan Term N/A
APR N/A

What fees does First Security Bank Personal Loans charge?

Does First Security Bank Personal Loans charge an origination fee?

First Security Bank Personal Loans may charge a loan origination fee.

Does First Security Bank Personal Loans charge a late fee?

Yes, First Security Bank Personal Loans may charge borrowers a late payment fee.

Does First Security Bank Personal Loans charge prepayment fees?

Yes, First Security Bank 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 loan early.

First Security Bank Personal Loans Fees
Origination Fee N/A
Prepayment Fee? Yes
Late Payment Fee N/A

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.

    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 1 state
    Arkansas
    Availabile in all of Arkansas

    Feature Breakdown

    Cosigner Optional
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Cosigner
    Military Status
    • Active Duty Military
    • Non-Military
    • Veterans
    • Military Dependent
    Minimum Age 18
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Cash
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    • Tax Returns
    Verification Documents Required
    • Proof of Income
    • Proof of Identity
    • Government Issued Photo ID
    • Social Security Number
    • Driver License (or other photo ID)
    Credit Score Range 650 - 840
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Payment Options
    • Automatic Payments
    • Check by mail
    • Storefront
    • Bank Transfer
    • Cash

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