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First Tech Personal Loans Claimed

First Tech Personal Loans

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Highlights
APR  (Fixed APR) Starting at 7.99%
(Verified 11/24/2022)
Loan Amount $500 - $50,000
Loan Term (Months) 24 - 84 months

First Tech Personal Loans Review

First Tech Personal Loans is offered by First Tech, a credit union founded in 2012 and based in Cupertino, CA. First Tech Personal Loans are available in 50 states (and Washington, DC).

Key Takeaways

  • APRs starting at 7.99%. These are typical starting rates for personal loans.
  • Large loan amounts. You can apply for loan amounts of up to $50,000 with First Tech Personal Loans.
  • No origination fee. First Tech Personal Loans does not charge a loan origination fee.
  • Super long loan terms. First Tech Personal Loans offers loan terms of up to 84 months. Most personal loans have a maximum term of 60 months.

First Tech Personal Loans Pros & Cons

Pros Cons
  • $0 prepayment fee.
  • Loan options with $0 origination fee.
  • Do not offer pre-approval with soft credit pull.
  • Charges a late fee.

First Tech Personal Loans FAQ

What interest rates and personal loan terms does First Tech Personal Loans offer?

First Tech Personal Loans has lower than average interest rates for lenders reviewed on SuperMoney.

What interest rates does First Tech Personal Loans offer?

First Tech Personal Loans offers a fixed APR personal loan product that starts at 7.99% APR.

How much can you borrow via First Tech Personal Loans?

Personal loan amounts start at $500 and go up to $50,000.

What is the maximum loan term you can get with First Tech Personal Loans?

First Tech Personal Loans offers loans with terms of up to 84 months.

First Tech Personal Loans Interest Rates & Loan Terms
Personal Loan Amount $500 - $50000
Loan Term 24 - 84 months
APR Starting at 7.99%

What fees does First Tech Personal Loans charge?

Does First Tech Personal Loans charge an origination fee?

First Tech Personal Loans does not charge a personal loan origination fee.

A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does First Tech Personal Loans charge a late fee?

No, First Tech Personal Loans will not charge you a late fee if you miss one of the monthly payments.

Does First Tech Personal Loans charge prepayment fees?

No, First Tech Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.

First Tech Personal Loans Fees
Origination Fee No
Prepayment Fee No
Late Payment Fee No

What do you need to qualify for First Tech Personal Loans?

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

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 Tech Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by First Tech Personal Loans.

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

  • Applicants must have an active and valid personal checking account
  • Driver's license
  • Proof of residence
First Tech Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
  • Credit Score N/A

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

    Yes, First Tech 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.

    Is First Technology Federal Credit Union a legit company?

    First Technology Federal Credit Union was founded in 2012, it is a well-established company that has been in business for 11 years.

    Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

    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 50 states and Washington, D.C.
    • Alaska
    • Alabama
    • Arkansas
    • Arizona
    • California
    • Colorado
    • Connecticut
    • Washington, DC
    • Delaware
    • Florida
    • Georgia
    • Hawaii
    • Iowa
    • Idaho
    • Illinois
    • Indiana
    • Kansas
    • Kentucky
    • Louisiana
    • Massachusetts
    • Maryland
    • Maine
    • Michigan
    • Minnesota
    • Missouri
    • Mississippi
    • Montana
    • North Carolina
    • North Dakota
    • Nebraska
    • New Hampshire
    • New Jersey
    • New Mexico
    • Nevada
    • New York
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Virginia
    • Vermont
    • Washington
    • Wisconsin
    • West Virginia
    • Wyoming

    Feature Breakdown

    No Origination Fee
    No Prepayment Fee
    Origination Fee ($) $0
    Checking Account Required
    Employment Statuses Considered
    • Other
    • Employed Full-Time
    • Employed Part-Time
    • Self-Employed
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Individual Applications
    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
    Verification Documents Required
    • Driver License (or other photo ID)
    • Proof of Residence
    • Social Security Number
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Payment Options
    • Automatic Payments
    • Check by mail
    • Cash
    • Bank Transfer
    APR Type Fixed APR
    Loan Amount $500 - $50,000
    APR (Fixed APR) Starting at 7.99%
    (Verified 11/24/2022)
    Loan Term 24 - 84 months

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