Gate City Bank Personal Loans
Gate City Bank Personal Loans
in Personal Loans from Gate City Bank

Gate City Bank Personal Loans

in Personal Loans from Gate City Bank
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Gate City Bank Personal Loans Review

Gate City Bank Personal Loans is offered by Gate City Bank, founded in 1923 and based in Fargo, ND. Gate City Bank Personal Loans is available in 2 states across the USA.

Key Takeaways
  • Origination fees of up to 5%. This is average for lenders that charge origination fees. However, plenty of lenders don't charge them. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
Gate loan Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Charges an origination fee of up to 5% of the loan amount.
  • Do not offer pre-approval with soft credit pull.
  • Charges a late fee.
Gate loan FAQ

What interest rates and personal loan terms does Gate loan offer?

Gate loan has lower than average interest rates for lenders reviewed on SuperMoney.

What interest rates does Gate loan offer?

Gate loan offers a personal loan product but they do not disclose their interest rates.

Gate loan Interest Rates & Loan Terms
Personal Loan Amount N/A
Loan Term N/A

What fees does Gate loan charge?

Does Gate loan charge an origination fee?

Gate loan may charge a personal loan origination fee of 0% to 5% of the personal loan amount. Gate loan deducts the origination fee directly from your personal loan amount, so make sure you take this fee into account when deciding how much you need to borrow.

Does Gate loan charge a late fee?

No, Gate loan will not charge you a late fee if you miss one of the monthly payments.

Does Gate loan charge prepayment fees?

No, Gate loan 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.

Gate loan Fees
Origination Fee 0% - 5%
Prepayment Fee No
Late Payment Fee No

What do you need to qualify for Gate City Bank Personal Loans?

Applicants with a credit score of at least 600 and up to 850 VantageScore may be eligible for Gate City Bank Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Gate City Bank Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.

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. APRs for the Gate City Bank Personal Loans product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

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

Gate loan Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
Credit Score 600 - 850 VantageScore

What is the estimated funding time for a personal loan via Gate loan?

Gate loan will typically approve (or deny) a loan application within 24 hours and fund loans within 10 business days of approval.

Does Gate City Bank Personal Loans report your account activity to credit bureaus?

Yes, Gate City Bank Personal Loans reports your account activity to the following credit reporting agencies:

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 Gate loan a legit company?

Gate loan was founded in 1923, it is a well-established company that has been in business for 99 years.

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

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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.


Hours of Operation

  • Sunday Closed
  • Monday 7:00am - 10:00pm
  • Tuesday 7:00am - 10:00pm
  • Wednesday 7:00am - 10:00pm
  • Thursday 7:00am - 10:00pm
  • Friday 7:00am - 10:00pm
  • Saturday 8:30am - 6:00pm

Other Services by Gate City Bank


  Available in 2 states
  • Minnesota
  • North Dakota

Feature Breakdown

No Prepayment Fee
Origination Fee (%) 0% - 5%
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
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
  • Driver License (or other photo ID)
  • Proof of Income
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Credit Score Range 600 - 850
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 6 - 10 days
Payment Options
  • Automatic Payments
  • Bank Transfer

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