Is Gate City Bank Personal Loans the right fit for you?
Last Updated: 04/18/2025
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Gate City Bank Personal Loans Review
Gate City Bank Personal Loans is offered by Gate City Bank, a bank founded in 1923 and based in Fargo, ND. Gate loan are available in 2 states.
Key Takeaways
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- Slow funding. It takes a minimum of 6 business days to access your money once your application is approved.
- Origination fees of 0% to 5%. This is average for lenders that charge origination fees. Don't forget that these fees are deducted from the loan amount, so take them into account when deciding how much money to borrow.
- Cosigner required. Applicants must have a cosigner to complete an application.
Gate loan Pros & Cons
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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 fixed APR personal loan product but they do not disclose their interest rates.
| Personal Loan Amount | N/A |
| Loan Term | N/A |
| APR | 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?
Gate loan does not disclose whether it charges late payment fees.
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.
| 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. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Gate City Bank Personal Loans.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
| Minimum Age | 18 |
| Bank Account Required? | No |
| Application Types Accepted |
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| Credit Score | 600 - 850 VantageScore |
What is the estimated funding time for a personal loan via Gate loan?
Gate loan will typically fund loans within 6 to 10 business days of approval and clearing necessary verifications.
Does Gate City Bank Personal Loans report your account activity to credit bureaus?
Yes, Gate City Bank Personal Loans reports to the following credit bureaus:
- 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 build your credit.
Does Gate City Bank perform a hard credit pull?
Yes, Gate loan performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are Gate City Bank Personal Loans legit?
Gate City Bank was founded in 1923, it is a well-established company that has been in business for 103 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.
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Hours of Operation
SundayClosedMonday7:00AM - 10:00PMTuesday7:00AM - 10:00PMWednesday7:00AM - 10:00PMThursday7:00AM - 10:00PMFriday7:00AM - 10:00PMSaturdayInvalid DateTime - 6:00PM
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