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 City Bank Personal Loans is available in 2 states across the USA.

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• Hard credit pull required. You can't check your rates or see if you prequalify for Gate City 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.
• 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.
• Cosigner applications accepted. Applying for Gate City Bank Personal Loans with a cosigner can improve your chances of approval and help you qualify for lower interest rates.

Pros	Cons
$0 prepayment fee. Considers applicants with fair credit. Cosigners accepted.	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.

What rates and terms does Gate City Bank Personal Loans offer?

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

What fees does Gate City Bank Personal Loans charge?

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 FICO 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. Gate City 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 Gate City 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 Gate City 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

Gate City Bank Personal Loans Eligibility Criteria

Minimum Age	18
Bank Account Required?	No
Application Types Accepted	Cosigners
Credit Score	600 - 850 FICO

What is the estimated funding time for a personal loan via Gate City Bank Personal Loans?

Gate City Bank Personal Loans will typically approve (or deny) a loan application within 24 hours and fund personal 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:

• 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.