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, a 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.
  • 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.

Gate loan Pros & Cons

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.

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.

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 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 loan 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 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:

    • 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 Gate City Bank a legit company?

    Gate City Bank 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.

    SuperMoney Disclosure: 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.


    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
    APR Type Fixed APR

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