Gate City Bank Personal Loans

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.

• 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.

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.

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 fees does Gate loan 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 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.