Determine how much money you need. Know your credit score.
Calculate your estimated monthly payment.
Quickly get the money you want. We'll guide you through the process.
With secured loans, the bank places a lien on some sort of property that belongs to the borrower (car, motorcycle, certificate of deposit, etc.) so in the event that we do not get repaid for the loan, the bank has the right to sell that property and try to recover its losses.
Unsecured loans are given based only on a borrower's promise to repay.
Because unsecured loans do not have any collateral for the bank to hold as security, they are more risky for the bank. As a result, the interest rate on an unsecured loan is higher than if it were a secured loan, and the underwriting standards are stricter.
We try to offer flexible financing terms to help people even if they have some credit issues. However, there are still times when we have to deny a loan.
If we can't help you today, our lenders will counsel you on things you can do to improve your credit so you can come back again and apply successfully in the future.
First Bank never charges just for applying.
A personal loan will have $150 in total prepaid finance charges (a $50 origination fee and a $100 processing fee). The finance charges are only charged once, when your loan has been finalized. Fees can be financed into the balance of your personal loan which means if you take out a $2000 loan, you receive $1850 from First Bank.