More rewards and better benefits
We offer loans from $1,500 up to $50,000. We offer a discount2 of the approved interest rate when you open a deposit account and enroll in Direct Payment. This way, you can benefit from these convenient payment plans:
If you're already our client, you can obtain your personal loan by using a Savings Account or a Certificate of Deposit as collateral.
The loan term will be a minimum of 12 months, and up to a maximum term of 84 months. The APR will be fixed throughout the life of the loan. For example, if the loan begins with a 7.99% APR, it will continue at this rate throughout the term, as applicable. The same would apply if the APR were 24.49%.
+ Certain restrictions apply, other interest rate, terms and conditions may apply when calculating the total sum of the payments.
Certain restrictions apply. Subject to credit approval. The interest rate and APR are determined based on credit score and other terms established by FirstBank. Loans of up to $50,000. Valid until December 31, 2022. This offer does not apply to collateral loans. The payment examples depicted include discounts and apply to people with excellent credit scores that open a new checking account with FirstBank and enroll in the direct payment service. 1Applies to applications received and approved before 1:00 PM on the same day of the call and after the documents required by the bank are submitted. 2You may receive a discount of .50% APR off the approved interest rate after applying for the loan if you open a new checking account with FirstBank and enroll in the direct payment service. Loan approval is not conditional to opening a deposit account. 3Offer for personal loan of $3,000 with a repayment term of 60 months at 7.49% APR with monthly payments of $60.10, without loan protection insurance. Personal loan offer of $8,000 with a repayment term of 84 months at 7.99% APR with monthly payments of $124.65, without loan protection insurance. Personal loan offer of $15,000 with a repayment terms of 84 months at 7.99% APR with monthly payments of $233.72, without loan protection insurance. The regular rate for a $3,000 loan to 60 months, for people who have excellent credit and do not enroll in any services, is a 7.99% APR with monthly payments of $60.81, without loan protection insurance. The regular rate for a $8,000 loan to 84 months, for people who have excellent credit and do not enroll in any services, is 8.49% APR with monthly payments of $126.65, without loan protection insurance. The regular rate for a $15,000 loan to 84 months, for people who have excellent credit and do not enroll in any services, is 8.49% APR with monthly payments of $237.47, without loan protection insurance. Other interest rates and APR may apply if you do not qualify, since they are based on your credit score and other terms established by the bank. Base rate from 7.49% to 19.74% APR, minimum rate 7.49% APR, with discount applied. The APR is determined based on your risk score and credit report. 4Insurance products are not bank deposits, are not insured by the FDIC nor any federal government agency, are not guaranteed by First Bank, and may diminish in value. Acquiring this insurance is optional and not a condition for credit approval. Credit approval will not be conditioned to the purchase of an insurance or annuity from the Institution or one of its affiliates nor to your agreement to refrain, or our prohibition, from obtaining insurance products or annuities from non-affiliated institutions. We will not reject your selected insurance if it meets our requirements and standards regarding coverage, financial soundness, and insurer-provided services. 5A maximum of up to 90% of the funds available in the savings account or certificate of deposit is granted; while the loan is active, the funds in the savings account or certificate of deposit will not be available for withdrawal. The term of the loan shall not exceed the term of the certificate until the loan has been repaid in full. For more information, call 787-282-1108. Equal Housing Lender.
