Personal Loans

Personal Loan Options Bank of Frankewing Tennessee Alabama


Buying something off marketplace? Need a vehicle? Have several credit cards? Want to improve your Credit Score?

 Personal Loans can be used for different needs so reach out to us with any questions. 



Fill Out this Form to talk with a Loan Advisor.

 


Looking to buy a new or used car? The Bank of Frankewing can help with both. We offer financing for up to 72-months on new purchases and financing for up to 60-months on used purchases. Your vehicle's age and value will be used to determine the term of the loan. Use our payment calculator to estimate what will fit in your budget.
Hit the road, trail or lake with a recreational loan from the Bank of Frankewing. We offer financing for boats, all-terrain vehicles and recreational vehicles. Like auto loans, terms are based on the age and value of your collateral.
Whether your looking for a way to fund a major purchase, consolidate your credit card debt, or cover an unexpected medical expense, the Bank of Frankewing can assist with a personal loan. Use our Debt Consolidation Calculator to see how you may benefit by consolidating your existing debt into one, fixed rate loan.

Fill out this form to talk one-on-one with a loan officer. We are here to have a conversation about the best options for your individual needs.
 

Whether you’re building or rebuilding your credit, you could consider a credit building loan. With a credit-builder loan, you make fixed payments and then get access to the loan amount at the end of the loan term—instead of borrowing upfront and paying it back over time.  Customers who would not normally qualify for a loan, may be approved for this loan. This is also a great loan for someone 19 or older in AL (18 in TN) who is looking to establish credit

Key takeaways

  • Our Credit Builder Personal Loan may help build or repair your credit.
  • A credit-builder loan gives you an opportunity to show that you can make consistent, on-time payments. 
  • Because payment history is an important factor in calculating credit scores, credit-builder loans can be used to build credit.
  • Good credit scores aren’t required to open a credit-builder loan. But there are other considerations. 
  • This loan is a collateral loan secured by the proceeds of the loan with the purpose being to try to build new credit or to try to repair an existing credit history.
  • A credit history is not required to be approved for this loan, however a credit report is obtained.
  • Minimum loan amount: $250 / Maximum loan amount: $3,000
  • Minimum term: One (1) Year / Maximum term: Three (3) Years
  • If the loan is 30 days late, it will be reported as such to the credit bureau and it could negatively impact your credit history and credit score.
  • Income must be documented on the application.






All loans are subject to credit approval. See a loan officer for details.