First Financial Personal Loan Full Review
When it comes to personal loans in the United States, First Financial has emerged as one of the country's most popular and advantageous options.
First Financial is offering a personal loan of up to $250,000 with flexible repayment terms and competitive interest rates! Ideal to fund the large steps you always wanted to make.
Thinking about the best options for you, First Financial is now offering both short-term and long-term loan options.
Interested in exploring your options? Discover all the essential details about First Financial’s personal loan, including terms, fees, loan amounts, advantages, and much more.
Who is First Financial Bank
With a history spanning over 150 years, First Financial Bank originated as a small bank in Hamilton, Ohio.
Presently, the bank operates more than 135 banking centers across multiple states, including Ohio, Kentucky, Indiana, and Illinois.
First Financial offers a wide range of business and personal products, including savings accounts, checking accounts, money market accounts, certificates of deposit, insurance, credit cards, and loans.
How First Financial’s Personal Loan Works?
Designed to cater to various needs, First Financial’s personal loans are highly flexible, allowing you to utilize the funds for a wide range of purposes.
Whether you want to pay off debts, plan a vacation or a wedding, or further your education, the funds from this personal loan can be used accordingly.
First Financial offers both short-term and long-term loan options, and these loans are unsecured, meaning you don’t need to provide collateral to secure your loan installments.
f1RST Balance Boost
Tailored for customers who require less than $1,000, the f1RST Balance Boost is a short-term loan suitable for those who can repay it within three months.
This loan is ideal for covering unexpected expenses or emergencies. You can borrow any amount between $200 and $1,000, and if you are an existing First Financial client, the funds can be deposited into your account within five minutes of your application.
Repayment is divided into three equal monthly payments, with a 4% loan fee added to the total borrowed amount. For instance, if you borrow $200, you would need to repay a total of $208 over three monthly installments.
f1RST Quick Loan
Designed for customers requiring more substantial funding over a longer repayment period, the f1RST Quick Loan is suitable for purposes such as home improvements, handling major unexpected expenses, consolidating high debts, or funding a large vacation.
You can borrow any amount between $2,000 and $200,000 without the need for collateral, with repayment terms ranging from six to 60 months.
The interest rate for this loan can be as low as 10.04% APR, with the highest rate capping at 15.04% APR.
The best part is that during the initial six months of the f1RST Quick Loan, you only need to pay the interest accruing on the loan’s balance, at a rate of just 3.99%!
Key Benefits
In addition to the high loan amounts, flexible repayment terms, and relatively low rates for an unsecured personal loan, First Financial’s personal loans offer customers a range of significant benefits.
The application process is fast, with decisions made within minutes. This allows for lower initial installments on long-term loans, making it easier to fit into your budget.
First Financial also does not charge application fees, processing fees, or prepayment penalties, enabling you to save even more over the loan’s duration.
Other benefits include:
- No collateral required
- Short-term and long-term loan options
- No prepayment penalties
- Interest-only payments for the first six months
Furthermore, clients with a First Financial Bank checking account may be eligible for rate discounts if they consistently make their monthly installments on time.
Potential Disadvantages
While First Financial’s personal loans offer numerous benefits, it is important to be aware of potential drawbacks.
One significant drawback is the minimum credit score requirement of 660 for all personal loan applications. Additionally, customers who miss payments will be subject to late fees and additional charges based on the overdue amount.
Failure to make multiple payments can result in more severe consequences, such as damage to your credit score or potential legal action from the bank.
How to Apply?
To apply for a First Financial Personal Loan, simply click the green button below to access the step-by-step guide, including all the necessary requirements.
