First National Bank Personal Loan Full Review
If you're seeking an easily approved loan with low interest and flexible repayment terms, First National Bank has the perfect option for you.
Whether you need funds to cover unexpected expenses, medical bills, debt consolidation, or to turn your dreams into reality, a personal loan from FNB can meet your needs.
FNB offers a range of personal financing options, including credit lines and loans of up to $250,000, with flexible repayment terms.
Below, you will get in touch with all of First National Bank’s rates, advantages, exclusive benefits, amounts, and much more.
Who is First National Bank?
FNB, also known as First National Bank, is a financial corporation headquartered in Pittsburgh, Pennsylvania, with a history spanning almost 150 years.
With assets of nearly $44 billion, FNB ranks among the top 250 banks in the United States by asset size.
Over the years, FNB has expanded its market presence and currently operates several branches across Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Virginia, and the District of Columbia.
FNB offers a diverse range of business and personal products, including savings accounts, checking accounts, money market accounts, certificates of deposit, insurance, and loans.
How do First National Bank’s personal loans work?
Currently, First National is providing both secured and unsecured loans for their customers, which means you don’t necessarily need to have a collateral asset in order to get your loan approved.
Both loans’ funds can be used to purchase several porpoises, meeting all of your needs. Since a long-dreamt vacation, medical emergencies, debt consolidation, home refurbishing, or even with your education.
Within First National’s unsecured loans, customers can borrow anywhere from $2,500 to $25,000 with a really competitive interest rate.
With an interest rate starting at 6.75%, First National’s unsecured loans allow you to choose a repayment term of up to six years with a fixed monthly installment.
Within First National’s secured loans, you can borrow up to $250,000 while using your FNB Savings Account or Certificate of Deposit as collateral for the loan.
When it comes to interest, the rates start at 5.16% APR with repayment terms anywhere between one and six years.
Besides their high amounts and fairly high interest rates, especially for an unsecured loan, First National’s personal loans come with several benefits.
These begin with the lack of origination and prepayment fees. That means you won’t be charged any extra fees if you decide to pay the loan’s debt early.
Secondly, First National does not charge any kind of monthly fee for their personal loan, making it easier to repay.
Even still, the bank has prepared an exclusive benefit for clients who pay their monthly installments on time.
Those customers can get a rate discount of 0.25% if they select automatic payments for their loan’s installments.
While First National Bank’s personal loans come with several benefits, it’s important to consider certain drawbacks.
If you fail to make a payment on time or make a payment after the due date, you will incur late payment fees. This is a common practice for most loans.
It’s worth mentioning that unsecured loans with lower amounts may not enjoy all the advantages provided by FNB. Loans ranging from $2,500 to $3,500 will have a maximum term length of 24 months.
Furthermore, it’s important to note that First National Bank’s personal loans are only accessible in the following states: PA, OH, MD, VA, WV, NC, SC, and the District of Columbia.
How do I apply?
If you get interested, tap on the green button and check out the step-by-step guide on how to apply for First National’s personal loans.