Fulton Bank Personal Loan Full Review
Meet a $35,000 loan with interest rates below the average and even enjoy discounts with this remarkable personal loan.
Are you seeking a personal loan to settle high-interest credit card balances or manage unexpected expenses? Look no further, as Fulton Bank is here to assist you.
With loan amounts ranging from $2,500 to $35,000 and repayment terms of up to five years, Fulton Bank offers a competitive loan that can align with your financial capabilities.
In this review, we will delve into the various features, benefits, and the application process of Fulton Bank’s Personal Loan.
A little about Fulton Bank
Established in 1882 in Lancaster, Pennsylvania, Fulton Bank is a subsidiary of Fulton Financial Corporation, a multi-bank holding company.
Presently, Fulton Bank operates over 225 branches and caters to customers in five states: Pennsylvania, New Jersey, Maryland, Delaware, and Virginia.
The bank provides a wide range of services, including personal banking, commercial banking, mortgage lending, and wealth management.
How does a Fulton Bank personal loan works?
Fulton Bank Personal Loans are designed to assist you in consolidating high debts, financing home improvements, covering unexpected expenses, or even turning long-held aspirations into reality.
You have the freedom to utilize Fulton Bank’s personal loan for various purposes, such as wedding plans, vacations, significant purchases, and more.
As of today, the loan offered by Fulton Bank is unsecured, meaning it does not require collateral to secure the loan.
Instead, the bank assesses your creditworthiness when determining loan eligibility. Still, collateral-free loans may have slightly higher interest rates.
Loan Amounts and Repayment Terms
Fulton Bank provides borrowers with the opportunity to secure loan amounts ranging from $2,500 to $35,000.
This range ensures that individuals can access the funds necessary to address their specific financial needs.
Additionally, borrowers can choose a repayment period of up to five years, providing them with a reasonable timeline to repay the loan comfortably.
Even still, Fulton Bank’s rates can be as low as 11% APR. is competitive interest rate is particularly notable considering that it is offered for an unsecured loan, which typically carries higher interest rates.
In addition to the substantial loan amounts and competitive interest rates, particularly for an unsecured loan, Fulton Bank’s personal loans come with several advantages.
Firstly, there are no origination or prepayment fees, meaning you won’t incur any additional charges if you decide to repay the loan ahead of schedule.
Secondly, Fulton Bank does not impose any monthly fees on their personal loans, making the repayment process more manageable.
Furthermore, the bank has an exclusive benefit for clients who consistently make timely monthly payments.
Such customers can receive a rate discount of 0.25% by opting for automatic payments for their loan installments.
Lastly, through a streamlined online application process, Fulton Bank enables its clients to receive same-day decisions and access funds promptly.
While Fulton Bank’s Personal Loan offers numerous benefits, it is essential to consider some potential drawbacks as well.
One such drawback is the late payment fee charged for missed or delayed payments. However, this is a common practice among lenders and serves as a reminder to borrowers to make timely repayments.
Additionally, it is always advisable to carefully read the fine print, understand the terms and conditions, and evaluate the loan’s suitability for your specific financial situation before making a commitment.
How to Apply
If you are interested in obtaining a Fulton Bank Personal Loan, the application process is straightforward.
Tap the green button below and check out a step-by-step guide on how to apply for a Filton Bank Personal Loan.