Regions Bank Personal Loans: Up to US$50,000, with APR Rates Starting at 9.24%
Regions Bank offers personal loan plans ranging from $2,000 to $50,000 for current customers of the American bank, with rates as low as 9.24% and no other surprise fees.
The first important information is that you need to be a bank customer, and if you want more details, you can check out the article on how to apply.
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Regions Bank, a financial institution operating throughout the United States, provides various banking services, including stock brokerage and mortgage services.
With a widespread presence across the nation, Regions Bank boasts numerous branches and ATMs across the country.
As a result, personal loan offerings are exclusive to individuals who have held checking, savings, money market, or certificate of deposit (CD) accounts with Regions Bank for a minimum of six months.
All loan applications are subject to credit approval, with repayment terms spanning from 36 to 60 months, depending on the loan amount.
It’s important to note that loans ranging from $2,000 to $50,000 are available exclusively to existing customers.
One good benefit of Regions Bank is that opting for automatic debit payments entails a 0.25% discount on the loan amount.
To initiate the application process, prospective borrowers must either visit a bank branch or contact specialized consultants via phone.
And the funds can be quickly credited to the Regions Bank account and used for various day-to-day purposes.
It’s worth noting that, due to the requirement of having the account for at least six months, you won’t be able to sign up for the bank shortly before applying for the loan.
Want to learn about another option?
Citi is another highly respected finance company in North America that offers loan plans of up to $30,000 with rates starting at 10.49%.
Additionally, the bank also offers a 0.5% reduction for automatic payments, and you can find out how to apply.