Ally bank offers payday loans that are ideal for customers who are in an urgent need of money and are willing to pay it off at the earliest. Payday loans are available anywhere between $100 to $1,000. These are short term loans with a high interest rate. It also offers personal loans up to $10,000.
Ally Bank Loan Application Process
Now-a-days a majority of the loan application is online. Ally Bank also has a convenient and a hassle free application process along with a quick approval too. The customer has to enter all personal details including name, address, telephone number, amount to be borrowed and the reason for borrowing.
The bank verifies all the information entered and funds are transferred to your account instantly. Its online service is simple; thus you need not visit the branch anymore. You can apply as well as check your application status from your smart phone or computer.
No matter where you are, you get all the information online. The online banking app takes care of all your banking requirements under one roof. It is easy to switch between accounts, check for various products and apply sitting at the comforts of your home.
Credit Score Requirements
The bank welcomes people with different credit scores. No matter what your credit rating is, you may qualify for a loan provided all the details entered is true to your knowledge. However, the interest rates offered to people belonging to different credit scores would be different. For example, if you have an excellent credit rating, you may be eligible for a lesser interest rate.
On the other hand, people with bad credit may have to shell out more in the form of interest rate and other charges. The bank has its own credit score determination check that forms the basis of the final rate. There are some banks that do not entertain customers with poor credit. So, if you are among them and are finding it difficult to qualify for a loan elsewhere, Ally Bank may be your right choice.
Ally Bank Phone Number and Contact Details
The bank does not give out much information on their website. It also does not state any minimum rate of interest applicable on a particular loan amount. It seems that you can find your rate only after you apply online. In case you wish to call up the customer service, you may do so on their number 877-247-2559. The customer service team is available 24×7.
The bank is open to feedback and claims that they have less than one-minute customer wait time. If there is anything you would want the loan officials to know, you can logon to their website and fill up the feedback form. You are sure to get a reply or a call from the bank executives. The customer service team is well-trained to answer all your queries.
In a Nutshell
As there is not much information available online, you will see that there are hardly any negative reviews pertaining to the products and services offered by the bank. Those with a good credit may expect competitive rates and those with poor credit will be happy to have the money they need.
The online banking experience is completely safe and secure. Moreover, it is compatible with all devices. If you are not comfortable with online banking, the bank would welcome you happily in any of their branches. The attention and the level of care offered by Ally Bank is definitely laudable.
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