Getting a personal loan is a good option if you are looking for some financial assistance to meet some urgent needs. You can use the loan amount to pay off credit card bills, make home repair, or even purchase a car. Today, a large number of banks and credit unions offer unsecured personal loans that you can get without placing any of your assets as collateral. If you reside in Pennsylvania and need some financial aid, Beneficial Bank is a reliable bank where you apply for a variety of personal loans.
Beneficial Bank, operated by Beneficial Mutual Bancorp, Inc., was founded in 1853 and it is based in Philadelphia, Pennsylvania. Today, Beneficial Bank is a full-service bank with assets of approximately $5 billion, and it operates more than 58 branch locations throughout Southern New Jersey and Pennsylvania. It is also the largest and oldest bank based in Philadelphia, and it provides a complete range of financial services that include personal and business banking, loans and mortgages, wealth management, and business and insurance services.
Types of Personal Loans from Beneficial Bank
Beneficial offers a wide variety of personal loans and mortgages to choose from. Personal loans from the bank come with a number of advantages that include low rates and fixed monthly repayments. The current rates for unsecured personal loans are listed below:
|Term||Preferred Rate||Est Pay/Monthly|
|To 36 months (minimum $2,500)||10.24%||$80.95|
|To 36 months (less than $2,500)||11.74%||$33.09|
|To 60 months (minimum $3,500)||10.50%||$75.22|
The preferred rate is the rate offered to borrowers who enrolled for automatic payment withdrawal from their Beneficial checking account. Preferred rate is offered with a discount of 0.5%. Various repayment terms are available and you can choose the term that suits your requirements. Visit one of the nearest branch offices to get more information or to apply for unsecured loans.
Home Equity Loans and Lines of Credit
If you need urgent cash to fix up your home, pay for college or consolidate debts, use your home’s equity to secure a home equity loan or a line of credit to meet your needs. You can borrow as little as $5,100 and up to 80% of your home’s equity. The interest on your home equity loan or line of credit may be tax-deductible. To get discount on your interest rate, automatically deduct monthly payments from your Start Benefiting, Start Earning, or Start Rewarding account. You can apply online from the bank’s official website or apply through phone by calling 1-888-742-5272.
New & Used Auto Loans
Looking to buy a used or new car? Beneficial Bank offers new & used auto loans at affordable rates and repayment terms. Various repayment terms are also available for new and used car loans. Visit a branch office to get more information on auto loans or to make your loan application.
Time Deposit and Passbook Secured Loans
These are short-term loans that are secured by your Beneficial deposits. The bank offers fast and easy application process for such loans and no credit check is required. The bank offers various Passbook and Time Deposit loan repayment terms. Such short-term loans are a good way to pay off high-interest debts and pending medical bills. The bank suggests that you consult with tax and financial advisors before considering any loan option.