First Command Bank personal loan is considered as a financial help in times of needs. You can easily qualify for a variety of personal loans provided you have an employment, a regular monthly income, and a good credit score. A number of banks and credit unions offer a range of personal lending solutions to eligible borrowers. You can use the loan amount for a number of expenses depending on your needs.
If you need some extra cash to make a big purchase, complete a home remodeling project, consolidate debt, or plan a family vacation, First Command Bank can help you meet your needs with a personal borrowing solution. Before you apply for a personal from the bank, it is important that you understand the loan options available for you and the corresponding interest rates and terms and conditions. First Command Bank offers two types of personal loans that are discussed below.
First Command loan for instant funding
A low fixed rate personal loan from First Command Bank can offer you the instant funding you need to meet unexpected expenses such as auto repairs, medical bills and home repairs. You can avoid putting your home or any other collateral as it is an unsecured type of loan. You will get a competitive fixed APR that will never change throughout the life of the loan. The bank provides quick loan decision and funding for eligible borrowers. Unsecured personal loan amounts from $2,000 to $25,000 is available and you can get the loan term of your choice depending on your credit score and income status.
The bank offers repayment terms from 6 to 60 months and there are no application fee, no closing costs, or no monthly service fee. As your interest rate and monthly payment will never change, you can work out a budget to timely repay the loan without any defaults or late payments.
First Command Bank Secured Personal Loan
With a secured personal loan from the bank, you can reduce debts, build wealth, or fulfill your financial goals. The bank requires you to offer some kind of collateral in order to secure this personal loan option. You can use First Command Bank Certificate of Deposit or eligible non-tax-qualified mutual funds to obtain this low rate secured loan. You can use the loan amount for any purpose. You can choose from a minimum loan amount of $2,000 to a maximum of 100% of the value of your CD or 90% of your mutual fund value. The bank offers repayment terms of 6 to 60 months and flexible terms for loans greater than $25,000 are available.
Moreover, First Command Bank provides single-pay notes, installment loans, and lines of credit if you are looking for some other personal lending options.If you are facing the trouble of managing your multiple credit card bills or other debts, the bank can help you pay down your debts with a low rate debt consolidation loan. For further information, you can visit your nearest bank branch or contact a loan representative of the bank at 888.763.7600 to find out which loan product will serve you best.