BB&T Personal Loan (2020 Review)

personal loan review

BB&T Bank has lots of loan options, but you need a credit score of 660 or higher to qualify. If you can’t qualify for a BB&T loan, then find a Check City Location near you where you can take out a Personal Loan today!

BB&T Bank and SunTrust Bank are combining to create Truist Financial Corporation. The two banks are still operating separately as the transition continues, so you can still visit BB&T Bank’s website and use their financial services.

BB&T Personal Loans: a Quick Look

BB&T Bank offers personal loans that can help consolidate debts, update your house, make a large purchase, or even finance a boat. But they are in the middle of a merger right now, and their rates depend on many factors. They have auto loans, unsecured loans, lines of credit, debt consolidation loans, boat and marine lending, recreational loans, and home equity loans.

Loan Amount: $3,500 to $50,000

Rates: 8.00% to 18.00% APR

Fees: some fees

Term: 12 to 36 months

Basically, BB&T Bank is a great place to go if you already have a history with them and want to keep your financial business in the same hands. They are also good loans for borrowers that live in the east coast states where they operate, so that they can visit BB&T Bank’s physical locations.

Who are BB&T Personal Loans Perfect For?

Generally, getting a loan with your bank is a good idea. If you already have accounts with BB&T or its affiliates, then it might be a good idea to stick with your bank when applying for a loan. BB&T Bank also has its own qualifications that all loan applicants need to meet. If you meet these requirements then BB&T personal loans are a worthwhile option to look into.

PROS

  • Competitive rates
  • Quick approvals
  • Many loan type options

Who Should NOT Get a BB&T Personal Loan?

The personal loans from BB&T Bank come with a few requirements that might make it hard for some people to qualify for their loans. You might be one of these people if you have a high debt-to-income ratio of 40% or more. Your application is also subject to credit approval and they’ll want to look at your loan-to-value ratios as well.

CONS

  • Need a credit score of 660 or higher
  • Need a low debt-to-income ratio, lower than 40%
  • Varied rates
  • Their a company in transition
  • You need a good loan-to-value ratio
  • There are some annual fees for some states

An Alternative to BB&T Personal Loans

Now that you’ve learned a bit more about BB&T personal loans, you might realize it isn’t a good loan fit for you. But that’s ok! You can still find your perfect loan today by looking into a Check City Personal Loan.

Reasons to Get a Check City Personal Loan

personal loan review

Direct Lender

Being a direct lender means Check City loans are as straightforward as they can be. You fill out your loan application with Check City and Check City is the one giving you the funds upon approval. You won’t deal with confusing third-parties here.

State Licensed Lender

Check City is a state licensed lender in all the states they operate in. This means you don’t have to worry about your loan being “up to code” when you take out a loan at Check City.

Easy Online Application

With just a few spare minutes you can easily fill out a loan application online. Check City has worked hard to make the application process as quick and simple as possible.

No Origination Fee

An origination fee is what a financial institution charges a customer for opening an account. Check City won’t charge you a fee just for starting an account with them.

Fast Loans

Fast loans are usually characterized by loans you can get the same day, or within a small number of business days. At Check City, you can get your money fast so you can move on with your business.

How to Apply for a Check City Personal Loan

Interested in a Check City Personal Loan? It’s easy to apply and easy to get approved. All you have to do is gather a few required documents, and choose the way you’d like to apply for your loan.

What You’ll Need to Apply:

  • A government ID
  • Proof of bank account
  • Proof of direct deposit
  • Proof of income
  • A valid phone number

Apply Online.

Complete a fast, simple, and straightforward loan application without having to leave your house.

Apply in the Store.

At Check City, you can fill out a loan application and receive your loan funds all in one visit.

Apply Over the Phone

Just call Check City’s Loans By Phone number: 800-404-0254 to apply with a Check City representative over the phone or if you need any other kind of help with your loan or application.

The Check City personal loan was created for everyone. Anyone can apply and get their funds FAST with our simple streamlined loan process. Don’t hesitate to give us a call, pull up our website, or visit your neighborhood’s Check City store to get your money now.

COMPARE SIMILAR PERSONAL LOAN OPTIONS

Check City Citibank Citizens Bank BB&T
Amount $300 to $3,000 $2,000 to $50,000 $5,000 to $50,000 $3,500 to $50,000
Rates lower APR than our payday loans 7.99% to 23.99% 6.78% to 20.88% 8.00% to 18.00%
Fees no origination fees no origination fees no application fee, no annual fee, no late fee some fees
Terms 6 months 12 to 60 months 36 to 84 months 12 to 36 months
Min. Credit Score none high credit score 680 660

*The information found in this article comes from the lenders’ websites and NerdWallet reviews at the time of posting.

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