Citizens Bank has personal loans with 36 to 84 month terms. But if you need a personal loan with a shorter term, Check City Personal Loans might be what you’re looking for.
Personal Loans are loans paid in monthly installments that can be used for a variety of personal reasons. They are most commonly used for home improvements, debt consolidation, or other major expenses. There are many personal loan providers available, and they all offer different pros, cons, and loan requirements.
We hope to make your personal loan shopping go a little easier by comparing different personal loans in one place. Here we’ve gone over all the most important basics about Citizens Bank personal loans.
Citizens Bank Personal Loans: A Quick Look
Citizens Bank has interest rates that range from 6.78% to 20.88% APR. They also offer larger loans starting at $5,000 to $50,000 and these loans are paid off in 36 to 84 month terms. That’s 3 to 7 years of paying off that loan. Citizens Bank also pulls a hard credit report inquiry when you apply, which may impact your credit score. They don’t have a specific minimum credit score requirement, but their loan borrowers generally have strong credit histories with higher credit scores of 680 or more.
Loan Amount: $5,000 to $50,000
Rates: 6.78% to 20.88% APR
Fees: No application fee, no annual fee, no late fee
Terms: 36 to 84 months (3 to 7 years)
Basically, a personal loan from Citizens Bank is the best option for anyone who already has a Citizens Bank account, and has a great credit score. If you are already a Citizens Bank member than your personal loan with them can qualify for a loyalty discount rate. They also offer automatic payment discounts for loan customers that can afford automatic withdrawals.
Who are Citizens Bank Personal Loans Perfect For?
Citizens Bank personal loans are going to be perfect for some personal loan shoppers and imperfect for others. Citizens Bank can offer loan customers many important things. They have zero fees, which takes away a lot of the hassle around loan borrowing. They have large loan amounts that can fit the needs of those who need a lot of funds for big expenses. They also offer 0.25% points off with both their Loyalty Discount and their Automatic Payment Benefit.
- If you have a high credit score and a strong credit history
- If you plan on using autopay
- If your credit score can withstand a hard credit pull application
- If you need a large loan amount of $5,000 or more
- If you are already a member of Citizens Bank
Who Should NOT Get a Citizens Bank Personal Loan?
Some loan shoppers should not get a personal loan from Citizens Bank and should instead keep looking for their perfect loan. If you have an average or low credit score then Citizens Bank might not be the right choice for you. Their application process includes a hard credit pull so you want to know that your application’s chance of acceptance is good before risking your already low credit score. They also don’t offer small or short-term loans, so you’re going to be paying off a Citizens Bank personal loan for at least the next 3 years.
- If you have an average or low credit score
- If you are often late with payments
- If you can’t sign up for automatic payments
- If you need a small, short-term loan
- If you aren’t already a Citizens Bank member
An Alternative to Citizens Bank Personal Loans
If the above description has to do with you then you might want to consider an alternative to Citizens Bank personal loans. Maybe you have a low credit score or maybe you just want a simpler, smaller personal loan. If this sounds like you then you might want to consider a Check City Personal Loan. Check City Personal Loans don’t require you to have a high credit score to apply and we offer smaller personal loans that you can pay back in just 6 months! So you don’t have to get locked into a multiple-year commitment just to get the fast funds you need.
Reasons to Get a Check City Personal Loan:
Check City is a direct lender. We don’t just direct you to real loan providers, we are the loan provider.
Check City is a state licensed lender. Whatever state you’re in, you can rest assured that we’re doing everything by the book.
Our application process is quick and simple. Our loan application is easy to fill out and we won’t pull a traditional credit report when you apply.
Low credit? No problem! Even if you have a low credit score you can still apply for a Check City personal loan.
We have no origination fees.
Get cash TODAY. By visiting a Check City store you can apply for a loan and get your money all in the same day!
Shorter loan terms and smaller loans. Not everyone needs a giant loan that they’ll have to finance for the next couple of years. Check City offers small loans that you can pay back in as little as 6 months.
How to Apply for a Check City Personal Loan
The Personal Loan Application at Check City only takes a few short minutes to complete. There’s a short list of things you’ll need to fill out the application, and you can complete this quick loan application process online, in stores, or over the phone.
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. You can also apply for a Check City personal loan over the phone or in the store.
Apply in the Store. If you apply for your loan in the store, you can actually walk out with your money in that very same visit!
Or call Check City’s Loans By Phone number: 800-404-0254
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 LOAN OPTIONS
|Check City Personal Loans||Wells Fargo Personal Loan||Chase Personal Loan||SoFi Personal Loan||Citizens Bank Personal Loan|
|Amount||$300 to $3,000||$3,000 to $100,000||$4,000 to $600,000||$5,000 to $100,000||$5,000 to $50,000|
|Rates||lower APR than our payday loans||5.49% to 22.99%||depends||5.99% to 20.01%||6.78% to 20.88%|
|Fees||no origination fees||no origination fees, no prepayment penalties||depends||no fees||no application fee, no annual fee, no late fee|
|Terms||6 months||12 to 84 months||12 to 84 months||24 to 84 months||36 to 84 months|
|Min. Credit Score||none||600||high credit score||680||high credit score|
You don’t have to settle for less when it comes to your personal loan choices. There are many personal loan options available for all kinds of loan customers. You have your own loan requirements when shopping for a loan and with a little research, you can find the best personal loan for you.
*The information found in this article comes from the lenders’ websites and NerdWallet reviews at the time of posting.