First Citizens Bank Personal Loans Review

(June 2024)

First Citizens Bank Personal Loans Review

In This Article

Our Verdict

our verdict

Get a personal loan with First Citizens Bank to consolidate your debts, finance your home or other expenses. First Citizens bank loan come with  competitive rate and flexible terms and convenient online banking.  It was founded as the of Smithfield in North Carolina. In 2022 First Citizens became 20 largest Bank in the United State. First Citizens have over 500 physical branches including; Florida, Kansa, Maryland, New Mexico, North Caroline, Oklahoma, South Caroline, Tennessee, Texas, Washington, West Viginia, Wisconsin etc…

Find helpful resources such as a loan calculator and a FAQ section on their website, and reach out to their customer service team for assistance. Their customer services is available 24/7 and this can make you reach at any time you want.

For more information visit First Citizens website at www.FirstCitizen/personal loan.com.

Pros

  • Competitive rates
  • Flexible terms
  • Low interest rate
  • Over 500 branches
  • Minimum document required
  • No collateral or guarantee needed

Cons

  • Limited service
  • High fees
  • Limited loan amounts
  • Long process application

Who This Product Is Best For

Consider First Citizens bank personal loans if you:

  • Have a good credit history and improve credit score at least 650+
  • you are existing customer at First Citizens Bank
  • Need flexibility in your terms and repayment options.
  • Need money for an expense like home or car repair.
  • Need funds for a specific purpose like for future use.

Who This Product Isn't Right For

Don’t expect personal loan from First Citizens Bank if you:

  • Have a bad credit score or a bad record of missed payment
  • Want a very large amount if loan
  • Need urgent loan
  • Have no business checking account with First Citizens

What This Product Offers

  • Personal Loans

First Citizens Bank offers personal loans where you can get small amount for a variety of purposes, including home improvement,  unexpected expenses. First Citizens personal loans have fixed interest rates, which means that your monthly payments will remain instant through the period you pay the  loan.

  • Home Improvement Loans

Get the fund you need quickly from First Citizens to repair or remodel your home without tapping into your equity or putting up collateral. You can Get this loan at very interest of 5.99%. 

  • Home Equity Lines of Credit

First Citizens Bank also provides  home equity line of credit, a revolving line of credit that allows you to borrow against the equity in your home. With this product, you can withdraw funds as needed and only pay interest on the amount you borrow.

Product Details

Personal Loans

Getting a personal loan from First Citizens bank can help you avoid to ask family and friends for fund. This can also protect your privacy and allows you to keep your finances and personal relationships separate. Personal loan can help strengthen your finances and prepare you for financial success.

Loan amount

$10,000 to $6,000,000

APR

5.99%

Terms

12 months to 60 months

Repayment Term

Monthly

Fees

Origination fee and late payment fee

Availability

Over 500 state

Funding speed

 it depends on

Home Equity  Lines of Credit

Get the lump sum of money that you need from First Citizens bank and pay back at convenient time. Home Equity Line of Credit  have fixed interest rates and repayment terms that make your budget easy for you.

Loan amount

$10,000 to $6,000,000

APR

5.99%

Terms

5 to 30 years

Repayment schedule

Monthly

Fees

based on negotiation

Availability

Over 500 state

Funding speed

Varies

Home Improvement Loan

Choose First Citizens  home improvement  loans to renew or upgrade your new space with their competitive rates, flexible terms, and no collateral required. First Citizens ensure the fund fit your budget.

Loan amount

 $100,000 to $6,000,000

APR

Fixed

Terms

5 to 25 years

Repayment schedule

Monthly

Fees

Origination fee and late payment fee

Availability

Over 500 state

Funding speed

Varies

Where This Product Stands Out

Flexible Terms

Keep First Citizens bank flexible loan options in mind for both unsecured and secured personal loans. Choose the loan that fits your financial situation. Secured loans usually offer lower interest rates, but they require collateral, such as a home or car.

Minimum Document Required

 First Citizens bank personal loan require only minimum document, very fast and easy to apply for. Gather all the document they request for such as your full name, record of checking account payment, your address, etc. Ensure you don’t have any outstanding debt on your checking account record.

Competitive Interest Rates

Qualify for low-interest rates on both secured and unsecured personal loans with First Citizens bank. Get competitive rates as low as 5.99% APR if you have a strong credit score.

Available in Over 500 State

You can get your  financial fund from First Citizens bank from over 500 state in United State including; Florida, Kansa, Maryland, New Mexico, North Caroline, Oklahoma, South Caroline, Tennessee, Texas, Washington, West Viginia, Wisconsin etc…

How to Qualify for This Product

Follow the steps below to qualify for First Citizens personal loan.

Credit Score

To qualify for a First Citizens bank personal loan, you must have a credit score of at least 650+ if you really want to knock their socks off and increase your chances of approval, aim for an even higher score. A high credit score shows First Citizens  Bank that you’re responsible with your finances and they’ll reward you with a lower interest rate.

Citizenship and Age

To qualify for a personal loan with First Citizens bank , be  a proud American citizen or a permanent resident who is at least 18 years old. Ensure you have all the necessary document that make you qualify for the loan

Existing Relationship with First Citizens Bank

If you’re looking to increase your chances of approval and secure a lower interest rate, have relationship with First Citizens bank. Having an existing checking or savings account with them could give you the edge you need to qualify for a personal loan.

How to Apply for This Product

To apply for a First Citizen Bank personal loan, you can follow these steps:

  • Visit the First Citizens Bank website: Go to the their website at firstcitizen.com
  • Navigate to the Personal Loans page: Click on the “Borrow” option in the main menu and then select “Personal Loans” from the drop-down menu.
  • Choose the type of loan you want – either consolidation loans, home improvement loans, or personal loans. Select the one that best suits your needs.

Customer Reviews

Customer review that First Citizens personal loan institution are best to get your loan due to their 24/7 customer service.

Methodology

We reviewed Webster Bank personal loans based on 35 data points in the categories of loan details, loan costs, eligibility and accessibility, customer experience, and the application process. We rated Webster Bank personal loans based on the weighting assigned to each category:

  • Loan cost: 35%
  • Loan details: 25%
  • Customer experience: 20%
  • Eligibility and accessibility: 10%
  • Application process: 10%

Within each major category, we also considered several characteristics, including available loan amounts, repayment terms, and applicable fees. We also looked at minimum credit scores and time in business requirements and the geographic availability of the lender.

Finally, we evaluated Webster Bank personal loans customer support tools, borrower perks, and features that simplify the borrowing process—like online applications, prequalification options, and mobile apps.

Become a

S'witty Kiwi Credit Insider!

Get the latest credit tips and hacks in your inbox!