First National Bank’s Personal Loan Full Review

Are you in need of funds for unexpected expenses, medical bills, debt consolidation, or to fulfill a dream? Look no further than First National Bank, which offers a variety of personal financing options. Whether you need a credit line or a loan of up to $250,000, First National Bank has flexible repayment terms to suit your needs.

Discover all the rates, advantages, exclusive benefits, and loan amounts offered by First National Bank below:


### Who is First National Bank?

First National Bank, also known as FNB, is a financial corporation based in Pittsburgh, Pennsylvania. With a history spanning almost 150 years, FNB has become one of the top 250 banks in the United States based on asset size. The bank has grown its market share and now has offices across Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Virginia, and the District of Columbia. FNB offers a range of business and personal products, including savings accounts, checking accounts, money market accounts, certificates of deposit, insurance, and loans.

### How do First National Bank’s personal loans work?

First National Bank offers both secured and unsecured loans. You can apply for a personal loan without collateral or use your FNB Savings Account or Certificate of Deposit as collateral for a secured loan. These loans can be used for various purposes, such as funding a vacation, covering medical emergencies, consolidating debt, renovating your home, or financing your education.

#### Unsecured Loan

First National Bank offers unsecured loans ranging from $2,500 to $25,000, with competitive interest rates starting at 6.75%. You can choose a repayment term of up to six years and enjoy the convenience of fixed monthly installments.

#### Secured Loan

For those seeking larger loan amounts, First National Bank offers secured loans of up to $250,000. By using your FNB Savings Account or Certificate of Deposit as collateral, you can secure a loan with interest rates starting at 5.16% APR. Repayment terms for secured loans range from one to six years.

### Main benefits

First National Bank’s personal loans come with several benefits. Firstly, there are no origination or prepayment fees, meaning you won’t incur any additional charges for paying off your loan early. Additionally, there are no monthly fees associated with First National Bank’s personal loans, making repayment easier. Moreover, if you make timely monthly installments, you can enjoy a rate discount of 0.25% by opting for automatic payments.

### Main drawbacks

While First National Bank’s personal loans offer numerous benefits, there are a few drawbacks to consider. Late payment or missed payment may result in a late payment fee, as is common with most loans. Additionally, some of the advantages mentioned may not apply to unsecured loans with lower amounts. For loans between $2,500 and $3,500, the maximum term length is 24 months. It’s important to note that First National Bank’s personal loans are only available in Pennsylvania, Ohio, Maryland, Virginia, West Virginia, North Carolina, South Carolina, and the District of Columbia.

### How to apply?

If you’re interested in applying for a personal loan from First National Bank, simply click the green button and follow the step-by-step guide on their website.

Written by

Claire Harrison