How to Apply for First National’s Personal Loan

If you are considering personal funding options, Trustmark is a great choice, especially if you reside in the Southern United States.

Trustmark offers multiple personal loan options, allowing you to borrow up to $50,000 and providing a repayment period of up to 60 months.

In the following sections, you will find all the necessary information and steps to take before applying for a personal loan from Trustmark.

Requirements for Applying

In order to apply for a personal loan with FNB, you must meet certain criteria, including:

• Being an American citizen or permanent resident
• Being at least 18 years old
• Having a valid Social Security number

Although First National Bank does not disclose specific minimum income or credit score requirements, they do consider several factors when evaluating loan applications.

These factors include credit history, employment history, monthly income-to-debt ratio, and other variables.

How to Apply

Currently, First National Bank does not accept personal loan applications through digital channels such as their website or phone app.

To apply for a personal loan with FNB, you will need to schedule an appointment at one of the bank’s branches.

During the loan application process, FNB will require certain documentation from you. You may be asked to provide:

• Valid identification
• Proof of income
• Proof of address
• Latest bank statements
• Latest tax documents

Not Interested? Check out Umpqua Bank’s Personal Loan!

Umpqua Bank offers both secured and unsecured personal loans, providing customers with the opportunity to be approved without having to provide collateral.

These loans can be used for various purposes, such as medical emergencies, debt consolidation, home refurbishing, education, or vacations.

Unsecured vs Secured Loans

For unsecured loans, customers can borrow up to $100,000 with interest rates starting at 12.99% APR. The repayment term can extend up to four years with a fixed monthly installment.

For secured loans, the borrowing amount can start at $1,000 and is dependent on the value of the collateral. Interest rates for secured loans start at 4.16% APR, and the repayment term can range from one to five years.

Why Choose Umpqua Bank?

Umpqua Bank’s personal loans come with several advantages, including fast approval and discounts.

Typically, the bank approves unsecured personal loans within two days, and the funds are credited to the customer’s account within seven to ten business days.

Another benefit of Umpqua Bank’s loans is the absence of prepayment fees, meaning you won’t incur any charges for paying off your remaining loan balance ahead of schedule.

Additional advantages include:

• Fixed interest rates
• Flexible repayment terms
• Online application process
• Credit insurance

If you have a Umpqua Bank savings account, you may also be eligible for a 0.25% interest rate discount by enrolling in automatic monthly loan payments.

Note that this discount is only available for clients who make timely loan payments and have an existing Umpqua Bank account.

How to Apply for Umpqua Bank’s Personal Loan

If you are interested in applying, click the green button below to access all the requirements for getting approved for an Umpqua Bank personal loan!

Written by

Claire Harrison