Huntington Bank Personal Loan Full Review
Gain further understanding about a personal loan option that can provide you with up to $50,000, offering competitive interest rates and allowing you to repay the amount within a maximum of 5 years.
If you are in need of some extra money and have a low annual income, Huntington Bank’s personal loans may be a good option for you. With an annual income of only $12,800, you can borrow up to $50,000 and have up to 5 years to pay it back.
Learn More about Huntington Bank
Huntington Bank is a well-established financial institution that has been operating in the Midwest for over 150 years. With headquarters in Columbus, Ohio, the bank has grown to become one of the largest in the region, with over 1,000 branches and more than 20,000 employees.
Huntington Bank prides itself on providing exceptional customer service and has been recognized as the “Best Regional Bank” by Money Magazine in 2020.
How Does Huntington Bank Personal Loan Work?
Huntington Bank offers both secured and unsecured personal loans with repayment terms ranging from 12 to 72 months. Depending on your creditworthiness and financial situation, you may be able to borrow up to $50,000 with competitive interest rates starting at 6.99% APR.
One of the advantages of Huntington Bank’s personal loans is that they do not require collateral, unlike some other lenders. Additionally, they do not charge any prepayment penalties, allowing you to pay off your loan early without any extra fees.
Additional Advantages of Huntington Bank Personal Loans:
- Flexibility
- Quick approval process
- Auto-payment discount
- No collateral required
Considerations for Huntington Bank Personal Loans
While Huntington Bank personal loans can be a good option for those with low incomes, there are some fees and other limitations to be aware of. The bank has a minimum credit score requirement of 680, and they may charge an origination fee of up to 2.99% of the loan amount.
Late payment fees and penalties may also apply, potentially impacting your credit score. Additionally, Huntington Bank only guarantees personal loans for customers in select states, including Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia.
For applicants outside of these states, loan availability is not guaranteed.
How to Apply for Huntington Bank Personal Loans
Applying for a personal loan with Huntington Bank is a straightforward process. You can apply online or visit one of their branches. For more information on how to apply, click the button below.
