Old National Bank Personal Loan Full Review
Get connected with this Old National Bank personal loan of $35,000, which can be utilized for any purpose you desire!
If you’re facing financial difficulties or need extra funds to fulfill a major plan, consider taking out a personal loan. Old National Bank offers a personal loan option with a maximum amount of $35,000 and attractive benefits, including low interest rates starting at 6.99%.
A personal loan can be a great solution for consolidating debt, covering unexpected expenses, or making necessary home improvements. With Old National Bank’s personal loan, you can access various rates, advantages, exclusive benefits, and loan amounts to suit your needs.
Old National Bank is a well-established financial institution that has been serving individuals and businesses for over 185 years. Initially founded in Indiana, the bank has expanded its operations across the Midwest and Southeast regions of the United States. It offers a wide range of financial services, including checking and savings accounts, credit cards, mortgages, personal loans, and more.
Old National’s personal loan is an unsecured loan, meaning you don’t need to provide collateral to secure the loan. This is advantageous for individuals who don’t have assets to use as collateral or prefer not to put their assets at risk. The loan amount can range from $2,500 to $35,000, providing flexibility for different financial needs such as debt consolidation, large purchases, medical bills, home improvements, or funding a wedding or vacation.
One of the standout features of Old National’s personal loan is the attractive interest rates, starting as low as 6.99% APR, which is below the market average. Additionally, you have the freedom to choose a repayment term between 36 months and 84 months, allowing you to select the term that best fits your budget.
Another key benefit of Old National’s personal loan is its fixed monthly payments. This gives you the ability to budget and plan ahead without worrying about fluctuating interest rates. Additionally, there are no prepayment fees, so you can pay off the loan early without any extra charges and potentially save on interest.
For customers with a less-than-perfect credit score or history, Old National offers a co-signer option. This allows you to apply for the loan with someone else who can be responsible for the monthly installments in case you’re unable to make the payments.
However, it’s important to note that Old National’s personal loan does come with a $150 origination fee. This fee is charged at the beginning of the loan and is non-refundable. It’s added to the total loan amount, meaning you’ll pay interest on this fee as well.
Additionally, Old National’s personal loan is only available in 24 states where the bank operates. Residents of Alabama, Alaska, Arizona, California, Connecticut, Florida, Hawaii, Idaho, Louisiana, Maryland, Michigan, Mississippi, Montana, Nevada, New Jersey, New Mexico, New York, North Dakota, Oklahoma, Oregon, South Dakota, Tennessee, Texas, Utah, Washington, West Virginia, and Wyoming cannot avail of this loan option.
Late or missed payments on the loan may result in a penalty fee of $10 to $15, depending on the specific terms of the loan. It’s essential to make payments on time to avoid these additional charges.
If you’re interested in applying for an Old National personal loan, you can find a step-by-step guide on how to apply by clicking on the green button provided.
