WSFS Bank Personal Loan Full Review
Introduce yourself to this $50,000 personal loan from WSFS and enhance your lifestyle by consolidating your debts and handling unforeseen costs!
If you’re in need of a personal loan, whether it’s to consolidate debt, cover unexpected expenses, boost your finances, or further your education, WSFS Bank has a great option for you.
WSFS Bank, one of the most reputable banks in the Delaware region, offers personal loans of up to $50,000 with low interest rates that are even lower than most credit cards.
Continue reading to find out more about WSFS Bank’s rates, advantages, exclusive benefits, loan amounts, and much more.
WSFS Bank: A Trusted Financial Institution
With a history spanning almost 200 years, WSFS Bank began its operations in Delaware and has since grown to become one of the largest banks in the United States.
Known for its exceptional customer service and community involvement, WSFS Bank currently operates over 110 branch locations across Delaware, Pennsylvania, Virginia, and Nevada.
While offering a range of financial services including personal and business banking, wealth management, and trust services, WSFS Bank also provides personal loans to meet the borrowing needs of its customers.
How Does a WSFS Bank Personal Loan Work?
A WSFS Bank personal loan is a versatile borrowing option that can be utilized for various purposes such as debt consolidation, home improvements, or covering unexpected expenses.
What sets this personal loan apart is that it is unsecured, meaning there is no need to provide collateral to secure the loan approval.
Currently, WSFS Bank allows borrowers to access loan amounts ranging from $2,000 to $50,000 with a repayment term of up to 84 months.
Moreover, WSFS Bank offers competitively low interest rates starting at 6.49% APR. However, the maximum interest rate for this loan is 19.99% APR.
Advantages of a WSFS Bank Personal Loan
Choosing a personal loan from WSFS Bank comes with a range of advantages that make it an appealing option for many customers, especially those seeking a secured loan.
Firstly, the bank offers a seamless online application process, resulting in fast approval and the potential to receive funds within 24 hours.
Another significant advantage of a WSFS Bank personal loan is the absence of fees. There are no application, origination, or annual fees associated with this loan.
Additionally, WSFS Bank does not charge any prepayment fees, allowing borrowers to pay off their loan before the due date without incurring any additional charges.
It is worth noting that WSFS Bank rewards its clients with exclusive benefits based on their relationship with the bank and their track record of timely payments. This can result in a discount on interest rates and fees.
For instance, all WSFS Bank customers receive a 0.25% rate discount for setting up automatic payments from their WSFS checking accounts.
Other benefits include:
- Quick and easy application process
- Exclusive discounts
- No prepayment penalties
- No collateral requirement
Furthermore, WSFS Bank provides an online monthly payment calculator that allows applicants to simulate rates and terms without affecting their credit score.
Considerations of a WSFS Bank Personal Loan
As with any loan or financial product, it’s essential to consider the fine details before committing to a WSFS Bank personal loan.
Firstly, it’s important to note that only current WSFS Bank customers are eligible to apply for a personal loan. Non-customers will need to open an account with WSFS Bank before requesting a personal loan.
Additionally, the interest rates offered by WSFS Bank may be higher for clients with a less-than-ideal credit score and credit history. Other lenders may offer more competitive rates for borrowers with less favorable credit histories.
Lastly, borrowers who fail to make their monthly payments on time may face late fees and potential damage to their credit score. Timely payments are crucial to avoid penalties and maintain a positive credit history.
How to Apply for a WSFS Bank Personal Loan
If you’re interested in applying for a WSFS Bank personal loan, click on the green button and follow the step-by-step guide provided to complete the application process.
