Consumer Loans
At Andalusia Community Bank, we are aimed at providing our customers with the best financial solutions. If you're looking to make a big purchase or need money for some specific expenditures, our consumer loans are here to make it possible. These flexible and affordable financing options were designed with our customers in mind to help them reach their current financial goals of various kinds and forms. With our competitive interest rates and flexible repayment terms, you can be confident that you're making the right choice with Andalusia Community Bank.
What Are Consumer Loans?
Consumer loans were created to cover specific types of expenditures, from purchasing houses to covering educational costs. With their help, you can get a fixed amount you can spend toward your needs and repay it in equal monthly installments over the agreed-upon period of time. These loans can be either secured or unsecured, depending on the loan type and the borrower's credit score.
Types of Consumer Loans Offered at Andalusia Community Bank
- Auto Loans
- Mortgages
- Credit Cards
- Personal Loans
- Student Loans
- Debt Consolidation Loans
Terms & Conditions
Terms and conditions range widely depending on the type of loan you're going to get.
| Loan Type | Interest Rate | Loan Amounts | Maximum Loan Terms | Collateral |
|---|---|---|---|---|
| Auto Loans | 4% to 16% | Up to $50,000 | 84 months | Your vehicle is a pledge |
| Mortgages | 3.5% to 4% | Depends on your income | 20 years | Your vehicle is a pledge |
| Credit Cards | 13% to 16% | Limit of up to $15,000 | 36 months | None |
| Personal Loans | 4.99% to 35.99% | Up to $50,000 | 60 months | None |
| Personal Loans | 4.99% to 35.99% | Up to $50,000 | 60 months | None |
| Student Loans | 4.5% to 6% | Up to $75,000 | 10 years | None |
| Debt Consolidation Loans | 4.99% to 15.99% | Up to $50,000 | 84 months | None |
Who Can Qualify for a Consumer Loan?
Each type of loan has its eligibility requirements. Here are just common criteria:
- No less than 18 years old
- Has proof of identity
- Has a stable source of income
- Credit score of at least 650
Before applying, check out rates and fees or contact us for a detailed explanation.
How to Apply?
Some loan options allow customers to pre-qualify through the website. You can also visit the nearest branch and apply in person within the working hours. Our friendly team is always at your service to answer all your questions and help you through the process. Once you've submitted an application form, we will review your application details and turn back to you with a loan decision.
