Personal Loans

Welcome to Andalusia Community Bank! Our team is committed to providing customers with personalized financial solutions. Whether you need to consolidate debt, make home improvements, or fund a special event, our Personal Loans can help you achieve your goals. Our loans are designed to provide you with flexible and affordable financing options, so you can enjoy the things that matter most to you.

What Are Personal Loans?

Personal loans are a form of borrowing that you can use for various purposes, such as consolidating debt, making home improvements, or covering unexpected expenses. With a personal loan, you can get a lump sum of money and repay it over a set period, usually up to 60 months. The loan is usually not secured by any collateral. However, some options may require a repayment guarantee. The interest rates are typically fixed and don't fluctuate over time.

Terms & Conditions

  • Loan amount: $5,000 to $50,000
  • Loan term: up to 60 months
  • Interest rates: between 4.99% and 35.99%, depending on the borrower's credit score.
  • Fees: 1% origination fee. There are no application fees or prepayment penalties. If you don't pay on time, late fees may be charged
  • Collateral: can be required for bad credit borrowers

Eligibility Requirements

You can apply for a personal loan from Andalusia Community Bank if you meet the following criteria:

  • Age: at least 18 years old
  • Citizenship: a permanent US resident
  • Income: have a stable source of income that is sufficient for the requested amount
  • Credit score: at least 600
  • Documentation: proof of income and identity

How to Apply?

At Andalusia Community Bank, we stand for providing a stress-free borrowing experience to our customers. Our loan application process is simple and can be completed fast. Here are steps to take to get started:

  • Decide on the amount you need.
  • Visit the nearest branch.
  • Fill out a loan application form to pre-apply.
  • If approved, provide the necessary documentation.
  • Get the final loan decision.
  • Read and sign the loan agreement.
  • Get the funds within a few business days via direct deposit.

Important information