Cash Management
Cash Management (Soft Token Required) ACH Originators and Merchant Capture Deposits
Cash Management (Soft Token Required) ACH Originators and Merchant Capture Deposits
Cash Management (Soft Token Required) ACH Originators and Merchant Capture Deposits
February 26, 2022
Loans are a useful tool to make big purchases, make payments for housing, and more. No matter what kind of loan you choose, the same factors will help you qualify. Read on to find out more about loans and how to increase your odds of getting one here:
When our lenders determine whether you qualify for a loan, they consider several factors including: credit score and history, income, and debt. Knowing what factors into your loan application can show you where you can improve financially to meet your goals. Before applying for a loan, check your credit score and make sure you are in good standing since this will impact your loan’s interest rate, term, and credit limit.
Pre-qualification is a process that lets you preview potential loan terms without impacting your credit score and shows you the options you have for loans. This process begins through one of our lenders and will require your personal information, your desired loan amount, loan purpose, and repayment term. The offers you see will include the tentative loan terms and the interest rate you qualify for. To find the best rate for your needs, stop in one of our branches today.
Once you decide on the right loan, you can accept the lender’s offer and begin making payments. Typically you will have around 12 to 84 months to pay back the borrowed amount in monthly payments with interest; the longer the term, the more interest you will pay. Citizens First Bank offers competitive interest rates on personal and business loans. Usually, the better your credit, the lower your interest rate will be. Remember that not paying your loan off on time has a negative impact on your credit score, and if you put collateral up for the loan it can be taken by the lender.
Fund your future today with loans from Citizens First Bank. Our range of loan products include: personal and installment loans, home equity loans, recreation loans, business loans, equipment loans, and home improvement loans. Visit one of our branches to learn which option is best for you.
Come in and talk to a Citizens First Bank loan officer for fast, friendly, local loan assistance. You will leave knowing you made the right decision for consolidating your debt or financing your car, boat, or home improvement.
