How does the Citizens Bank Personal Loan impact my credit?
A key ingredient of a person's credit score is having a credit history with a good track record of making payments. Paying on time is important in developing a good credit score.
What are the interest rates offered?
What is the difference between interest rate and APR?
The interest rate is the amount charged to borrow money. The APR (Annual Percentage Rate), combines the interest rate and any other fees associated with the loan, to show the true cost of borrowing as an annual rate for each year of the loan term.
Are there any upfront fees for the Citizens Bank Personal Loan?
The Citizens Bank Personal Loan has no origination, application or disbursement fees.
What kind of credit is required for a Citizens Bank Personal Loan?
We will need to see a reasonably strong credit history.
What is the minimum income required for a Citizens Bank Personal Loan?
The minimum income required for a Citizens Bank Personal Loan is $24,000.
Will this loan application impact my credit score?
The Citizens Bank Personal Loan is a credit-based loan which will be seen as an inquiry on your credit report.
How will I receive the loan funds?
Approved borrowers will need to provide us with a U.S. domicile bank account, in their name, and routing information. The loan proceeds will be disbursed directly to the bank account provided.