If you are planning the next big thing in your life, but don’t have the finances, then you need a personal loan.
Whether it is the wedding of your dreams, moving into a new apartment, or just trying to live life in a cozy manner, a personal loan from Citizens Bank will get you there.
It is the solution you need, and here we will show you how easy it is to apply for it.
Features of The Loan
A personal loan from Citizens Bank can be used for a variety of purposes. Since the loan is not prescribed under specified conditions, it can be applied in any fashion you would find pleasing.
Whether for a long and luxurious vacation, financing a wedding, or even consolidating credit card debt, you can apply for a personal loan for whatever reason.
Keep in mind that Citizen Banks’ terms and conditions, as well as their interest rates applied on personal loans, will vary according to your location.
However, interest rates to personal loans are applied in three variants. These are unsecured, fixed, or variable rates.
Citizens Bank also offers several different loan term lengths, which, combined with the applied interest rate, will determine the amount you are eligible for and the total monthly payback you will have to install to repay the loan.
A personal loan will range from $5,000 to $15,000, but you can use their online loan calculator to pre-determine your loan figures before applying.
Benefits
Applying for a loan at the Citizens Bank will have numerous benefits. These include but are not limited to quick approval rates. You can expect to receive a quick response on the notification of whether or not your loan is approved.
In most cases, this would be done within as fast as five minutes. Then, following a successful application and approval of your loan, you will have access to the money within seven to ten days.
But usually within two days. Citizens Bank also offers competitive interest rates and does not charge any extra fees. No additional charges will be billed for application, disbursement, neither will origination fees be asked.
Apart from these benefits, if you decide to settle the debt on a credit card, you will have streamlined payment options. Instead of having to pay separate accounts, you would now only have to pay the amount due on your personal loan at Citizens Bank.
Who is Eligible for a Citizens Bank Loan?
Anyone who is a legal citizen of the United States would be eligible for a personal loan at the Citizens Bank. However, it should be kept in mind that any applicant with a higher credit score would be more likely to apply for a personal loan successfully.
Since the loan does not require any collateral, the determination of a successful application is done by checking the applicant’s credit score.
The credit score is determined by the previous history of approved credit and based on these five factors: payment history, credit utilization, length of credit, amount of new credit, and credit mix.
For more detailed information, you can visit the following link. In basic, payment history is determined on how punctual and consistent previous payments were made.
This makes up 35% of your credit score. Credit utilization will add another 30% to the credit score total and is determined by the total debt you owe compared to the credit you have remaining. The length of credit will be another 15% influence and is determined by the duration of previous loans.
The amount of new credit is a further 10% of the total and is determined by how many active accounts you have. The last factor and final 10% of the score are determined by how variant the accounts are.
How To Apply
The application process is simple and quick. You can either apply at any local branch or call the following number: 1-800-922-9999.
To locate your nearest branch, you can make use of their online branch locator.
Summary
If you require emergency cash or are simply planning a big event like a wedding, or welcoming your firstborn into the world, then a personal loan from Citizens Bank is the solution that you need.
It is simple and easy to apply for, and you will receive an immediate notification of your approval. Within as little as two days, you could have the money you need.
Do not delay, make that call today! With so many benefits available from Citizens Bank, why wait?