Loans

Exchange Bank Unsecured Personal Loan review

Are you looking for a personal loan? Exchange Bank is here to help. They offer competitive rates and terms, making it easy to get the money you need when you need it. Read our full review to learn more.

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Exchange Bank Unsecured Personal Loan: Get a loan up to $100,000!

Learn how Exchange Bank works and apply for a personal loan. Source: The Post New.

If you’re looking for an unsecured personal loan that offers competitive rates and generous amounts, this Exchange Bank Unsecured Personal Loan review is for you.

Exchange Bank Unsecured Personal Loan review

Exchange Bank Unsecured Personal Loan application

Learn everything about how the Exchange Bank Unsecured Personal Loan application process works and how you can apply.

The Exchange Bank of California is an established institution that has been offering financial products in the U.S. since 1890. 

You can get a loan amount ranging from $1,500 to $100,000 with fixed rates and a fixed monthly payment adjusted around your schedule. Check the loan’s main features below:

  • APR: From 10.25% to 19.81% depending on loan amount.
  • Loan Purpose: Debt consolidation, large purchases, emergencies.
  • Loan Amount: From $1,500 to $100,000.
  • Credit Needed: You can apply with a fair score.
  • Terms: 12 to 60 months.
  • Origination fee: May charge an origination fee up to $60.
  • Late Fee: Does not apply.
  • Early Payoff Penalty: Does not apply. 

Since this is an unsecured loan, you also don’t have to worry about putting down an asset as collateral. However, because there’s no collateral to back up the loan, beware of the interest rates before you apply.

So whether you’re looking to consolidate debt, finance a big purchase, or cover unexpected expenses, we’ll tell you everything you need to know.

Keep reading our Exchange Bank Unsecured Personal Loan review to learn more. 

Exchange Bank Unsecured Personal Loan: how does it work?

If you’re in need of some extra cash, the Exchange Bank of California Unsecured Personal Loan is a great option.

This loan doesn’t require any collateral, which makes it a good choice for those who don’t have any assets to put up as security. 

They offer fixed interest rates starting at 9.99%, so you’ll know exactly how much your monthly payments will be.

You can borrow anywhere from $1,500 to $100,000 with this loan, and you’ll have up to 60 months to pay it back. They accept applications from people with fair credit as well. 

You’ll also have the option to make early payments without penalty, so you can pay off your loan ahead of schedule if you’d like.

The bank also doesn’t charge a late payment fee but charges up to $60 for the documentation fee. 

To learn more about this unsecured personal loan and determine if it’s right for you, read the pros and cons below in our Exchange Bank Unsecured Personal Loan review. 

Significant benefits and disadvantages you may find

personal loan,insurance claim, finance concept. women staff giving money banknote.
You can get up to $100,000 according to some eligibility requirements. Source: Adobe Stock.

Committing to a personal loan should not be taken lightly, and it’s important to understand the perks and risks before applying. Learn the highlights and lowlights next. 

Benefits

  • You can get a loan from $1,500 to $100,000.
  • Flexible repayment terms up to 60 months.
  • Fixed interest rates and monthly payments that fit your schedule.
  • No collateral required for the loan.
  • You can apply even with a fair score.

Disadvantages

  • Charges a documentation fee up to $60.
  • High APR for smaller loans. 

Is a good credit score required for applicants?

You need to have at least a fair credit score to become eligible for this loan. That means a FICO® score between 580 and 669.

Just remember that your APR and interest rates will be according to your creditworthiness. 

Learn how to apply and get an Exchange Bank Unsecured Personal Loan

If you’ve enjoyed this Exchange Bank Unsecured Personal Loan review and want to apply, follow the link below. We’ll give you an easy walkthrough of the process so you can easily request the funds you need.

Exchange Bank Unsecured Personal Loan review

Exchange Bank Unsecured Personal Loan application

Learn everything about how the Exchange Bank Unsecured Personal Loan application process works and how you can apply.

About the author  /  Aline Barbosa

Aline Barbosa is an editor, writer and learning-enthusiast. Passionate about music, books and human behavior. Curious about the unknown. Believer that learning is a life-long process.

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