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Learn How to Get a Personal Loan in South Carolina

If you are wondering how to get a personal loan in South Carolina, your local First Bank can help. We offer personal loans with flexible terms and competitive rates, and all you have to do to apply is visit a First Bank branch near you.

If you have questions about where to get a personal loan in South Carolina, First Bank in South Carolina can help you explore your options to better understand which type of personal loan you may qualify for.

Personal Loan Offers – First Bank

When large expenses come up, you may not always have the funds to cover them. This is where a personal loan can help. Personal loans allow you to borrow money that can be used at your discretion, and can cover anything from traveling expenses, credit card consolidation, home improvement projects, and auto repairs.

It is important to note, however, that personal loans often have strict requirements and can be difficult to get (especially those with less than stellar credit).

First bank in South Carolina offers a variety of personal loan options, including a personal credit card with rewards. Click here to learn more about First Bank’s personal loans and credit.

How to Get a Personal Loan in South Carolina

Personal Loans: Secured vs. Unsecured

There are two types of personal loans: secured and unsecured.

With A secured personal loan, your bank will require some form of collateral. Collateral can include anything from a car, home, land, stocks or bonds, and personal savings accounts. In the event that the borrower stops making timely payments on their secured personal loan, the lender may seize the item that was put up for collateral.

Why get a secured personal loan?

In general, secured personal loans are easier to get than unsecured personal loans and have lower interest rates.

With an unsecured personal loan, you do not have to put up any collateral. However, banks are usually hesitant of giving unsecured loans to borrowers who have poor credit and the interest rates are usually much higher than that of a secured loan.

Why get an unsecured personal loan?

If you qualify and are granted an unsecured personal loan, you do not have to worry about something of value being taken away from you if you are unable to pay back your loan in a timely fashion.

There are currently six First Bank branches in South Carolina and each is happy to offer personal loans with competitive rates and flexible terms. Contact your nearest SC location today to learn more.

Loans subject to credit approval.





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