There are no prepayment penalties on any of our personal loans or lines of credit. You can pay as much as you’d like above your scheduled payment at any time!
Interest rates are determined based on the type of personal loan, collateral and terms. (Note: We offer a 1% discount on our loans with automatic payment from a Gate City Bank checking account.)
Not long at all! You can expect to hear back on your personal loan application within one business day.
We may require a co-borrower on a loan, depending on your credit. Our lending team will gladly work with you to determine available options when you submit your application!
Great question! Common types of collateral used include houses, cars, boats, RVs, motorcycles and certificates of deposit (CDs).