Personal Loan Options
Loans to fit any type of need
Need some cash for a purchase? Want to purchase an antique vehicle? Did Rover treat your couch as a chew toy? Listed below is some specific information about the types of loans we offer when your borrowing needs don't fit any one specific type of loan.
Unsecured/Personal Loans and Lines of Credit
These types of loans do not require any kind of collateral and the amount you can borrow is based on your credit history and income level.
| Unsecured/Personal Loans and Lines of Credit Rates | |
| Effective Date: Saturday, April 1st, 2023 | |
| Loan Type | Rates as low as |
| Personal/Unsecured Loan | 13.75% APR* |
| Personal/Unsecured Line of Credit | 13.75% APR* |
| Vacation Loan | 12.00% APR* |
Vacation Loans
If you don't want to put that dream vacation on a credit card, then these loan options provide competitive rates and terms.
Share and CD Secured Loans
These loan types allow you to borrow against the funds you have in savings, checking or a CD. This can be a great way to get quick access to cash without making a withdrawal.
| Share and CD Secured Loan Rates | ||
| Effective Date: Saturday, April 1st, 2023 | ||
| Loan Type | APR | Maximum Loan Amount |
| Shares Secured Loan | dividend rate + 3.00%* | up to 100% of the available account balance |
| CD Secured Loan | dividend rate + 3.00%* | Up to 90% of the amount of the CD balance |
Emergency Loan
Our Emergency Loan can offer you:
- A loan amount from $500 to $5,000
- A low interest rate of 6.00% APR*
- Payments are based on 2.5% of the amount borrowed and the first payment can be deferred up to 90 days*
You'll need to provide proof of income prior to your employment suspension and something providing an explanation of your suspension.
If you have any questions or need more information, please contact us at 901-380-7400 or at mail@firstsouth.com.
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We also offer many ways to make your loan payments. Learn more about our loan payment options.
*Emergency loan rate of 6% is for a credit score of 700 or better. Your rate may very slightly. Subject to approval - not all applicants will qualify.
A personal loan with a rate of 9.25% and a term of 60 months will have a payment of approximately $20.89 per $1,0000 borrowed. Rates are subject to change or withdrawal without notice, please see us for complete details.
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