Please remember that First South will never call you from our main number, 901.380.7400, and ask you to provide your full Social Security Number, full credit or debit card account number, the code on the back of the card, the expiration date or other pieces of sensitive information, such as any codes or temporary passwords used to reset access to online or mobile banking. We take the safety and security of your personal information very seriously and have many procedures and safeguards in place to keep your information safe and secure. 

PLEASE NOTE: Our Cordova banking center will be temporarily closed on Saturday, April 1, 2023. Please visit our locations and hours page to find the banking center closest to you. We apologize for any inconvenience and appreciate your patience.

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Personal Loans

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 TypeRates 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 TypeAPRMaximum 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



We also offer many ways to make your loan payments. Learn more about our loan payment options.

First South Financial TruStafe

*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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