Need to pay off high-interest debts? Do you want some urgent cash to make major home repairs? If yes then you may consider getting a personal loan. If you are in Texas, there are many banks and credit unions offering personal loans at affordable rates. Getting a low rate personal loan or lines of credit from Frost Bank will allow you to meet your needs without any trouble.
Founded in 1868, Frost Bank is a Texas-chartered bank based in San Antonio. It is one of the largest banks in Texas and it operates 123 branches across the state. The bank employs over 4,222 people and it offers a wide range of consumer and commercial banking products, brokerage and investment services, investment banking and insurance products to customers across Texas. The bank offers personal loans and personal lines of credit that come with a number of advantages.
Frost Bank Personal Loans and their Features
If you need a smaller loan amount, getting a Frost personal loan might be a good option. You can get secured as well as unsecured loan and your rates will be determined accordingly. The bank offers competitive interest rates based on your collateral. To qualify for lower interest rates, you can choose a secured loan by putting your Frost Savings or CD account, bonds, stocks, annuities, brokerage, or trust accounts as collateral.
Unsecured personal loan does not require any collateral and as a result, the interest rate may be a little higher. Your loan amount can be used for anything you want. You will get fixed interest rate on your loan and you may even qualify for 0.25% rate discount by choosing automatic payments from a Frost savings or checking account.
How to Apply?
Applying for a personal loan at Frost Bank is fast and easy. You just need 15 minutes to make your application and the bank will answer you in about 2 to 4 hours. To make your loan application, visit a local Frost financial center or call (866) 376-7889 to speak with a Frost Banker. You should bring your photo ID such as your driver’s license, U.S. Military ID or state ID, and your Social Security number with you while visiting the bank. Once your application is approved, you will receive the loan amount in a lump sum at closing.
Frost Personal Lines of Credit
You can consider the flexibility of a Frost personal line of credit when you need fast access to cash or borrow smaller amount. The bank offers competitive variable interest rate, $2,000 minimum line of credit and two year term with their lines of credit. Your line of credit can be unsecured or secured by a Frost CD, bonds, stocks, annuities, brokerage, or trust accounts. Use your line of credit amount the way you want.
How to Apply?
Visit a local Frost financial center or call a Frost Banker at (866) 376-7889 to apply for a personal line of credit. Keep your photo ID such as driver’s license, state or US Military ID, and Social Security number handy before making your application. The bank does not charge any annual fees or pre-payment penalties and you can make your repayments online, in person, or by phone.
Home Improvement Loans
The bank also offers home improvement loans with flexible terms if you are thinking to remodel or make some repairs to your home. You will get a competitive fixed interest rate and you can even qualify for 0.25% rate discount by going for automatic payments from your Frost savings or checking account.