Old National Bank Personal Loans Review

With personal loans, you can borrow money for a wide range of expenses and, because sometimes there is no credit check, so you don't have to worry about your credit score. 

Whether you’re looking to consolidate debt, fund home improvements, or cover major life events, Old National Bank offers a quick, flexible solution tailored to your needs. With competitive rates and a seamless application process, this loan gives you the peace of mind to move forward with confidence.

What makes the Old National Bank Personal Loan stand out is its customer-first approach. With personalized loan terms and the support of a team that cares, you can borrow with clarity and security. Plus, the benefits don’t stop once you’ve secured the loan. Old National Bank’s commitment to helping you meet your financial goals is reflected in every aspect of the loan experience, from competitive rates to a variety of repayment options. Ready to take the next step toward financial freedom? The Old National Bank Personal Loan is the perfect place to start!

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What are the benefits of Old National Bank Personal Loan? 

Flexible Loan Amounts: No two financial situations are the same, which is why Old National Bank provides a range of loan amounts. From $1,000 to $25,000, you can borrow exactly what you need for your specific circumstances. Whether you’re funding a small project or tackling a larger goal, Old National Bank makes it easy to access the right amount of financing.

There are no origination fees: Old National Bank’s Personal Loan is the perfect way for you to start any home improvement project. With an easy online application and flexible repayment options, you can get back to living life without any origination fee.

Accessible customer service 24/7: The great thing about having a personal loan with Old National Bank is you can call them anytime and they’ll be there to help you through the process of getting a loan or any inquiries. 

Tailored for a Range of Needs: The Old National Bank Personal Loan can be used for a variety of purposes—debt consolidation, home repairs, medical expenses, vacations, and much more. Whatever your reason for borrowing, Old National Bank gives you the flexibility to use the funds in the way that best suits your needs.

Co-borrowers are allowed: Old National Bank is proud to offer co-borrowers the option to finance your loan. This is a great option for anyone who may not have the funds to qualify for a loan on their own. You can co-borrow with your spouse or a trusted family member.

Extension of reimbursement period is allowed: With this loan, you can extend the reimbursement period on a part of the loan. This means that you can use the loan for a longer period of time and pay it back over a longer period of time.

Fast and Easy Application: With Old National Bank, applying for a personal loan is quick and simple. You can apply online or visit a branch, and the process is designed to be as efficient as possible. There’s no need for piles of paperwork or complicated procedures—just a straightforward application that can have you on your way to securing the funds you need.

Offers lower interest rates than others: When you apply for a personal loan, you will want to compare your interest rates to make sure that you’re getting the best deal possible. Lucky for you, Old National Bank’s personal loan offers lower interest rates than most competitors.

Loan Application Requirements

1. Creditworthiness: Old National Bank will assess your credit score and history to determine your ability to repay the loan. A good credit score is typically preferred for favorable loan terms.
2. Income Verification: You’ll need to provide proof of a stable source of income to demonstrate your ability to make loan payments. This may include recent pay stubs or tax returns.
3. Identification: Old National Bank will require personal identification, such as a driver’s license or passport, to verify your identity.
4. Residential Information: You’ll need to provide your current address and, in some cases, previous addresses.
5. Employment History: Be prepared to share information about your employment history, including your current employer’s name and contact information.
6. Loan Purpose: Clearly state the purpose of the loan, whether it’s for debt consolidation, home improvement, education, or any other valid reason.
7. Social Security Number: You’ll be asked to provide your Social Security Number for credit checks and identity verification.

How to Apply for a Old National Bank Personal Loan

1. Visit the Bank: Schedule an appointment or visit your nearest Old National Bank branch. A bank representative can guide you through the application process and answer any questions you may have.
2. Complete the Application: Fill out the Personal Loan application form provided by the bank. Ensure all information is accurate and up-to-date.
3. Provide Documentation: Submit the required documents along with your application. This may include recent pay stubs, tax returns, and proof of identification.
4. Wait for Review: Old National Bank will review your application, credit history, and documents. This process may take some time.
5. Receive Loan Offer: If your application is approved, you’ll receive a loan offer outlining the terms and conditions, including the interest rate and repayment schedule.
6. Accept the Loan: Carefully review the loan offer, ensuring you understand all terms. If you’re satisfied, sign the loan agreement to accept the offer.
7. Receive Funds: Once you’ve accepted the loan, the funds will be disbursed to your bank account. You can start using them for your intended purpose.

FAQs about Old National Bank Personal Loans

What types of Personal Loans does Old National Bank offer?

Old National Bank offers a range of Personal Loans, including unsecured loans, secured loans, and lines of credit. The specific loan types and terms may vary.

How long does it take to receive a loan decision?

The time to receive a loan decision can vary, but you can generally expect a response within a few business days after submitting your application.

What is the typical loan term for Old National Bank Personal Loans?

Loan terms can vary based on the type of loan and your creditworthiness. Terms typically range from one to seven years.

Can I apply for a Personal Loan online, or do I have to visit a branch?

Old National Bank offers both online and in-branch application options, providing flexibility to applicants.

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Old National Bank Personal Loan

Lock in a fixed rate Easy, transparent process

Hassle-Free Personal Loans

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