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Ameris Bank Personal Loans Calculator & Overview

Updated 19 August 2023

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Ameris Bank was founded by Eugene M. Vereen, Jr. in October 1971 in Moultrie, Georgia. The lion is its global emblem, which is a symbol of strength, courage, and tenacity. It has branches in over 200 locations and holds more than $20 billion in assets.

What are the repayment amounts on a Ameris Bank personal loan? The Ameris Bank personal loan calculator can let you know right away! Discover the available loan amounts and repayment terms including interest rates.

Personal loans have an annual percentage rate (APR) varying from around 3% to 36% APR. The interest rates you can receive will depend on a range of factors, such as your credit score, income, and debt-to-income ratio. On a loan of $10,000 over 5 years, the cost could vary between $10,781 and $21,680. The interest cost is between $781 and $11,680.

Ameris Bank personal loans in a nutshell

Ameris Bank gives you a choice of two types of personal loans. A traditional loan is one where you’ll receive all the funds at once. Alternatively, go for a personal line of credit to use the money however you want. Just make sure it’s within your approved limit.

Features of an Ameris Bank Loan

Here are the pertinent details about an Ameris Bank personal loans:

Traditional personal loan:

Loan amount at your discretion but subject for credit approval
No collateral
Same-day approval and same-day funding
Fixed interest rates
Online banking or mobile banking for convenient payments
No early prepayment penalties

Personal line of credit:

Loan amount between $3,000 and $10,000
Unsecured and cash- secured credit lines available
No collateral
Variable interest rates
Mobile banking for convenient payments
Use funds any time but within approved limit

Requirements for an Ameris Bank personal loan

The Ameris Bank website did not provide all the details when applying for a loan. However, you will likely need to provide the following:

Proof of identity
Proof of US address
Purpose for the personal loan
Proof of income

Pros and Cons of an Ameris Bank personal loan

Pros

Flexible loan options
Any amount available for personal loan (subject for credit approval)
No collateral
No prepayment penalties
Online banking for easy repayments
Non-US citizens welcome to apply

Cons

No information on origination or application fees
No information on interest rates
No information on debt protection plan
Requires in-branch application

Ameris Bank personal loan calculator

Loan amount

Term

Provider

Product Information

EST Monthly
Repayment

Interest
Rate

Repayment
Period

Loan
Amounts

Sort loans by

Loan Amount

$10,000

Term

3 months

Change

Ameris Bank personal loans

Estimated Month Repayments

$419 Inclusive of fees

Interest Rate

28.90%
APR

Repayment Period

12 months
to 60 months

Loan Amounts

$3,000
to $10,000

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At Ameris Bank, you can choose a traditional personal loan where you get all the money at once or gain access to a personal line of credit so you can tap into the funds anytime life calls for it.

Featured

Wells Fargo personal loans

Estimated Month Repayments

$303 Inclusive of fees

Interest Rate

5.74%
APR

Repayment Period

12 months
to 84 months

Loan Amounts

$3,000
to $10,000

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Checking and savings accounts and credit cards for your everyday business expenses and cash management.

Featured

Eastman Credit Union personal loans (Shared Secured Personal Loan)

Estimated Month Repayments

$424 Inclusive of fees

Interest Rate

29.90%
APR

Repayment Period

12 months
to 12 months

Loan Amounts

$1,000
to $20,000

Go to site

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Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.

Frequently asked questions

Can I apply for an unsecured loan at Ameris Bank?

Yes. You can apply for a personal loan at Ameris Bank even if you don’t have collateral. You can specify any loan amount you need! Nevertheless, your chances for approval will be based on your credit history.

Will I qualify for a low interest rate?

The Ameris Bank website doesn’t fully disclose the corresponding rates for its personal loan options. However, you can possibly get a lower rate if you have a good credit score. Speak with a bank representative so you can learn more about their loan rates.

What is the minimum credit score required for a personal loan at Ameris Bank?

Like most lenders, Ameris Bank relies on the FICO system to gauge a borrower’s creditworthiness. Unfortunately, the website doesn’t reveal anything specific. But you can get yours for free at Equifax, Experian, or TransUnion. The higher your score, the better your chances for approval.

What is the loan application process at Ameris Bank?

It’s easy to apply for a personal loan at Ameris Bank. First, gather all the necessary documents. Second, submit your application to the nearest branch. Third, a bank representative will contact you about your loan status. You can find out if you’re approved or not within one business day or less.

What if I want to repay the full loan amount ahead of schedule?

Ameris Bank does not deduct any prepayment fees when you make advanced loan repayments. This means additional savings for you.

Does Ameris Bank have a mobile app?

Yes. You can download the Ameris Bank mobile app on your smartphone. This makes it easy to manage your finances and make payments.