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Bank of the West Personal Loans Calculator & Overview

Updated 19 Aug 2023

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The Bank of the West is an American banking institution based in San Francisco, California. It is a subsidiary of the French worldwide banking firm BNP Paribas. It was acquired by the Canadian BMO in 2021.

Is it worth getting a Bank of the West personal loan? Use the Bank of the West personal loan calculator today. Set the loan amount and repayment schedule that is best suited to you.

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.

A quick guide to a Bank of the West personal loan

Bank of the West helps you satisfy any financial need through its personal loan services. Loan amounts vary depending on your creditworthiness and capacity to pay. You can apply with a co-signer to increase your chances of approval. Plus, there are no prepayment penalties.

Bank of the West personal loan features

Here’s an overview of Bank of the West personal loan features:

Loan amounts: $2,000 to $50,000
Loan terms: Between 1 year and 5 years
Repayment frequency: Monthly
Credit score: above 670 or at least 700
Interest rates: APR from 7.04% to 35.89%
Co-applications: Apply with a co-signer to boost approval
Automatic payments: Get a 0.25% discount for auto-pay enrolment

Bank of the West personal loan requirements

You are qualified to apply for a personal loan at Bank of the West if you are:

18 years or older
A resident in any of the 19 states where Bank of the West branches can be found
With a verifiable income history for at least 2 years
With a good credit standing
Applying with a guarantor to increase your chances of approval or get lower rates

To apply for a personal loan at Bank of the West, you must provide the following documents:

Proof of identity (government ID)
Social security number
Purpose for the personal loan
Asset information
Employment history

Pros and cons for Bank of the West personal loans

Pros

Wide range of borrowing limits
Rate discount for automatic payments
No prepayment penalty
No application or origination fee

Cons

Must apply in-person, no online submission
Need a credit score of 670 or over
No information on loan rates
Requires 2 years of verifiable income

Bank of the West personal loan calculator

Loan amount

Term

Provider

Product Information

EST Monthly
Repayment

Interest
Rate

Repayment
Period

Loan
Amounts

Sort loans by

Loan Amount

$20,000

Term

3 months

Change

Bank of the West personal loans

Estimated Month Repayments

$633 Inclusive of fees

Interest Rate

8.67%
APR

Repayment Period

12 months
to 60 months

Loan Amounts

$2,000
to $50,000

Go to site

Get it done with unsecured personal loans. An unsecured personal loan means that you don't have to put up collateral such as your home or car for the loan. Their flexibility and great rates make them a popular choice for those wanting to take better control of their finances.

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Wells Fargo personal loans

Estimated Month Repayments

$606 Inclusive of fees

Interest Rate

5.74%
APR

Repayment Period

12 months
to 84 months

Loan Amounts

$3,000
to $10,000

Go to site

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

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Eastman Credit Union personal loans (Shared Secured Personal Loan)

Estimated Month Repayments

$848 Inclusive of fees

Interest Rate

29.90%
APR

Repayment Period

12 months
to 12 months

Loan Amounts

$1,000
to $20,000

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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

Does Bank of the West offer unsecured loans?

Yes, it does. In fact, you don’t need to provide collateral when you apply for a loan here.

What if I have a low credit score?

Bank of the West prefers borrowers with a credit score of 700 or higher. Bad credit usually leads to the application being denied. Increase your chances of approval by having a co-signer vouch for you.

Can expatriates apply for a loan?

Yes. But you must first refer to the bank’s rules to see if you qualify.

Is there a Bank of the West mobile app that I can download?

Yes. There is a mobile app available for download on your smartphone. Use this to manage your finances or make loan repayments more convenient.

What are the fees involved when applying for a personal loan?

Bank of the West doesn’t deduct application or origination fees. Furthermore, you won’t get prepayment penalties if you decide to finish the loan in advance.

Bank of the West Personal Loans Calculator & Overview