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Frost Bank Personal Loans Calculator & Overview

Updated 19 Aug 2023

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Founded in 1868, Frost Bank is a Texas-chartered bank with almost $50 billion in assets to date. They offer a full line of banking services, including loan and deposit services, payment solutions, investment management, and financial planning. As of 2022, they have received the J.D. Power Award for “Highest Customer Satisfaction with Retail Banking in Texas,” for the 13th year in a row.

A personal loan, when handled carefully, can help you fill a financial gap without putting your personal assets at risk. You might be asking, ‘Is a personal loan from Frost Bank the best option for me?’ Use the Frost Bank personal loans calculator to view how much you’d pay, per month and overall, which will help you compare your options.

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.

An overview of Frost Bank personal loans

Frost Bank offers personal loans for debt consolidation, home renovations or repairs, vacations, and emergency expenses. There are no early repayment costs or origination fees. Furthermore, they provide same-day funding and a rate discount for those who set up automatic payments.

Here’s a breakdown of the key features and benefits of a Frost Bank personal loan:

Loan amounts: from $500 up to $25,000
Loan fees: $0 application fee; $0 prepayment penalty; $0 annual fee
Interest rates: starts at 9.24% APR
Loan options: With or without collateral
Turnaround time: same-day approval and funding
Discounts: 0.25% rate discount for automatic payments

Requirements for a Frost Bank personal loan

Frost Bank do not provide a list of all the borrower criteria. However, most lenders expect potential applicants to meet the following qualifications:

Proof of identity: This is to determine if you’re a United States citizen or permanent resident and if you’re at least 18 years of age. You’ll typically need to present two forms of identification, such as birth certificate, driver’s license, passport, or social security card.
Proof of address: You can usually use one of the following: utility bill, proof of insurance on your home, lease/rental or vehicle, lease or rental agreement.
Proof of capacity to pay: Lenders need to be confident that you will repay the loan. If you are traditionally employed, submit a copy of your pay stubs, W-2s and 1099s, employer statement. If you are a business owner or a self-employed applicant, submit a copy of your tax returns, bank statements, or annuity statements.
Good credit score and debt-to-income (DTI) ratio: Lenders require applicants to meet a certain credit score threshold (beyond 700) and DTI ratio for approval (lower than 40%). However, these requirements aren’t set in stone.

Frost Bank 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

Frost personal loans (10,000 - 24,999)

Estimated Month Repayments

$645 Inclusive of fees

Interest Rate

10.00%
APR

Repayment Period

36 months
to 36 months

Loan Amounts

$10,000
to $24,999

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Whether you need to borrow for a home improvement project, debt consolidation or education, you get more than just competitive rates and flexible options with Frost.

Featured

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.

Featured

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

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.

Pros and cons of Frost Bank personal loans

Pros

Fast turnaround times
Rate discounts for automatic payments
No origination fee
No prepayment penalty
No late payment fee

Cons

The lender doesn’t make its full eligibility criteria clear
The maximum borrowing limit is lower than those from other lenders
No information on credit score requirement

Frequently asked questions

How much can I borrow from a Frost Bank personal loan?

You can borrow between $500 and $25,000.

What are the loan fees associated with a Frost Bank personal loan?

There are no loan fees.

How much interest does Frost Bank charge for a personal loan application?

Potential rates start at 9.24%.

How soon can I expect approval for my Frost Bank personal loan application?

Approval and funding of a personal loan can be as fast as 1 business day.

Are there available discounts on a Frost Bank personal loan?

If you set up automatic payments for your personal loan, you can qualify for a 0.25% rate discount.