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Hancock Whitney Personal Loans Calculator & Overview

Carla Soto
Carla Soto
Updated 19 Aug 2023
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Hancock Whitney was founded in 1899 and is based in Gulfport, Mississippi. Hancock Whitney is the official bank of the New Orleans Saints. As of 2019, it has more than $30 billion in assets and operates 237 branches in Mississippi, Alabama, Florida, Louisiana, and Texas. They offer a full range of products and services for personal banking, including personal loans, investment management, and financial planning.

A personal loan can assist you in getting out of a financial rut or covering unexpected expenses. Although the application procedure is straightforward, you should be aware of what to expect to avoid unpleasant surprises. So, before you settle on a Hancock Whitney personal loan, let the Hancock Whitney personal loans calculator help you determine estimated monthly repayments.

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 personal loans from Hancock Whitney

Hancock Whitney offers personal loans for qualified borrowers. Use the money to buy a new car, pay for college, or pay off debts with lower interest rates. You can receive funding as fast as one business day.

Listed below are the main features and benefits of a personal loan from Hancock Whitney:

  • Loan amounts: $10,000 minimum
  • Repayment frequency: Monthly
  • Discounts: 0.50% rate discount for automatic payments
  • Turnaround time: 1 business day

Requirements for a Hancock Whitney personal loan

Hancock Whitney does not have a specific list of borrower criteria. However, most lenders expect loan applicants to submit documents related to the following requirements:

  • 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 your living situation: This is to determine if you are a permanent US citizen or resident. 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 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.

 

Hancock Whitney personal loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

$20,000

Term

3 months

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Hancock Whitney

Hancock Whitney personal loans

Hancock Whitney personal loans
Estimated Month Repayments
$584 Inclusive of fees
Interest Rate
3.25%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
1000
to $20,000
Go to site
All Hancock Whitney Bank loans and lines of credit offer competitive rates, flexible terms, and your choice of monthly due dates.
Featured
Wells Fargo

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

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
ECU offers extraordinary products & services that make life just a little easier.

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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 Hancock Whitney personal loans

Pros

  • Borrowing limit higher than those from other lenders
  • With or without collateral/security
  • Rate discounts on automatic payments
  • Debt protection plan available
  • Easy online application
  • Turnaround time in as fast as 1 business day

Cons

  • Cannot borrow lower than $10,000
  • APRs not revealed
  • Repayment term lengths not revealed
  • Applications are limited to those from Texas, Louisiana, Mississippi, Alabama and Florida
  • No information on minimum credit score and income requirement

Frequently asked questions

What can I use the Hancock Whitney personal loan for?

If you get approved for a personal loan from Hancock Whitney, the money can help you pay for large purchases or emergency expenses. Use it for almost any way you want – whether to start a business, settle your taxes, improve your credit, or pay off higher-interest debt.

Can I apply for a personal loan from Hancock Whitney if I have a low credit score?

Approval for a personal loan is based on your creditworthiness and proof of a stable income. If you have a low credit score, work to improve it so you can get the best deal that will help you achieve your financial goals.

How much can I borrow from Hancock Whitney?

You can borrow a minimum loan amount of $10,000.

Does a personal loan from Hancock Whitney have rate discounts?

Yes, there is a 0.50% APR discount for borrowers who set up automatic payments for their loans.

Can I submit my loan application online?

Yes

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Carla Soto
Carla Soto

Carla is a skilled copywriter at BestFind with a background in marketing and communications. She specializes in reviewing personal loan and finance products to help readers navigate the complex world of personal finance.

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