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Regions Personal Loans Calculator & Overview

Updated 10 Aug 2023

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Regions Financial Corporation was established in 1971 and is based in Birmingham, Alabama. Regions Bank holds almost $150 billion in assets and has 20,000 employees. They provide a full range of financial services like free checking accounts, VISA credit cards, competitive loan rates, mobile banking, and high-yielding CDs.

The ideal personal loan for you will be determined by the loan size and purpose as well as your capacity to pay. Do you want to be certain that a personal loan from Regions Bank is the best option for you? View possible repayments using the Regions Financial Corporation personal loans calculator.

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 Regions personal loans

Before taking out a loan from Regions Financial Corporation, find out about its features and benefits. This will help you compare it with those from other lenders. The list below will show if they correspond to what you’re looking for in a personal loan:

Read on to find out about the key features and benefits of a Regions personal loan:

Loan amounts: minimum $2,000; maximum $30,000 for first-time applicants and $50,000 for existing customers
Loan terms: between 24 and 60 months
Loan processing fee: $0
Late payment fee: 5% of the unpaid loan amount or $100, whichever is less
Interest rates: from 8.99% to 29.99% APR

Requirements for a Regions personal loan

You are qualified to apply for a personal loan at Regions if you:

Are are at least 18 years of age
Are a US resident
Have proof of capacity to pay
Have good credit history
Have good debt-to-income ratio

Potential applicants of a personal loan from Regions Bank has to go through this process:

Open an online account.
Input your personal and financial information, such as your Social Security number (SSN), address, income, and loan amount.
Allow Regions Bank to perform a soft credit inquiry, which has no impact on your credit score.

Regions 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

Regions personal loans

Estimated Month Repayments

$597 Inclusive of fees

Interest Rate

4.74%
APR

Repayment Period

12months
to 60 months

Loan Amounts

$2,000
to $50,000

Go to site

Our knowledgeable, experienced professionals will help you find just the right loan for you, then you'll enjoy award-winning customer service whether at a branch, online, over the phone, on Facebook or Twitter, or even at a VTM.

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

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 Regions Bank personal loans

Pros

Lower rates compared to those from other lenders
No collateral required
Quick pre-approval
No impact credit check
Same day funding
Easy online application process
Borrower criteria and requirements are listed

Cons

Rate discounts are available for loan amounts of $5,000
The lender charges a fee for late payments
New customers can only apply at a branch or by phone

Frequently asked questions

How much can I borrow from Regions?

You can borrow a minimum amount of $2,000. Existing customers are qualified to receive as much as $50,000 while non-customers can be eligible for up to $35,000 from Regions.

How long should I repay a personal loan from Regions?

Regions offers personal loan terms between 24 and 60 months (from 2 to 5 years).

How much does Regions charge for its personal loans?

The personal loan rates from Regions are between 8.99% and 29.99% APR.

How quickly can the money be disbursed to my account?

Qualified borrowers can get their money within 1 business day of applying for a Regions personal loan.

If I have a low credit score, will I still be eligible for a loan from Regions?

Approval for a Regions personal loan is based on your creditworthiness and proof of capacity to pay. 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.

Is there a rate discount for auto-payments made on a Regions personal loan?

Yes. Regions provides a 0.25% rate discount for automatic payments on personal loans.