First Community Capital - Personal Loan

Personal Loans

Up to $2,500 – Cover urgent expenses

build credit, or refinance high-interest debt with flexible terms. This loan is designed to foster your financial stability through flexible, supportive terms.

Loan Uses

  • Credit Builder Loans – Improve or establish credit with structured repayments.
  • Debt Consolidation Loans – Combine debts into one manageable payment.
  • Immigration Loans – Cover legal and application fees.
  • Emergency Loans – Affordable alternatives to payday loans.
  • Returning Citizens Loans – Financial support for re-entry and stability

Loan Terms & Conditions

  • Term: 12–18 months
  • Interest Rate: 6%–9.5% fixed
  • Application Fee: $0
  • Closing Fee: 0%–5% at signing
  • Amortization: Fully amortizing

Application Requirements

  • ID: Two valid forms (Driver’s License, Passport, etc.)
  • Loan Application: Completed and signed
  • Proof of Income: (Any of the following)
    • Bank statements (recent)
    • Paystubs / Employment verification
    • 1099, W-2, or Tax Returns
    • Pension, Social Security, or Rental Income Statements

Apply Now

Ensure all documents are clear and up-to-date for a smooth review process.
Basic Information
Loan Amount
Business Information
Financial Information

FAQ

What is the Personal Loan Application Process?

Applying for a personal loan involves a few crucial steps and requires gathering several important documents to ensure a smooth and quick approval process.

Step Description
Submit Application Application Submission: Fill out the loan application form accurately. Be thorough to avoid any unnecessary delays in processing.
Loan Officer Follow-Up Initial Review: A loan officer will review your application to verify the accuracy of the information provided. If there are any questions or additional information needed, the loan officer will follow up with you directly
Pre-Approval Credit Evaluation: After confirming that the submitted information is accurate, a credit check is conducted. Based on your credit history and the information provided, your application will be either pre-approved or denied. This decision is often supported by an automated system that analyzes your creditworthiness.
Gather Documents Document Submission: If pre-approved, you'll be asked to provide further documentation to support your application. These documents can typically be submitted electronically for convenience.
Loan Decision Verification and Review: The loan officer will verify your income and review the additional documents submitted. A final decision will then be made regarding your loan application.
Close Loan Finalization and Funding: If approved, you will sign the loan agreement. The loan amount will then be disbursed to your designated account. Repayment terms, typically involving monthly installments, will start as per the agreement.