Personal Loans

Looking to purchase a car? Consolidating debt? Home improvements? Whatever the need, First Exchange Bank has a variety of personal loans to meet your needs. Talk face to face with a loan officer at any of our convenient locations in Mannington, Morgantown, Fairmont, Fairview, Hundred, or White Hall locations, today!

Frequently Asked Questions

Secured loans have something of value attached in the form of collateral. In the event that a customer does not repay the loan, the Bank would then repossess the collateral. Common collateral items are automobiles, land, or bank certificates of deposit and savings accounts. Unsecured loans are not secured by collateral and they generally have a higher interest rate than secured loans.

Personal loans can be used for almost anything. Commonly, people use them to purchase an automobile which is a secured loan. Other purposes are for weddings, vacations, and consolidation of credit card debt at generally lower rates.

It generally depends on the amount and type of the personal loan. Many of our lenders can make a loan decision just after taking application. There are circumstances where additional approval may be needed and in such cases the Bank tries to make a loan decision within 24 hours.

Unfortunately, we cannot take personal loan applications over the phone or online. We have Loan Officers in our Fairmont, White Hall, Mannington, Morgantown and Hundred locations who can take a loan application in person. Often times, it is best to call and make an appointment but if the Loan Officer is available, we do our best to accommodate walk-ins.

We do offer an online application for our mortgage loans which are secured by the borrower’s residence. Please click here to obtain more information regarding our mortgage loans and begin the process of completing an online application.

All persons on the loan must be present at the time of application and bring with them proof of income (such as bank statements with direct deposits, pay stubs, etc.) and a valid ID. For a secured loan, you would need to also bring documentation of ownership.

Get A Personal Loan Today

Whether you’re purchasing a vehicle, consolidating debt, saving for a dream vacation, or making any other purchase, First Exchange Bank can help. Contact a lender or visit the location nearest you to find the right personal lending options.

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