Personal Loans

Personal Loans

Auto Loans

When it comes to auto loans, First Exchange Bank puts you in the driver seat. You choose the vehicle you want and we will set you up with a loan that fits your needs. You can also set up hassle free payments from your First Exchange Bank account. We have a relationship with many local dealerships, so you may not even have to leave the lot. Just ask about First Exchange Bank when you are ready to buy your new car.

*Subject to credit approval. Please contact your local First Exchange Bank for current interest rates.

Secured Loan

Utilize your savings account or CD at First Exchange Bank as collateral to help establish credit and maintain your savings account balance while still earning interest. This is a great way to get a loan at the best rate possible. Contact one of our loan officers today.

Unsecured Loan

Are you in need of a smaller amount of money to purchase appliances or home furnishings, consolidating bills, auto repairs or going on vacation? First Exchange Bank can provide you fast, local decision making for these types of requests with a Personal Loan with a term that is best for you. Contact your First Exchange Bank office today for more information.

Personal Credit Lines

We’ve been around for long enough to know that many of life’s major events don’t happen when you’re expecting them to. At First Exchange Bank, we work to make life’s complicated financial situations simple. A Personal Credit Line allows you to borrow only the money you need and use it to pay for what matters to you.

*Subject to credit approval. Please contact your local First Exchange Bank for current interest rates. First Exchange Bank is an Equal Housing Lender.

Mortgage Loans

We understand that your mortgage needs are as important as the needs in your new house. This is why First Exchange Bank offers a variety of home mortgage loans to help you get into your dream home.  Learn more about our mortgage loans or apply for a home loan.

Frequently Asked Questions

What is the difference between a secured loan and an unsecured loan?
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.

Why do people obtain personal 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.

How long does it take to get approved?
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.

Can I request a personal loan online or over the phone?
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.

What do I need to bring with me for a personal loan 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.