Old national personal loans: 2022 balance sheet, rates

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Former National Personal Loans

Former National Personal Loan

Costs

$150 documentation fee, $10-15 late fee after 10 day grace period

Regular Annual Percentage Rate (APR)

6.99% to 25.00%

Old National Old National Personal Loan

Former National Personal Loan

Costs

$150 documentation fee, $10-15 late fee after 10 day grace period

Regular Annual Percentage Rate (APR)

6.99% to 25.00%

On the Old National website

Regular Annual Percentage Rate (APR)

6.99% to 25.00%

Costs

$150 documentation fee, $10-15 late fee after 10 day grace period

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Advantages and Disadvantages of Old National Personal Loans

Old National is best for borrowers who have excellent credit and can qualify for its lowest rate, which is highly competitive with other lenders. Borrowers looking to finance a home improvement project can also get a term of up to 84 months, which may be longer than that offered by some other lenders.

But borrowers will pay hefty fees when they borrow from Old National, and residents of 26 states won’t be eligible to take out a loan.

Comparison of old national personal loans

How Old National compares

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Editor’s note

2.25/5
A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star

Regular Annual Percentage Rate (APR)

6.99% to 25.00%

Editor’s note

3/5
A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star

Regular Annual Percentage Rate (APR)

8.99% to 35.99%

Editor’s note

3/5
A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star

Regular Annual Percentage Rate (APR)

7.99% to 35.99%

You will pay late fees with Old National Personal Loan and Best Egg Personal Loan, but not with LendingPoint. Old National personal loan fees range from $10 to $15, while Best Egg personal loan late fees are $15. Old National Personal Loan has a documentation fee of $150, which you pay when you take out the loan. The Best Egg personal loan origination fee ranges from 0.99% to 5.99% of your loan amount, and the LendingPoint personal loan origination fee can be as high as 6%.

All three lenders have similar loan amount ranges. At Best Egg, loan amounts range from $2,000 to $35,000, but limits may vary by state. Old National’s range is $2,500 to $35,000, and LendingPoint has a minimum of $2,000 and a maximum of $36,500.

See our Personal Loan Scoring Methodology »

Frequently Asked Questions

Old National is a Better Business Bureau accredited company with an A+ rating from BBB. The BBB is a nonprofit organization focused on consumer protection and trust, and ranks companies based on their response to customer complaints, truthfulness of advertising, and transparency of business practices.

The former National Bank was at the center of a recent scandal.

In 2021, Old National Bank agreed to provide more than $27 million in loans to black borrowers and majority black neighborhoods in Marion County to settle a lawsuit filed in Southern District Court. ‘Indiana accusing bank of discriminating against black applicants applying for home loans.

Although this is not directly related to its personal loan business, you may be uneasy with the company’s reputation. If so, another lender might be a better choice.

The interest rate varies between 6.99% and 25.00% for loans granted by Old National Bank. The higher your credit score, the more likely you are to qualify for a low rate.

About Judith J. George

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