If you are looking for fast funding, it may be a good idea to look elsewhere. First Midwest also does not disclose on its website how long the loan funding process will take. While these are not the only states where personal loans are available, borrowers outside of these states do not have the option to visit a branch without traveling. However, First Midwest Bank might not be for you if you are looking for in-person service and do not live in Illinois, Indiana, Iowa or Wisconsin. It also has a documentation fee of $150, but this is lower than some origination fees you might find with other lenders. First Midwest Bank could be a great choice for borrowers looking to consolidate their debt, with APRs as low as 5.23 percent - quite low compared to the 10.3 percent average APR for borrowers with excellent credit as of December 2021. When trying to consolidate your debt, you want to find a personal loan that adds as little extra expense as possible. Its personal loans are available to borrowers in the following states: Arkansas, Colorado, Connecticut, Delaware, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Massachusetts, Minnesota, Missouri, Nebraska, New Hampshire, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia and Wisconsin.įirst Midwest Bank is best for debt consolidation It can be used to consolidate high-interest credit card debt or fund home improvement projects, weddings, vacations and unforeseen expenses. Its unsecured Express personal loan offers competitive interest rates and a flexible borrowing range. You can find First Midwest branches in Illinois, Indiana, Iowa and Wisconsin.Īuto loans, mortgages, home equity loans and personal loans are all available through First Midwest. ![]() First Midwest was founded right after the Great Depression and now has over 100 branches and $21 billion in total assets. What to do when you lose your 401(k) matchįirst Midwest Bank, headquartered in Chicago, is the third largest independent bank in Illinois. Should you accept an early retirement offer? How much should you contribute to your 401(k)?
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