Residential Mortgages
Purchase, refinance or cash-out… your home is important. Regardless of your need, we have the answer. Our lenders specialize in offering suitable products and competitive pricing.
Construction Lending
Whether you’re planning to build your dream home or just thinking about it, Evolve Bank & Trust can help. We can answer your questions and guide you through the loan process. Evolve will be with you every step of the way from framing your front door to turning the key when you move in.
Home Equity Lines of Credit (HELOC)
Debt Consolidation, Tuition, Purchasing a New Home, Refinancing, Investing — No Problem! Evolve Bank & Trust offers revolving lines of credit and fixed rate mortgages. With competitive rates and flexible terms, you can access the equity in your home and your interest may be tax deductible.*
*Consult your tax advisor.
Automobile Loans
Drive in and drive out! Evolve Bank & Trust will make your car buying experience even easier. With competitive interest rates and flexible terms, Evolve wants to be your bank.
What Is a Personal Loan?
As the name says, a personal loan is a type of loan designed for personal financial use. If approved, you can use the funds from personal loans for practically any purpose, including debt consolidation, medical costs, large purchases, and vacation costs.
Sometimes referred to as installment loans, personal loans are generally paid back in installments over a predetermined period of time. Eligibility requirements and annual percentage rates for personal loans can vary depending on specific lender criteria.
General lender requirements typically include the following.
Credit Score Requirements
In general, most lenders require potential borrowers to meet a minimum credit score. However, it’s important to note that lenders may allow for lower credit scores based on loan amounts and specific underwriting criteria. Your lender will also pull your credit report to review your overall credit history.
Proof of Income, Bank Account and Employment
When applying for a personal loan, a borrower must provide verifiable proof of income and hold a bank account in their name. Most lenders also require proof of employment, but you may also qualify if you receive benefits or another form of recurring income.
Verifiable Documentation
During the personal loan application process, you’ll also have to provide documentation with your legal name, state, country of residence, and age. In most cases, a borrower must be at least 18 years of age to legally apply for a personal loan.
What to Consider When Applying for a Personal Loan
There are several things to consider before applying for a personal loan. Start by calculating the specific amount of money you need to borrow. Consider your income as well as any current bills and debts to ensure you can make the required loan payments.
At Evolve, we offer personalized support to guide you through every step, ensuring you’re making informed decisions.
With a commitment to customer satisfaction and competitive rates, we stand out as the lender of choice. Trust Evolve to provide the financial solutions you need, backed by decades of experience and a dedication to your success.
