History of this bank goes back to 1874. Bank of West started from California. They started as farmers National Gold bank. Over the years they grew more and became one of the 10 banks who were authorized to issue paper currency backed by Gold reserves. In 1979 they changed their name to Bank of the West. Their name showed that they have desire to go beyond. It is one of the Nation’s largest bank having $75.7 billion in assets with wealth, commercial and business banking offices in 22 states.
As being the oldest bank they have astonishing expertise in financial services. Bank has many policies regarding credit and loans but they for personal one they have generate different policy depending upon the location and population according to their need and credit.
- Bank of the West offers two different types of personal loans
- Secured credit
- Personal unsecured loans (for emergency situations)
What is needed to Apply for Personal Loans in Bank of the West?
Bank of the West require different information and forms for their types of loans. Their loan applications changes according to the type of loan. But to apply for personal loan in Bank of the West following information is required:
- TTN (or taxpayer number) along with your social security ID
- Assets information if applying for personal line of credit
- Presently working (employment) for 2 years and income details
- Truth regarding the previous debts
If a client mentions ‘Subject to credit approval’ it is also noticed by the bank as it means that if client wants to get accepted by the bank’s personal loan and more importantly for credit line then the borrower should have handsome credit history with more credit score.
Bank of West Personal Loans Types
- Bank of west offers two types of personal loans
- Personal unsecured loans
- Personal secured loans
- Personal credit cards
Secured loans require an asset as collateral. These loans are easy to get approved. They have low interest rates and longer payback conditions. Bad credit is not an issue for these loans as they mostly focus on the collateral.
Personal Unsecured Loans
Unsecured personal loans offered by west bank start from $2000. They have competitive interest rates. Also these rates are fixed. They also provide the services of online banking. You can transfer funds online fast and free. These loans do not require any collateral. They just require a good credit history.
The application process for these loans is fast and easy. Your loan gets approved from within half a day to five working days.
Personal Credit Cards
West banks also offers personal credit cards. West banks personal credit card loan range from $5000 to half a million. These loans are easy to pay back. These loans are available to the borrower anytime they want. These loans are to be paid back on the payday of next month.
The good part of these loans is that you only have to pay the amount you borrow and nothing more.