How To Take Out A Loan With Bank Of America

Bank of america offers va refinance loans to existing bank of america home loan clients only.

How to take out a loan with bank of america. Whether you want to consolidate high interest debt or finance a major purchase you ll have to find another lender if you want to apply for a personal loan. 1 the small business administration and the department of treasury continue to provide additional guidance concerning the paycheck protection program. The two main types of mortgage are fixed rate and adjustable rate arm mortgages. Despite it being one of the largest financial service providers in the united states bank of america doesn t offer personal loans.

To find an alternative you can compare the companies below or read on to learn more about what loans bank of america does offer. Mortgages are often the largest loan that a person will ever take out so the loan can last for up to thirty years. Auto loan preferred interest rate discount of 0 25 to 0 50 is based on reward tier and valid only for enrolled preferred rewards members or preferred rewards for wealth management clients at the time of auto loan application who obtain a bank of america auto purchase or refinance loan. Bank of america doesn t offer personal loans unfortunately but you can request another loan from them such as a mortgage loan auto loans or even a business loan.

Another common option is to take out a credit card with a 0 introductory apr and use the line of credit to finance whatever you need to finance or pay off. While bank of america is one of the largest and most popular banks in the country taking out a bank of america personal loan isn t an option. Loan to value and cash out restrictions apply. Va funding fee applies except as may be exempted by va guidelines.

Back to content. Maximum loan limits vary by county.