Bank of America Personal Loans: Application Process & Loan Types

Bank of America personal loan is the option you can go for, if in need for financing. BOA is one of big lender nationwide, learn the application process to know about documents required before you apply to loan. Getting loan with bad credit is a bit difficult, however the loan approval guide below also cover this point. Bank of America is the American banking and financial corporation operating in the several countries.

It was founded in October 17, 1904 as the Bank of Italy by Amadeo Gianniniand then it was given the name of Bank of America later. Headquarters of the bank of America are in North Carolina, United States.

Bank of America Personal Loan

If you are thinking to borrow money from bank to meet your financial needs then you must think about the Bank of America personal loans. From the bank of America you can get the unsecured personal loan. The unsecured loan is the simplest and easiest way to get loan fast by giving fewer documents. The additional charges of loan are increased as the borrowing money is increased.

Other Personal Loans Options to get Some Finance:
Lending Club Personal Loans
Pave Personal Loan
PNC Bank Personal Loan
TD Bank Personal Loans


What You’ll Need to Apply for BOA Loans

If you want to get a personal loan from the Bank of America, then you have to give some of your documents to the bank. It will help the bank to find your previous job history and financial situation. If there is some another partner with you to borrow money, then they will also need to give the following documents:

  • You will require the two recent payslips.
  • You also need the bank statements of the last two months of your financial accounts.
  • Person must have the singed personal and business tax forms.
  • If you are self-employed then you have to give the copy of your recent profit/loss statement.

Loan Application Online for BOA Loans

You have to fill an application form to get the personal loan from the bank of America. You can get the personal loan application from the website of the bank of America This whole procedure can be completed online and takes less time. After the submission of this application form you will get your money early. You can get help by calling the customer service number 855-891-3401.

Types of Loan at bank of America

Bank of America is offering many other types of loan. These types are the alternatives of personal loan. Few of them are described below:

1-    Refinance Loan

If you are thinking to refinance your home, then you should apply for refinance loan. You can also use it as personal loan as well.

2-    Credit Card

If you do not require a larger amount than 0% credit card is the best option.

3-    Auto Loans

If you want to buy a car then you do not need the personal loan as bank of America is offering the auto loan. It has lower interest rates. So, it is the best option for you if you are looking to buy a car.

4-    HELOC

Home equity line of credit is the other good option for you. It has the good payments and low rate of interest.

You can get the information about all of these loan policies by visiting the website of the bank of America or by calling the customer service number.

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