Old National Personal Loans: 2022 Review, Rates

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Old National personal loans

Old National Old National Personal Loans

Old national personal loan

fees

$150 documentation fee, $10-$15 late fee after 10 day grace period

Old National Old National Personal Loans

Old national personal loan

fees

$150 documentation fee, $10-$15 late fee after 10 day grace period

On the Old National website

fees

$150 documentation fee, $10-$15 late fee after 10 day grace period

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Pros and Cons of Old National Personal Loans

Old National is best suited for borrowers who have excellent credit ratings and can qualify for the lowest interest rate that is very competitive compared to other lenders. Borrowers looking to finance a home improvement project can also get a loan term of up to 84 months, which can be longer than some other lenders.

However, borrowers pay significant fees when borrowing from Old National, and residents of 26 states are not eligible to borrow.

How Old National personal loans compare

How Old National compares

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Editor’s Rating

2.25/5

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

Regular APR

6.99% to 25.00%

Editor’s Rating

3/5

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

Regular APR

7.99% to 35.99%

Editor’s Rating

3/5

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

Regular APR

7.99% to 35.99%

You pay a late fee at Old National and Best Egg, but not at LendingPoint. Old National’s late fee ranges from $10 to $15, while Best Egg’s late fee is $15. Old National has a $150 documentation fee that you pay when you take out the loan. Best Egg’s processing fee ranges from 0.99% to 5.99% of your loan amount, and LendingPoint’s is up to 6%.

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All three lenders have similar loan amount ranges. At Best Egg, loan amounts range from $2,000 to $35,000, but limits may vary by state. Old National ranges from $2,500 to $35,000, and LendingPoint has a $2,000 minimum and $36,500 maximum.

Check out our personal loan scoring methodology »

frequently asked Questions

Old National is a Better Business Bureau accredited company with an A+ rating from the BBB. The BBB is a non-profit organization focused on consumer protection and trust, rating companies based on their response to customer complaints, truthfulness in advertising and transparency in business practices.

The Old National Bank was at the center of a recent scandal.

In 2021, Old National Bank agreed to extend more than $27 million in loans to black borrowers and black-majority neighborhoods in Marion County to resolve a lawsuit filed in Southern Indiana District Court alleging the bank was accused of discriminating against black applicants when applying for home loans.

While not directly related to the personal loan business, you may be uncomfortable with the company’s reputation. If that’s the case, another lender might be a better choice.

The interest rate ranges from 6.99% to 25.00% for Old National Bank loans. The higher your credit score, the more likely you are to qualify for a low interest rate.

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