Personal Installment Loans

Personal Loans Designed Around Your Life

At 1st Franklin Financial, we understand that life doesn't always go as planned. Whether you're facing unexpected expenses, consolidating debt, or planning a major purchase, our personal installment loans provide the financial flexibility you need with terms you can afford.

Since 1941, we've been helping families across the Southeast achieve their financial goals. Unlike payday lenders, we offer fixed-rate installment loans with predictable monthly payments that fit your budget.

Loan Features & Benefits

• Loan Amounts: $600 to $15,000 based on qualification
• Fixed Interest Rates: Your rate never changes throughout the loan term
• Flexible Terms: 12 to 48 months to match your budget
• No Hidden Fees: Transparent pricing with no surprises
• No Prepayment Penalty: Pay off early without extra charges
• Same-Day Funding: Get your money fast when approved
• Soft Credit Check: Apply without impacting your credit score

Premier Loans Through U.S. Bank Partnership

For qualified borrowers, our Premier loan program offers loans up to $10,000 through our partnership with U.S. Bank, often at lower interest rates than standard personal loans. Ask about Premier loans when you speak with your local branch representative.

What Can You Use a Personal Loan For?

Our personal loans can be used for almost any purpose (except post-secondary education, securities, business purposes, or gambling). Common uses include:

Eligibility Requirements

We consider more than just your credit score when reviewing applications. To qualify for a personal loan from 1st Franklin Financial, you'll generally need:

• Be at least 18 years old (19 in Alabama)
• Have a valid government-issued photo ID
• Proof of residence (utility bill or signed lease)
• Proof of income (pay stubs or tax returns)
• Social Security number
• Working telephone number

We work with customers across the credit spectrum, including those with credit scores as low as 500. Each application is reviewed individually by our experienced loan specialists who look at your complete financial picture, not just a number.

How to Apply for a Personal Loan

Getting started is easy with our streamlined application process:

1. Apply Online or In Person: Complete our simple application in minutes. There's no credit impact for applying.
2. Quick Review: A loan specialist will review your application and contact you, often within hours.
3. Visit Your Local Branch: Finalize your loan terms and paperwork with our friendly staff.
4. Get Your Funds: Once approved, you can receive your money the same day.