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First Premier Lending Reviews

7.1

bestfor-icon Easy short-term personal loans

angelawatson
Written by Angela Mae

About First Premier Lending | Read More

7.5

LS Score

6

Credibility

6

Support

9

Accessibility

Visit Site
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Contact Information Contact Information drop-down-btn
  • (855) 999-7852
  • Headquarters: Net Media1, LLC 2093 Philadelphia Pike, Suite 1422 Claymont, DE 19703
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First Premier Lending Personal Loans Review

7.1

As a marketplace, First Premier Lending connects borrowers with direct lenders offering personal loans ranging from $100 to $20,000. Repayment terms, rates, and eligibility requirements vary by lender. However, many of the marketplace’s partner lenders will provide loans to borrowers with limited income and credit history.

First Premier Lending Personal Loans Highlight

580

Min Credit Score

5.99-35.99%

APR. Fixed Rate

5.99-35.99%

APR. Variable Rate

$100-$20K

Loan Amount

2-72 months

Repayment terms

Yes

Soft Credit Pull

Marketplace

Lender Type

Yes

Other Fees

None

Origination Fee

None

Prepayment Fee

1 days

Funding Time

Pros & Cons

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  • con-icon Unsecured personal loans ranging from $100 to $20,000
  • con-icon Lenders may work with borrowers with limited or poor credit and income
  • con-icon Member of the Online Lenders Alliance (OLA)
  • con-icon Receive funds in as little as one business day
  • con-icon Exact loan terms, rates, and requirements aren’t available until you apply with a direct lender
  • con-icon Very few reviews on trusted sites like BBB or Trustpilot
  • con-icon Limited customer service options

Loan Purpose

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  • Credit Card Refinance
  • Debt Consolidation
  • Home Improvement
  • Major Purchase
  • Relocation
  • Vacation
  • Wedding

Loan Type

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  • Unsecured Personal Loans
View Rates

First Premier Lending Personal Loans Terms & Requirements

Through one of First Premier Lending’s partners, it’s possible to borrow anywhere from $100 to $20,000 in a personal loan. This is somewhat lower than what you could get with other online marketplaces or direct lenders.

Borrowing amounts, rates, and terms depend on the lender and the applicant’s credit score and income. The funds are typically available quickly — within one business day, in many cases — and can be used for nearly any purpose.

How to Apply

To begin the process, head to First Premier Lending’s main page and select how much you want to borrow. There are eight options, starting from “$100 to $500” and going up to “$15,000 to $20,000.” Choosing an option will begin the secure, SSL-encrypted loan request process.

Next, you’ll need to select what you plan to use the loan funds for. After choosing an option from the list, you’ll need to provide a valid email address and consent to their terms and conditions. You’ll also need to agree that you are at least 18 years of age and a US resident or citizen.

From there, input the following information:

  • ZIP code
  • Street address
  • First and last name
  • Whether you currently rent or own your home
  • Date of birth
  • Whether you’re currently employed
  • Income (before taxes)
  • How you’re paid and how often
  • Whether you’re active-duty military
  • Phone number

You’ll also need to provide an estimate of what your credit score is. Options include “not sure,” “poor,” “fair,” “good,” and “excellent.” Along with this, you’ll need to answer whether you have $10,000 or more in unsecured debt and if you have a registered vehicle in your name.

Other information you’ll need includes your SSN, driver’s license or state ID number, and time at your current residence. If currently employed, you’ll also need to provide your employer’s contact name and phone number.

first-premier-lending-homepage
Homepage

Welcome screen

The entire process takes a few minutes. It might take longer if you need to provide additional information or validate your information.

After you’ve completed First Premier Lending’s process, you’ll reach a confirmation page and be redirected to your potential lending page. You can them complete the formal loan application and, if approved, wait for funding.

Qualification Requirements

  • 18+ years old
  • US citizen or permanent resident
  • Valid bank account
  • They ask for your credit score, but there are no specific credit score requirements
  • Must have a regular income or receive $1,000+ a month in benefits, alimony, etc.
  • Existing checking or savings account required

Required Information

To qualify for a loan, you must have regular income, be 18 years of age or older, and be a U.S. citizen or resident with a valid SSN. You must also have a valid U.S. driver’s license or State ID number and a bank account in your name for direct deposit.

Some lenders will have additional credit score, income, or debt-to-income ratio requirements. You may also need to be a resident of a specific state to qualify for a loan with specific lenders in the network.

Application Steps & Time Frames

  • The loan request process is entirely online and takes about five minutes to complete.
  • Once completed, you’ll need to apply for a personal loan through a partner lender. This also takes a few minutes or so, on average. You could receive funds within one business day of approval. This is standard for online lenders.

State Availability

- Available in all states

angelawatson
Written by Angela Mae

Angela Mae is a personal finance writer specializing in loans, debt management, investing, retirement planning, and financial literacy. She comes from a journalistic background and pulls from hands-on experience and deep-dive research to breathe life into her stories. Her goal is to help others achieve financial stability and independence. When not writing, she can be found traveling, honing her yoga skills, hiking, or exploring new means of healthy, sustainable living.

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FAQ’s

Do you need a bank account to qualify for a personal loan?

Yes, you must have either a savings or checking account so a lender can deposit funds into your account.

How long does the entire process take?

The loan request process takes a few minutes to complete. Once approved for a loan, you could receive funds within one business day. This will vary by lender, though.

Do you need to have a job to receive a loan?

Not necessarily. Some lenders will require you to be employed, while others offer loans to applicants who earn at least $1,000 a month in some kind of income (ex. retirement).

Customer Support

You can contact First Premier Lending via their customer service phone number: (855) 999-7852. Or you can send them a message through an online form found under their FAQ section. On the FAQ page, click “How can I contact a representative?” and select “Click here.” This will prompt you to input your name, email, and comments or questions.

First Premier Lendingwill respond to phone and written inquiries, but the timeline varies. Generally, you should receive an emailed response within a few business days. If you need a faster response, you might need to call them. There is no time limit promise for when they will reach out or respond, however.

Since First Premier is a marketplace, they suggest that you contact the lender you’re working with if you have any questions regarding your short-term loan. If you have questions about their services that aren’t answered on their FAQ page, you can contact First Premier directly.

First Premier Lending does not have a significant online presence. This also means that they do not have a clear Trustpilot or BBB page.

Privacy & Security

First Premier Lending has a dedicated privacy policy that clearly indicates the information they collect and how they use it. The marketplace states that they automatically collect information from people who fill out their forms or use their website. As part of this policy, 1st Premier may share some of this information with their affiliated loan providers, who might contact you about their services or products.

This company also has security measures in place to protect consumer data. As an online company, your information may not be 100% secure. However, 1st Premier does make every effort to prevent data breaches. They will also notify customers via email if a breach does occur.

1st Premier is not responsible for customer privacy once they leave their site or apply for a personal loan with a partner lender. Review any direct lender’s policies before sharing personal, financial, or credit information with them.

In Conclusion

If you’re looking for an online marketplace for short-term personal loans, First Premier Lending could be a good option to consider. They have an easy-to-use loan request process and can help you find personal loans quickly through their partner lenders. They also have a fairly comprehensive FAQ page with information about the process, as well as how to repay your loan once you get it.

However, there is limited information about First Premier online. There are also few reviews about them. Besides this, the customer support is limited, especially once you leave their site and start the lending process with a direct lender.

Brand Disclaimer

THE OPERATOR OF THIS WEBSITE is a for-profit advertising network. We receive compensation, in the form of referral fees, from lenders, aggregators, credit repair services, or other offers that we direct you to. Therefore, the amount of compensation provided, along with other factors, may impact which offer you are presented. The offer you receive may be coming from the company that bid the most for your information. The operator of this website does not always provide you with an offer with the best rates or terms. Our website does not include all companies or all available offers. We encourage you to research all available loans options for your situation.

* The operator of this website does not broker loans to lenders and does not make cash advances or credit decisions. This Website does not constitute an offer or solicitation to lend. This site will submit the information you provide to a lender. In some cases, you may be given the option of obtaining a loan from a tribal lender. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender, please understand that the rates and fees may be higher than state-licensed lenders and you may be required to agree to resolve any disputes in a tribal jurisdiction. Additionally, your information may be going to an aggregator and not a lender. Your information can be sold multiple times leading to multiple offers from lenders, aggregators, and other marketers. Providing your information on this Website does not guarantee that you will be approved for a cash advance. The operator of this Website is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. Not all lenders can provide up to $20,000. Cash transfer times may vary between lenders and may depend on your individual financial institution. In some circumstances faxing may be required. This service is not available in all states, and the states serviced by this Website may change from time to time and without notice. For details, questions or concerns regarding your cash advance, please contact your lender directly. Cash advances are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long term solution. Residents of some states may not be eligible for a cash advance based upon lender requirements.

** Lenders may perform credit checks with the three credit reporting bureaus: Experian, Equifax, or Trans Union. Credit checks or consumer reports through alternative providers may be obtained by some lenders.

ANTI-SPAM POLICY: We strictly prohibit any reference or advertisement of our brand and web site using unsolicited email messages. Violation of this policy will cause partnership termination and further actions permitted by the law. If you feel you have been sent unsolicited messages promoting our brand or website and would like to register a complaint, please refer to our Privacy Policy. We will investigate all complaints and take necessary action.

Loan Example: A $10,000 loan with a 5-year term at 13% Annual Percentage Rate (APR) would be repayable in 60 monthly installments of $228 each. The actual payment amount and year-end balance will vary based on the APR, loan amount, and term selected. In this case the total amount expected to pay by the borrower will be $13,680