Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

4.3
(20 Ratings)

Apply For 1st Franklin Financial

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How to apply

Requirements

The major requirements the company has for its customers are similar to other states. The applicant should be a resident of Alabama, Georgia, Kentucky, Louisiana, Mississippi, South Carolina, Tennessee, or Texas to apply. Also, customers should be at least 18 years old (19 in Alabama) and prove their stable source of income.

To be considered for a loan, 1st Franklin Financial currently requires a minimum credit score of 500. Naturally, the lower your credit score, the higher your interest rates. Even in the case of having a low credit score, it is an opportunity to take out a loan confirming the capacity to pay with any collateral.

If you meet all requirements, 1st Franklin Financial can lend you money for more than 15 purposes, including past-due bills and legal or bond fees.

If you do not meet any of the general requirements mentioned above, your application can be rejected.

Application details

The list of documents that customers should attach to their applications is variable. Applicants can choose what suits them best.

1st Franklin Financial Corporation workers will need to validate your identification first. To do so, they will require two pieces of identification proof from the list below.

  • Driving Permit,

  • State ID,

  • Social Security Card,

  • Passport,

  • Birth Certificate.

They will also need to validate your address in order to finish the loan application procedure. When you visit a branch, bring one of the documents listed below to confirm your address.

  • Voter Registration,

  • Card Mortgage Statement,

  • Lease Contract,

  • Utility bill.

Also, they will need to confirm your income. Submit one of the documents listed below so that they can finalize the loan amount you will be eligible for.

  • Paystubs,

  • Bank Statements or Bank Records,

  • Tax Returns, or W-2,

  • Government Documentation,

  • Employer Income Verification in Writing.

Additional documents may be required If someone pays all or part of responsibility in your name or if your credit score falls below their minimum, and they will request additional collateral.

There are three main ways of taking out a First Franklin loan:

  • At 1st Franklin Financial official branch;

  • Via Phone, calling your local branch;

  • Online application via 1st Franklin Financial's official website

Two first options are for those who need immediate assistance.

To complete the application process online, click on the "Apply now" button, fill the "Borrow amount" field, enter your address and select the nearest branch to visit. After that, your loan application will begin, and it will take about 10 minutes. You must have the following information on hand for both yourself and your co-applicant (if applicable): Social Security Number, your mailing address and phone number, and your earnings information. It is also possible to save and resume the application later.

To apply for a loan with 1st Franklin Financial, you must first pass a screening that determines how much you want to borrow and where you live. Following that, you must choose a local branch, and the online section of the application takes approximately 10 minutes to complete.

According to 1st Franklin Financial, loan applications might be approved as soon as the next day. Weekend applications will not be reviewed until the following Monday, and responses will be sent promptly after they are reviewed.

After visiting one of the various branch locations, funding will be sent to a customer's bank account. It is likely that funds will be transferred to your bank account until the next day or later.

FAQ

Does First Franklin report to credit bureaus?

Yes, customers of 1st Franklin Financial Corporation will have their information submitted to a major credit bureau.

Do First Franklin loans require a credit check?

Yes, First Franklin loans require a credit check. The minimum credit score to qualify is 500. If you do not meet the credit criteria, you can take out a loan secured with any collateral. 

How long does it take First Franklin to approve an application?

According to 1st Franklin Financial, loan applications might be approved as soon as the next day. Weekend applications will not be reviewed until the following Monday, and responses will be sent promptly after they are reviewed.

Financial products
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

4.26
(20 Ratings)
Recommended FinScore™
0
300
650
1000
$3,000-$25,000
Rate
i

Effective interest rate on the product

to 35.99 %
Term
i

Loan term for the financial product

1 years – 60 months
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1st Franklin Financial calculator
Interest rates are given in accordance with the rates of the 1st Franklin Financial of 23.05.2024
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All 1st Franklin Financial’s reviews by may 2024
Leave feedback
4.8
Advantages
A single phone call and a bit of information led to my approval. 1st Franklin Financial had everything ready for me to sign, making the process exceptionally easy.
Complain
4.6
Advantages
I received an unsolicited $1,400 loan check in the mail from them, with no prior application or documentation. I've been consistently making payments for six months, always ahead of the due date. Now, facing a medical emergency and needing $350, I was told I must complete an online application and provide certain documents in person. It feels like my status as a loyal customer has been overlooked. While I appreciate their friendly demeanor, I'll proceed with paying off the loan as agreed, even though I'm left somewhat perplexed by the situation.
Complain
4.6
Advantages
They provided me with an opportunity to improve my credit, and the staff members were genuinely friendly and supportive. Such positive and helpful service is increasingly rare these days.
Complain
4.4
Advantages
The staff was not only friendly but also very helpful. The process at their office was efficient and didn't take much time. I would highly recommend the services if you're looking for assistance in finding a loan that suits your needs.
Complain
4.6
Advantages
I made a phone call to them, and within minutes, they had approved my request, which was a chance nobody else was willing to provide. They were exceptionally kind and helpful.
Complain
4.6
Advantages
I've had a fantastic three-year experience with this company, and they've been incredibly helpful. When I faced a difficult period in my life, they provided assistance without judgment, understanding my situation, and guiding me every step of the way. I highly recommend them for your financial needs.
Complain
4.6
Advantages
Whenever I require their services, they are consistently willing to assist me. I want to express my gratitude to 1st Franklin Financial for their support and services; it is greatly appreciated.
Complain
1.8
Disadvantages
I attempted to create an online account, but it repeatedly indicated an error with my email address. However, my email address is functioning correctly, as I've been receiving emails from 1st Franklin and have already verified it.
Complain
5
Advantages
I've been a customer of 1st Franklin Financial for a considerable period. The entire team is exceptionally friendly and consistently helpful. I wholeheartedly recommend their services to anyone in need of a loan.
Complain
4.6
Advantages
This loan company is a viable option for obtaining a loan, although the interest rates may be somewhat on the high side. Nevertheless, they do show flexibility in working with you and assist in securing a loan. In general, it's a solid choice for borrowing funds, as the staff is friendly, helpful, and always ready to provide the assistance you require.
Complain
Overall company rating
4.3
/ 5
20 reviews
Execution of an application
4.4
Support service
4.3
Mobile app
4.3
Service quality
4.2
Your satisfaction level
4.2
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