1st Franklin Financial Loans in Huntsville (AL)

1st Franklin Financial Loans
This page provides a detailed overview of all 1st Franklin Financial loans in Huntsville (AL), including lending terms, interest rates and customer reviews. Compare offers and choose the best loan product for your needs.
Offers: 1
Rating by Finanso®

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(20 Ratings)
Recommended FinScore™

Interest rate

to 35.99 %

Loan term for the financial product

1 years – 60 months

How to Apply for a 1st Franklin Financial Loan in Huntsville (AL)?

  1. Visit the Website. Go to the official website and click on the "Apply Now" button prominently displayed on the home page.

  2. Fill Out Application. Specify the amount you wish to borrow and the purpose of the loan. Enter your zip code to find the nearest 1st Franklin Financial branch. Fill in the required personal information, including your name, address, and contact details. Provide your employment information and any additional income details. Submit the application form online.

  3. Wait for a Decision. Wait for a response from 1st Franklin Financial. You may be contacted for additional information or to discuss your loan and options.

  4. Visit the Branch. To complete the application process and discuss your loan options with a representative.

  5. Get Funds. Once approved, receive your funds as instructed by the loan representative.

Conditions and Requirements


  1. Loan Amount. 1st Franklin Financial offers personal loans up to $15,000. The amount you are approved for depends on your creditworthiness, income, and other factors.

  2. Interest Rates. Interest rates on personal loans from 1st Franklin Financial can vary depending on the customer's creditworthiness and state. The maximum APR for its loans is 35.99%.

  3. Fees. The company may charge fees for certain services, such as late payments or returned checks. These fees can vary depending on the state.

  4. Credit Score Requirements. 1st Franklin Financial may have credit score requirements that you must meet to qualify for a loan. The specific requirements may vary depending on the loan amount and other factors. Typically, usually not lower than 580.

  5. Collateral. Personal loans from 1st Franklin Financial are unsecured, which means that you do not need to provide collateral to secure the loan.


  1. Residency and proof of Address. You must be a resident of one of the states in which the company operates, including Alabama, Georgia, Kentucky, Louisiana, Mississippi, South Carolina, Tennessee, Texas, and Virginia.

  2. Age. You must be at least 18 years old to apply for a loan from 1st Franklin Financial.

  3. Income. The company will also review your income and employment history to ensure that you have a steady source of income to repay the loan.

  4. Identification. You will need to provide a valid government-issued ID, such as a driver's license or passport, to verify your identity.

  5. Military Lending Act (MLA) Compliance: Active-duty military personnel, their spouse, or dependents covered under the MLA may not pledge a vehicle as collateral, and loans for MLA covered borrowers may not be available in all states.


Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.

  2. Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.

  3. Carefully review all the terms and conditions of your payday loan contract.

  4. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.

  5. Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.

  6. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.

Additional Resources

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