Express Loan FAQs

A personal loan is money granted to an individual without the requirement of collateral. Personal loans are based on the borrower's creditworthiness and ability to repay. Personal loans typically cover a smaller amount of money than secured loans.  Unlike, Secured loans that require assets --such as cars or houses-- to secure the loan, personal loans are unsecured. This means there are no specific assets the lender can take if the borrower can't pay back the loan. 

An Express Loan is a personal loan designed for current Academy Bank clients. Express Loans range from $250 to $15,000. Individuals with low credit scores are considered as long as they have a satisfactory account relationship. Express Loans are ideal for your various financial needs, including: debt consolidation, home improvement, medical expenses, emergencies, moving expenses, and more. 

Applying for a personal loan is as simple as hopping on the Academy Bank website, opening the Express Loan page, and clicking the Apply Now button.  This will take you to the online application. Or, if you prefer, you can go into a local branch to complete the application process. *Origination fee applies.

Clients can get between $250 to $15,000 with a personal Express Loan from Academy Bank. It all depends on what you qualify for. 

Your application will be subject to credit approval.  An origination fee will apply if your loan application is approved.  Funds from an approved loan application are directly deposited into an Academy Bank checking account.  Academy Bank offers several different checking accounts to choose from.  *Closing new accounts within 90 days of opening will result in a $20 early closure fee.