What You Need to Know
Amegy Bank offers an interest rate discount if you sign up for automatic withdrawals. The discount may vary depending on your loan and qualifications. To receive the discount, the money must come from an Amegy Bank checking account. Other linked accounts do not receive the discount for ACH payments.
Amegy Bank personal loans do not have an origination fee. The amount Amegy approves you for is the amount of money you receive. You do not have to use part of your loan amount to cover fees. There is also not a fee for paying your loan off early.
You can apply for a personal loan online with Amegy Bank, but to close the loan, you must visit a branch location. There you will sign the final papers and receive your check with the funds. You cannot completely open an Amegy Bank personal loan online.
The longest-term length for personal loans with Amegy Bank is 36-months. They do not offer longer repayment terms for personal loans. The highest loan amount is $100,000. Be sure you can pay back your loan amount in the maximum term of 36-months.
Qualifications to Apply for Amegy Bank Loans
- Annual Income: paystub required for loans >$15,000
- Job History: Verifiable
- Debt-to-Income Ratio: DOSCC
- Minimum Credit Score: DOSCC
- Credit History Length: DOSCC
- Credit Bureau Inquiries: DOSCC
- Bankruptcy History: DOSCC
- Past Loan Denial: >6 months
- U.S. Citizenship Required: Visit branch
- Required Age: 18
- SSN Required: Yes
- Valid Bank Account Required: Yes
Useful Information About Amegy Bank Loans
- Business Loans Offered: Yes
- Cosigner Loans Offered: Yes
- Joint Loans Offered: Yes
- APR Range: 7.64-17.49%
- Fixed Interest Rates: Yes
- Repayment Options: ACH, app, branch, check, online, phone
- Payments Due: Monthly
- Payment Methods Fees: No, but interest rate discount for ACH from Amegy checking account
- Smallest Loan: $2,500
- Largest Loan: $100,000
- Loan Term Lengths: 12-36 months
Additional Relevant Information
The loan amount Amegy Bank approves you for may depend on your credit history and score. When you apply for a loan, Amegy pulls your credit history and score. The amount Amegy approves for you depends on those factors. You may not be approved for the amount you apply for. The better the credit history, the higher the loan amount.
History and Achievements
Amegy Bank started in 1990. Walter Johnson wanted a better bank in Texas. He wanted a bank dedicated to the community that offered a good variety of products. With 135, they investors established the bank. The bank started with one branch and $50 million in assets.
In 2005, Amegy Bank became part of Zions Bancorporation. They now have branch locations across Texas. Today, Amegy Bank has over 1,600 employees and 75 locations in Texas. They have over $12 billion in assets.
Frequently Asked Questions
Can I apply for a loan entirely online?
No. You can start your application online. To close the loan, you must visit a branch location. There you will sign the documents and receive your money.
What is the lowest my credit score can be?
Your loan approval depends on more than just your credit score. Other factors include credit history, debt, and income. Your loan amount may depend on your credit score and history.
What is the smallest loan amount available?
The minimum loan amount is $2,500.
What is the largest loan amount available?
The maximum loan amount is $100,000 if you qualify.
What are the loan term lengths?
Loan terms range from 12 to 36-months.
Are the interest rates competitive?
Yes. The interest rates for Amegy Bank offer competitive interest rates. Even the highest rate for a personal loan is lower than other online lending companies. The interest rate you receive depends on your qualifications.
Are the interest rates fixed?
Yes. Amegy Bank offers fixed interest rates for the life of the loan.
What types of loans are available?
They offer CD secured, recreational vehicles, auto, and unsecured personal loans. They also provide a signature line of credit and a home equity line of credit. You can use personal loans for household needs, expenses, or other needs.
What information do I need to apply for a loan?
Amegy Bank requires basic personal information, including name, birthday, address, and phone number. They will verify your SSN, email, employer, occupation, and banking information. Other information may be necessary, depending on your application.
How long does approval take?
Most customers receive an email within minutes of their approval status. Approval may take one to two business days if Amegy needs more information.
How long will it take the money to enter my account after approval?
When you sign the papers to close on your personal loan, you will receive your money in the form of a check. You can set up automatic withdrawals at your loan closing.
If I have been denied a loan before, how long do I have to wait to apply again
Amegy Bank suggests waiting at least six months before reapplying. You can apply with a cosigner if you feel that would help your approval.
What are the payment options to repay my loan?
Amegy offers an interest rate discount for making automatic withdrawal payments. The payments must come from an Amegy checking account. You can make payments over the phone, online, with a check, or at a branch location.
Can I pay my loan off early?
Yes. There is not a fee for paying your loan off early.
Is my information secure?
Amegy Bank security measures comply with federal laws. Their computers have safeguards. Their buildings and files are secure. Amegy Bank limits the personal information employees can see about customers.
Does this loan company offer a mobile app?
Yes. With the mobile app, you can turn on account alerts and make payments.
How do I contact customer service?
Through phone, email, mail, or by visiting a local branch location. You can follow Amegy Bank on Facebook, LinkedIn, Twitter, and YouTube.
Bank Contact Information
Amegy Bank
P.O. Box 4837
Houston, TX 77210-4837
800-287-0301
