How do you apply for a loan from Beneficial Bank?


Quick Answer

Individuals who wish to apply for a home equity loan with Beneficial Bank may do so at the bank's website, by calling the bank or by visiting a local branch office. Individuals seeking a personal loan or new and used auto loan must apply at a Beneficial Bank branch office.

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Full Answer

The bank also offers time deposit and passbook secured loans to Beneficial Bank account holders, with no credit check and various terms available. Account holders with $10,000 or more in deposits with the bank or who agree to automatic deduction of payments from their Beneficial checking accounts may qualify for preferred loan rates with this bank.

Those seeking loans guaranteed by the federal government's Small Business Administration must also apply at local Beneficial Bank branch office. Loans offered through this program include real estate loans, with up to 90 percent financing for commercial properties, and business loans that provide operating capital, allow for new equipment purchases and refinance business debt.

Beneficial Bank offers customers a variety of accounts, including checking and savings options and special account packages designed to help those who wish to save up for short- and long-term goals. The bank features IRA and money market accounts for investors and foreign currency service for those who travel.

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