1st Franklin Financial Review: Is It Reliable?

1st Franklin Financial Review

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1st Franklin Financial has been providing quality financial solutions for 75 years, with over 320 branches across the southeast. Customers can visit a branch or its website, 1ffc.com, to learn more about the company, view its products and services, and apply for a loan. It is a reliable and trusted resource for families and those looking for financial assistance.


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1st Franklin Financial Overview

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Before choosing a loan, research 1st Franklin Financial as they offer competitive rates, flexible repayment, flexible terms throughout, and quick approval times. Compare their rates and terms with other lenders to make sure you’re getting the best deal.

Upon analyzing the details of their website and the related documents, certain features of their services became apparent. The following are the features that we noticed:

  • Fees and interest rates vary by state, but the maximum APR is 21.99%. 
  • There are repayment terms of 18, 24, 36, 48, and 60 months available.
  • There is a maximum loan amount of $15,000 offered by 1st Franklin Financial.
  • The availability of premier loans is limited to current and former customers, for a limited period of time. 
  • Education or vocational training expenses, purchase of securities, gambling, or illegal activities are not eligible for loans from 1st Franklin Financial.

What Is 1st Franklin Financial?

1st Franklin Financial Corporation is an experienced financial services provider based in Toccoa, GA that specializes in providing affordable loans and great customer service. Call (706) 886-7571 to find out more.

1st Franklin Financial has an A- rating from the Better Business Bureau, but customer reviews have resulted in a 1.5-star rating out of 5. This suggests that customers are not satisfied with the quality of their experience and the company should look into improving customer service.

The 1st Franklin Financial Process: How Does It Work?

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1st Franklin Financial is a lender with branches in six states – Georgia, Alabama, South Carolina, Mississippi, Louisiana, and Tennessee. Georgia has the most branches (110) while Tennessee has the most branch at least (21). This allows individuals and families in these states to access 1st Franklin Financial’s personal loan services.

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1st Franklin Financial offers fast loan approval times, with decisions possible as soon as the next day. Applications submitted over the weekend will not be reviewed until the following Monday, but responses will be sent shortly after the review is complete.

1st Franklin Financial’s Qualification Process

1ˢᵗ Franklin Financial offers an easy application process with friendly customer service. Click “Apply Now” online and a staff member will be in touch. The loan decision will be made at a local branch office visit taking into account credit, payment, and payment ability.

Apply for a loan and you could have the money you need as soon as the next day. Some applications for funds can even be approved within a few hours, so be sure to submit your application as soon as possible.

1st Franklin Financial Reviews By The BBB

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1st Franklin Financial has earned an A- rating from the Better Business Bureau, based on 18 customer reviews and 63 complaints from businesses closed in the last 3 years. The company has received a 1.5-star rating on the BBB website, indicating some customer service issues, but also that the company has taken steps to address customer complaints.

1st Franklin Financial FAQs

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Can you tell me how much 1st Franklin Financial charges?

1st Franklin Financial provides personal loans with APRs of up to 21.99%. Loan terms of 18, 24, 36, 48, and 60 months are available, and fees and interest rates vary by state.

For example: For a loan of $3,650 with a 36-month repayment period, an interest rate of 19.81%, a $109.50 origination fee, and an APR of 21.99%, the borrower will make 36 monthly payments of $139.37.

Is there a penalty for prepayment?

Personal loans from 1st Franklin Financial come with no hidden fees – including no prepayment penalty for borrowers who want to pay off their loan before the end of the term. In addition, personal loans have fixed rates and payments, so you’ll always know what you’re expected to pay.

What is the impact of 1st Franklin Financial on your credit score?

It’s important to understand the process and how your credit score may be impacted before applying for a loan.
Most lenders will perform a soft credit check initially, which won’t affect your credit score. However, once you decide to proceed with the actual loan application, the lender will need to do something called a hard credit inquiry to get a full view of your credit history and offer you final rates. These hard inquiries will lower your credit score.

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Is it possible to cancel 1st Franklin Financial?

Before taking out a personal loan, make sure you are confident in your decision. You will not be able to change or undo the transaction once the funds have been deposited into your bank account, so double-check the details beforehand to avoid any complications later on in life.

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1st Franklin Financial Review: Does It Work Or Is It A Scam?

1st Franklin Financial has been serving customers with reliable financial services for many years. Although they have a good A- rating from the BBB, they are not accredited by them. Unfortunately, their customers have given them a 1.5 out of 5-star rating due to many negative reviews. Before taking out a loan, it is important to compare interest rates and repayment terms from different lenders. Doing your research ahead of time can help you find the best option that fits your needs and budget.

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