Atlantic Capital Bank and Self Lender: A Comprehensive Guide

Are you looking for a reliable bank that can help you achieve your financial goals? If so, look no further than Atlantic Capital Bank. This Atlanta-based bank is a community-focused institution that offers a range of financial products and services to businesses and individuals alike.

Atlantic Capital Bank and Self Lender: A Comprehensive Guide

One of the unique offerings of Atlantic Capital Bank is their partnership with Self Lender. If you’re unfamiliar with Self Lender, it’s a credit-monitoring service that helps users build credit while saving money through secured loans. In this article, we’ll take an in-depth look at both Atlantic Capital Bank and Self Lender, including their features and benefits.

Atlantic Capital Bank Overview

Atlantic Capital Bank was founded in 2007 in Atlanta, Georgia. Since then, they’ve grown exponentially, thanks to their commitment to providing quality financial services to businesses and individuals throughout the Southeast region. They offer a wide range of products and services, including personal banking, business banking, wealth management, and more.

Their personal banking options include:

  • Checking accounts
  • Savings accounts
  • Money market accounts
  • Certificates of deposit (CDs)
  • Individual retirement accounts (IRAs)
  • Health savings accounts (HSAs)

In addition to these traditional banking options, Atlantic Capital Bank also offers online banking services that make it convenient for customers to manage their finances from anywhere at any time.

When it comes to business banking options, Atlantic Capital Bank offers:

  • Checking accounts
  • Savings accounts
  • Money market accounts
  • Line of credit loans
  • Term loans
  • Commercial real estate financing

They also have specialized teams dedicated to providing customized business solutions for various sectors such as healthcare finance, professional services finance among others.

Self Lender Overview

Self Lender provides its users with an opportunity to improve their credit scores by making payments on secured loans over time. Essentially, users take out a loan and make monthly payments, which are reported to the three credit bureaus. This helps build their credit history and increase their score over time.

The loans offered by Self Lender are typically small, ranging from $500 to $2,000. These loans are secured by an FDIC-insured certificate of deposit (CD) that the user establishes with Atlantic Capital Bank. The loan proceeds are held in the CD until the user pays off the loan in full.

Once the loan is paid off, users can then withdraw the funds from the CD or do nothing and let it mature. Throughout this process, customers can monitor their progress through Self Lender’s dashboard and watch their credit score improve as they make timely payments.

Atlantic Capital Bank and Self Lender Partnership

One of the unique offerings of Atlantic Capital Bank is their partnership with Self Lender. This partnership allows customers to take advantage of both companies’ services in a streamlined manner. Here’s how it works:

  1. Customers sign up for a Self Lender account and select their desired loan amount.
  2. Users establish an FDIC-insured CD with Atlantic Capital Bank to secure the loan.
  3. Monthly payments are made on the loan through automatic withdrawals.
  4. Payment history is reported to credit bureaus, helping improve customers’ credit scores.
  5. Once the loan is paid off in full, customers can withdraw funds from the CD or leave them there to continue growing interest.

The partnership between Atlantic Capital Bank and Self Lender makes it easy for individuals looking to build credit while saving money at the same time.

Benefits of Atlantic Capital Bank and Self Lender

There are several benefits to using Atlantic Capital Bank and Self Lender together:

  • Convenience: Customers can manage both their banking and secured loan accounts through one platform.
  • Credit-building: Making timely payments on a small secured loan helps establish a positive credit history.
  • Savings: The use of a secured loan and CD means customers can save money and earn interest at the same time.
  • Security: Atlantic Capital Bank’s partnership with Self Lender ensures that users’ funds are FDIC-insured.

Conclusion

Atlantic Capital Bank and Self Lender are two companies that are dedicated to helping individuals achieve their financial goals. The partnership between these two entities provides customers with convenience, savings, security, and credit-building opportunities.

If you’re looking to build your credit score while also saving money for future expenses, consider signing up for both Atlantic Capital Bank’s banking services and Self Lender’s secured loans. By doing so, you can take advantage of both companies’ features and benefits while achieving your financial goals.

FAQs

Who is Atlantic Capital Bank?

Atlantic Capital Bank is a full-service commercial bank that provides lending, treasury services, and deposit products to individuals and businesses.

What is Self Lender?

Self Lender is a fintech company that helps individuals build credit history by offering credit builder loans.

How does Atlantic Capital Bank work with Self Lender?

Atlantic Capital Bank has partnered with Self Lender to offer their customers access to credit builder loans through their online banking platform.

Can anyone apply for a credit builder loan from Self Lender through Atlantic Capital Bank?

Yes, as long as you have an account with Atlantic Capital Bank and meet the eligibility criteria set by Self Lender, you can apply for a credit builder loan.

What are the benefits of getting a credit builder loan from Self Lender through Atlantic Capital Bank?

Some of the benefits include building your credit history, improving your credit score, and gaining access to better financing options in the future.

How much can I borrow with a credit builder loan from Self Lender through Atlantic Capital Bank?

The amount you can borrow varies based on your eligibility and credit score. However, typically loans range from $500 to $1,500.

What is the interest rate for a credit builder loan from Self Lender through Atlantic Capital Bank?

Interest rates vary based on your eligibility and credit score but generally range from 10% to 12%.

Can I repay my credit builder loan earlier than the term without any penalty fee?

Yes, you can repay your loan earlier than the term without any penalty fees. In fact, paying off the loan early may improve your overall credit score.

Will taking out a credit builder loan affect my credit score?

Yes, if you make timely payments on your loan, it can positively impact your credit score. However, if you miss payments or default on the loan, it can negatively impact your credit score.

How do I apply for a credit builder loan from Self Lender through Atlantic Capital Bank?

To apply for a credit builder loan, log in to your Atlantic Capital Bank online banking account and navigate to the Self Lender section. From there, follow the prompts to complete the application process.

Leave a Comment