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finder.com’s rating: 4.1 / 5.0
★★★★★
Min. Loan Amount | $5,000 |
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Max. Loan Amount | $30,000 |
APR | 7.24% to 15.99% |
Interest Rate Type | Fixed |
Origination Fee | Up to 0% |
Loan Term | 3 to 5 years |
Turnaround Time | 1 day |
To qualify for a personal loan from Ridgewood Savings, you must meet the following criteria:
BBB accredited | Yes |
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BBB rating | A+ |
BBB customer complaints | 8 |
Customer reviews verified as of | 19 October 2020 |
It has no reviews on its BBB page, and the last complaint was filed in 2018. You can find some customer reviews on Yelp, where it earned 3 out of 5 stars. Some reviewers were happy with the customer service at Ridgewood Savings Bank and the community workshops it offers. Others complained about inefficient application processes and its out-of-date online banking.
You can apply online by following these steps:
The information you'll need to bring will depend on your financial situation. For specifics, you should contact your branch before you visit. But more than likely, you'll need at least three types of documentation:
After you finish your online application, you can receive your loan funds in as soon as one business day. You can also apply for a loan by visiting a local branch. You can find your nearest branch by going to its website and clicking Find Branch in the upper right-hand corner. Then enter your ZIP code or city and click Search.
Ridgewood Savings Bank's personal loans come with monthly repayments made over three or five years — it depends on the terms laid out in your contract. Ridgewood doesn't charge any late fees, so you won't need to worry about getting hit with a big charge if you're unable to make your payment on time.
Keep track of your bank account and loan balance. If you notice something odd, contact its customer service line or visit a branch in person as soon as possible.
Want to know more about other options? Use our personal loans guide as a starting point.
We analyze top personal loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, customer reviews, loan amounts, loan processing and borrower experience.
Read the full methodology of how we rate personal loan providers.
Review by
Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.
Borrowing from Ridgewood Savings Bank is ideal for residents of the tristate area looking for competitive rates. APRs range from 7.24% to 15.99% with no origination or late fees.
You don’t need to have an account with the bank to qualify. And you can check what rates you might qualify without affecting your credit score. It also offers an online application and funding in as little as one business day.
Don’t live in a qualifying state? Compare your other options below.