Old National Bank has been lending money since 1834, which makes it one of the oldest banks in the Midwest. But being old does not automatically make a loan a good deal. If you are researching Old National Bank personal loans, you probably want three things: the real numbers, whether you can even use this bank where you live, and how it stacks up against online lenders.
Here is everything we verified about Old National's personal loan offering as of July 2026, plus a few honest alternatives if it turns out to be a poor fit.
Old National Bank Personal Loans at a Glance
| Feature | Details (as of July 2026) |
|---|---|
| Loan amounts | $2,500 to $25,000 |
| APR | Fixed; up to 25.00% (starting rate not published) |
| Terms | Up to 48 months for most purposes; 60 months for debt consolidation; 72 months for home improvement |
| Fees | $150 documentation fee on all personal loans |
| Footprint | Roughly 280 to 300 branches across about nine states |
| Best for | Existing customers in the bank's Midwest and Southeast footprint |
Rates, terms, and conditions were listed as effective 1/27/26 on Old National's site, so treat every number here as a snapshot. APRs vary by creditworthiness, loan purpose, and term.
What Old National Bank Offers
Old National's core product is an unsecured personal loan. You borrow a lump sum between $2,500 and $25,000, pay it back in fixed monthly installments, and never pledge collateral. The bank markets it for debt consolidation, home improvement projects, and general expenses like medical bills or weddings.
The repayment term depends on why you are borrowing. Home improvement loans can stretch to 72 months, debt consolidation loans max out at 60 months, and everything else caps at 48 months. Shorter terms mean higher monthly payments but less total interest.
Old National also offers secured borrowing options, including loans backed by savings or CDs, and lines of credit. Those can carry lower rates because the bank takes on less risk. Terms and conditions apply to all of them.
Old National Bank Personal Loan Rates and Fees
Here is the frustrating part. Old National does not publish a starting APR for its unsecured personal loans. The bank discloses that rates run up to 25.00% APR and that your exact rate depends on your credit bureau score, loan purpose, and term. The only way to see your actual number is to apply.
What the bank does disclose is a $150 documentation fee on every personal loan. That is effectively an origination charge. On a $2,500 loan, $150 works out to 6% of the amount borrowed, which is steep. On a $25,000 loan, it is only 0.6%, which is minor.
All rates are fixed, so your payment will not change over the life of the loan. That predictability is a real plus for budgeting.
Where Old National Bank Operates
Old National is a regional bank, not a national one despite the name. Based on our research, it operates roughly 280 to 300 branches concentrated in Indiana, Illinois, Minnesota, Wisconsin, Michigan, Kentucky, Tennessee, Iowa, and North Dakota. Indiana is its home turf, with the largest share of locations.
If you live outside those states, this loan is probably not for you. Regional banks like Old National generally prioritize applicants inside their branch footprint, and any in-person requirements become impractical from far away. Online lenders do not have that limitation.
How to Apply for an Old National Bank Personal Loan
Applying is fairly standard. You can start online at oldnational.com, call the bank, or visit a branch. Expect to provide:
- Your Social Security number and government-issued ID
- Income documentation, such as pay stubs or tax returns
- Employment information
- Details on the debts you want to consolidate, if that is your goal
The bank will run a credit check as part of the application. Old National does not advertise a pre-qualification tool with a soft pull for personal loans, so assume a hard inquiry when you formally apply. A hard inquiry can trim a few points off your score temporarily.
If approved, review the loan agreement carefully before signing. Confirm the APR, the monthly payment, the term, and that $150 fee.
Pros and Cons of Old National Bank Personal Loans
Pros:
- Fixed rates and predictable payments
- Longer 72-month terms available for home improvement
- In-person service at branches across nine states
- Established bank with nearly two centuries of history
Cons:
- Starting APR is not published, so you cannot comparison shop without applying
- $150 documentation fee on every loan
- Loan amounts cap at $25,000, lower than many competitors
- Limited to a regional footprint
The lack of a published starting rate is the biggest drawback. Most competitive lenders show their full APR range up front. When a bank only tells you the ceiling, you have no way to know whether your offer is strong until after a hard credit pull.
Alternatives to Old National Bank Personal Loans
If you live outside Old National's footprint, need more than $25,000, or simply want to see rates before committing, online options are worth a look.
Upstart is an online lending marketplace that partners with banks to offer personal loans from $1,000 to $75,000. Its model looks beyond your credit score alone and can factor in things like education and work experience, which may help borrowers with thinner credit files. Checking your rate uses a soft pull, so it will not hurt your score.
Upstart
Upstart
Upstart is an online lending marketplace that partners with banks to provide personal loans from $1,000-$75,000. Upstart goes beyond traditional lending metrics to help you find financing that considers many factors including your education and experience
Standout feature
AI-driven underwriting that goes beyond your credit score — checking your rate is a soft pull with no score impact, most applicants are approved instantly, and funds can arrive as soon as the next business day.
Fees
Origination fee 0%–12% of the loan amount
Pros
No minimum credit score required (AI-based approval)
Cons
Origination fee: up to 12%
MoneyLion takes a different approach. It is a loan marketplace that lets you compare personalized offers from multiple lenders in minutes, also with no credit score impact for browsing. That solves Old National's transparency problem directly: you see real numbers from several lenders side by side before anyone runs a hard inquiry.
MoneyLion
MoneyLion
Compare personal loan offers from top providers in minutes with no credit score impact with the MoneyLion Marketplace.
Standout feature
Soft-pull marketplace that surfaces prequalified personal loan offers from a network of lenders, with options up to $100,000 and partners that work with fair and bad credit
Fees
Free to use the marketplace
Pros
Compare multiple lender offers in minutes; soft credit pull to prequalify — no impact on your score
Cons
Final approval requires a hard pull from the chosen lender
A sensible strategy is to check your rate with Upstart, browse offers through MoneyLion, and then compare those against whatever Old National quotes you. Whichever loan has the lowest APR and total cost for your situation wins. APRs vary by creditworthiness, and terms and conditions apply with any lender.
Frequently Asked Questions
What credit score do you need for an Old National Bank personal loan?
Old National does not publish a minimum credit score for its personal loans. As a traditional bank, it typically favors applicants with good credit, and your credit bureau score directly affects the APR you are offered. If approval is a concern, a marketplace that shows pre-qualified offers with a soft pull may be a safer first step.
Can I get an Old National Bank personal loan if I live outside its service area?
It is unlikely to be practical. Old National operates branches in roughly nine Midwest and Southeast states, and regional banks generally focus lending on customers within their footprint. Borrowers elsewhere will usually have better luck with an online lender that operates in all or most states.
How much does an Old National Bank personal loan cost?
As of July 2026, APRs are fixed and run up to 25.00%, and every personal loan carries a $150 documentation fee. Your exact rate depends on your credit score, loan purpose, and term. The bank does not publish its lowest available rate.
How long does it take to get funds from Old National Bank?
Old National does not advertise a specific funding timeline for personal loans. Traditional banks often take a few business days from approval to funding, while some online lenders can fund as soon as the same or next business day. Ask the bank directly for its current timing when you apply.
