Get financing that’s backed by an interest-bearing CD. Each includes low rates, low processing time, and no credit check.
Key Features
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Lower Rates
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Local Processing
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Quick Decisions
Details
- Lower rates than personal loans
- No credit check required
- Maximum loan amount is $100,000
- The principal balance in the certificate must be equal to or greater than 105% of the balance of the loan
- Fixed rate of interest at 2.50%APR above the Certificate dividend rate with AutoPay discount, 3.00%APR above the Certificate dividend rate with coupon book
- As payments are made on the loan, the money in the certificate becomes liquid
- Certificate will be retained by the loan department during the term of the loan
- Simple, standardized repayment terms
- Repayment period of 5 years or the term of the certificate, whichever is less, for loans paid monthly
- Repayment period of the term of the certificate or 1 year for single payment loans
- Quick, local decision-making and processing