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Personal Loan from $5,000 to $49,900 |
Definition
These are unsecured loans ranging from $ 5,000.00 to $ 49,900.00.
Interest Rates start off at 7.99% APR
Terms
Member can qualify for loan if the following requirements are met:
- Borrower must have a constant and steady source of income
- Borrower needs to submit copies of supporting documents along with the loan application
- Borrower and guarantor(s) should have no prior bankruptcy record in the last 5 years
- Borrower and guarantor(s) should have no prior charge off records
Qualification of Guarantors
- A member without documentation can either give a guarantee or take a loan up to $15K. A member with a work permit, L-1 or E-2 visa is eligible to apply for a loan up to $49,900.
- Borrower and guarantor(s) should have a separate source of income.
- Husband & wife cannot give guarantees for each other. The maximum aggregate amount of loans for both spouses is $49,900.
- Cross guarantees are not acceptable.
- Guarantors' own loans and all loans guaranteed by these guarantors, must be in good standing.
All the above terms and conditions are subject to change. Some restrictions may apply.
Download Personal Loan Application
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