Frequently Asked Questions
- How are interest rates calculated?
- How are payments calculated?
- Are there any pre-payment penalties?
- Q. How are interest rates calculated?
- A. Interest rates are competitive and are based on the program selected and the customer's individual credit history.
- Q. How are payments calculated?
- A. For participants in the Revolving program, payments are 1.75% of the customer's highest balance or $30, whichever is greater. A $10,000 balance would require a monthly payment of $175. Installment program payments are based on the customer interest rate and the term of the load.
- Q. Are there any pre-payment penalties?
- A. No. You can pay off the balance of your loan at any time without a penalty.
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