Loans

Question 1

Any loan in which a private passenger car, truck or SUV is held as collateral.

Answer 1

Auto Loan

Question 2

What is the minimum loan amount for an auto loan?

Answer 2

$2500

Question 3

What can an auto loan be used for?

Answer 3

Can be used for nearly any purpose as long as there is appropriate collateral.

Question 4

What is the minimum loan amount for a ready loan?

Answer 4

$1,000

Question 5

What collateral is needed for a ready loan?

Answer 5

None

Question 6

What is the max loan amount for a ready loan?

Answer 6

$50,000

Question 7

What is the origination fee for a ready loan?

Answer 7

$95

Question 8

Smaller loan not secured by collateral.

Answer 8

Ready Loan

Question 9

A loan in which a certificate of deposit is used as collateral.

Answer 9

CD Loan

Question 10

What is the minimum loan amount on a CD Loan?

Answer 10

$1000

Question 11

What is the rate of a CD Loan?

Answer 11

3% above the CD Rate and qualifies for .5% ACH discount

Question 12

Is a credit check required for a CD Loan?

Answer 12

No

Question 13

Loan where miscellaneous items are used as collateral. $2500 Min amount

Answer 13

Miscellaneous secured loan.

Question 14

Loan using a home as collateral
Min amount $5000

Answer 14

Home Equity Loan

Question 15

Line of credit that uses a home as collateral
$10,000 minimum

Answer 15

Home Equity Line of Credit
(HELOC)