Rates & Terms


Annual Percentage Rate (APR) = Interest Rate adjusted for applicable fees and discounts

Term Fee Rate Reduction Index Interest Rate
5 years
(60 months)
0.00% 0.25% rate reduction when signed up
for automatic ACH payments.
Variable, based on 90-day SOFR and
may increase after loan consummation,
subject to floor rate of 1.61%
As low as 1.61%
(1.61% APR)
10 years
(120 months)
0.00% 0.25% rate reduction when signed up
for automatic ACH payments.
Variable, based on 90-day SOFR and
may increase after loan consummation,
subject to floor rate of 3.17%
As low as 3.17%
(3.17% APR)
15 years
(180 months)
0.00% 0.25% rate reduction when signed up
for automatic ACH payments.
Variable, based on 90-day SOFR and
may increase after loan consummation,
subject to floor rate of 3.42%
As low as 3.42%
(3.42% APR)
5 years
(60 months)
0.00% 0.25% rate reduction when signed up
for automatic ACH payments.
Fixed As low as 2.99%
(2.99% APR)
10 years
(120 months)
0.00% 0.25% rate reduction when signed up
for automatic ACH payments.
Fixed As low as 4.47%
(4.47% APR)
15 years
(180 months)
0.00% 0.25% rate reduction when signed up
for automatic ACH payments.
Fixed As low as 4.68%
(4.68% APR)

Loan Cost Example

Variable Rate Payment Example: Assuming a $10,000 loan amount, a 3.42% APR, and a 15-year term, you would make 180 monthly payments of $71.10 to repay this loan. If the APR is 10.19% and the loan amount remains $10,000, you would make 180 monthly payments of $108.63. The APR may increase during the life of the loan and can result in higher monthly payments.

Fixed Rate Payment Example: Assuming a $10,000 loan amount, a 4.68% APR, and a 15-year term, you would make 180 monthly payments of $77.42 to repay this loan. If the APR is 12.03% and the loan amount remains $10,000, you would make 180 monthly payments of $120.21.

Annual Percentage Rate (APR)

The Annual Percentage Rate (APR) represents the total amount a loan will cost over a one-year period. Expressed as a single percentage, the APR gives borrowers a clear understanding of a loan's true overall cost, as it accounts for the interest rate, together with any and all fees.The APR also considers how the loan is paid back, including the amount of monthly payments and the length of any deferment period and the repayment period. The APR may be lower than the interest rate as a result of automatic rate reductions that are to occur at a future date or because the loan has a deferment period during which full payments of principal and/or interest are not required.

Minimum Monthly Payment

The monthly minimum payment during the Repayment Period is your calculated monthly payment or $50.00, whichever is greater.

Fixed and Variable Rates

Fixed rate loans maintain the same rate over the life of the loan. This may allow borrowers to easily determine how much interest will be owed on the loan throughout the loan term.

Variable loan rates may increase or decrease over the life of the loan based on changes to the loan index used by the lender. These fluctuations will affect your monthly payment amount.

SOFR Index

The Secured Overnight Financing Rate (SOFR) is a daily reference rate produced by the Federal Reserve Bank of New York that is based on overnight transactions in the U.S. dollar Treasury repo market.

If you have a variable rate loan, your rate will adjust quarterly, and it will be based on the 90-day average SOFR published by the Federal Reserve Bank of New York as of two business days immediately preceding the quarterly adjustment date.

Rate Reduction

The rate displayed above assumes a 0.25% reduction (subject to the floor rate) upon borrower enrolling in automatic payments. If the automatic payment is cancelled any time after enrollment, the rate reduction will discontinue. This rate reduction may be suspended during any period of forbearance or deferment.

Please note that we reserve the right to modify or discontinue products and services offered on this website at any time and without notice.