Fresh Start Program
When it comes to rebuilding credit, OE Federal’s got your back. Our Fresh Start Program not only offers a variety of lending products to meet your needs, but we also include a credit education course to build strong credit habits to get your credit where you want it to be.
- Great for rebuilding credit
- Credit education program
- Visa Credit Card, Signature Loan, & Auto Loans
- Apply for up to 2 loans
- Option to graduate to traditional loans
Fresh Start Visa Credit Card
LOAN TYPE | ANNUAL FEE | MAXIMUM AMOUNT | ANNUAL PERCENTAGE RATE - VARIABLE |
VISA® STEEL | None | $2,500 | 16.00% |
*0% APR on new purchases and balance transfers only; does not include cash advances. After the first six months of your account opening, the APR for purchases and balance transfers will revert to your standard APR and will vary based on the Prime Rate. See VISA Terms and Conditions.
Information accurate as of November 1, 2024.
Fresh Start Signature Loan
MAXIMUM AMOUNT | MAXIMUM TERM | ANNUAL PERCENTAGE RATE |
$5,000 | 36 Months | 11.00% |
LOAN TYPE
Signature
MAXIMUM AMOUNT
$5,000
Loan Payment Example:
Signature: $32.74 per month per $1,000 borrowed at 11.00% APR for 36 months
Information accurate as of November 1, 2024.
Fresh Start New & Used Vehicles
MAXIMUM TERM | ANNUAL PERCENTAGE RATE |
0-60 Months | 12.25% |
LOAN TYPE
10 model years or newer only (200,000 miles or more for a 60-month term).
MAXIMUM AMOUNT
Up to 100% of MSRP or KBB “retail” value. Not to exceed documented purchase price. Includes sales tax, license fee and GAP.
Loan Payment Example: $22.37 per month per $1,000 borrowed at 12.25% APR for 60 months
Minimum loan amount $2,500 |Maximum loan amount $20,000
*All rates and terms are dependent on credit worthiness.
Information accurate as of November 1, 2024.
Related Products and Services
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Learn MoreFresh Start Visa Credit Card
LOAN TYPE | ANNUAL FEE | MAXIMUM AMOUNT | ANNUAL PERCENTAGE RATE - VARIABLE |
VISA® STEEL | None | $2,500 | 16.00% |
*0% APR on new purchases and balance transfers only; does not include cash advances. After the first six months of your account opening, the APR for purchases and balance transfers will revert to your standard APR and will vary based on the Prime Rate. See VISA Terms and Conditions.
Information accurate as of November 1, 2024.
Fresh Start Signature Loan
MAXIMUM AMOUNT | MAXIMUM TERM | ANNUAL PERCENTAGE RATE |
$5,000 | 36 Months | 11.00% |
LOAN TYPE
Signature
MAXIMUM AMOUNT
$5,000
Loan Payment Example:
Signature: $32.74 per month per $1,000 borrowed at 11.00% APR for 36 months
Information accurate as of November 1, 2024.
Fresh Start New & Used Vehicles
MAXIMUM TERM | ANNUAL PERCENTAGE RATE |
0-60 Months | 12.25% |
LOAN TYPE
10 model years or newer only (200,000 miles or more for a 60-month term).
MAXIMUM AMOUNT
Up to 100% of MSRP or KBB “retail” value. Not to exceed documented purchase price. Includes sales tax, license fee and GAP.
Loan Payment Example: $22.37 per month per $1,000 borrowed at 12.25% APR for 60 months
Minimum loan amount $2,500 |Maximum loan amount $20,000
*All rates and terms are dependent on credit worthiness.
Information accurate as of November 1, 2024.
Credit Card Fees
Late Fee (If payment is received 11 or more days past the Payment Due Date) | $20.00 or the amount of the required minimum payment, whichever is less |
Returned Check/Payment | $25.00 or the amount of the required minimum payment, whichever is less |
VISA® Currency Conversion | 1% of transaction |
Credit Card Replacement Fee (For cards replaced more than two times in a twelve month period) *Effective July 15th, 2019 | $10.00 |
Frequently Asked Questions
-
What will be my limit on the Visa Credit Card?
Your limit will be based on your credit history. Credit limits start at $500 and can increase in $500 increments annually with 12 months of consecutive payments, up to a maximum of $2,500.
-
What is a Signature Loan?
A Signature Loan is a personal loan that can be used to cover just about anything. Use it cover medical expenses, car repairs, tuition, and so much more!
-
How much can I borrow from a Signature Loan?
Limits vary for each borrower depending on income, but we offer loans ranging from $500 up to $5,000 through our Fresh Start Program.
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How long can I take to repay the Signature Loan?
The maximum term we offer for the Signature Loan through the Fresh Start Program is 36 months.
-
With the Auto Loan, can I buy a new or used vehicle?
Yes, you can use the loan for either a new or used vehicle.
-
How much can I borrow for an Auto Loan?
We offer Auto Loans up to $20,000 through the Fresh Start Program, but your limit will be based on your income.
-
How long can I take to repay the Auto Loan?
The maximum term we offer for Auto Loans through the Fresh Start Program is 60 months.
-
What loans can I apply for?
- You can apply for any loan. However, during the first 12 months in the Fresh Start Program, if you’d like to apply for more than 1 loan, we offer the option to apply for a Visa Credit Card and Auto Loan.
- If you need a Signature Loan in combination with any other loan, you will need to maintain 12 months of consecutive payments before being eligible to apply to combine a Signature Loan with another loan product.
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Can I pay off my loan early?
Yes, you can pay your loan off at your own pace as long as you make at least your minimum payment each month.