Double Dollar Loans
Double Dollar Loans
It’s important to find a loan that’s right for your situation. That’s why we offer a Double Dollar Loan! This type of loan is a secured loan which means it requires cash up front to use as collateral. However, to live up to its name, you get twice the amount you put in. Need a $1,000 loan? You’ll only need $500 cash up front. And the best part is that you get that money back once the loan is paid off in full.
- Borrow Twice the Amount of Your Deposit
- Loans from $1,000 to $10,000
- Set, Low Rate
- 5 Year Repayment Plan
- No Early Payoff Penalties
- Great for Building Credit
Double Dollar Loans
| MAXIMUM AMOUNT | MAXIMUM TERM | ANNUAL PERCENTAGE RATE |
| $10,000 | 60 months | 10.50% |
LOAN PAYMENT EXAMPLE:
$21.49 per month per $1,000 borrowed at 10.50% APR for 60 months
*Information accurate as of May 17th, 2021.
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Learn MoreDouble Dollar Loans
| MAXIMUM AMOUNT | MAXIMUM TERM | ANNUAL PERCENTAGE RATE |
| $10,000 | 60 months | 10.50% |
LOAN PAYMENT EXAMPLE:
$21.49 per month per $1,000 borrowed at 10.50% APR for 60 months
*Information accurate as of May 17th, 2021.
Frequently Asked Questions
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What is interest?
Interest is the amount of money charged for borrowing from a financial institution, typically expressed as an annual percentage rate (APR).
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How soon can I get my money?
In some cases, you can get access to your money in as little as 48 business hours. To help speed up the process, visit our Applying for a Loan Page for a checklist of necessary documents.
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Can my rate change after I’m approved for a loan?
No, once you’ve been approved, your rate will remain the same throughout the life of the loan.
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Can I use my Share Certificate as my collateral?
Unfortunately, a Share Certificate cannot be used as collateral for a Double Dollar Loan; however, you can apply for a Certificate Secured Loan.
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Can I pay my loan off early?
Yes, you can pay your loan off at your own pace as long as you make at least your minimum payment each month.
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Is there a fee for paying my loan off early?
No, there are no fees for early payoff.