Access loan amounts from $50,000 to $750,000 without collateral and low, interest-only payments for up to 1 year!
The minimum initial loan amount to begin the interest-only period is $50,000 (down from $150,000).
Pay only the interest for up to 1 year (52 weeks) with a built-in safety net rollover amortizing loan option for up to 2 years (104 weeks).
The product will now carry a line of credit available for their entire interest-only period (26, 40, or 52 weeks). The credit line will be issued for the difference between your max loan approval and your initial loan amount is taken.
During the line of credit period, you may take unlimited* draws of $25,000 or more up to your maximum loan approval amount.
You can even take your initial loan amount via several draws on consecutive business days to allow for ease of early payoff when funds become available. The minimum first draw is $50,000 with unlimited subsequent draws of $25,000 or more. Each IO Flex Pay Loan (or draw) will have minimum finance charges due for the entire interest-only period upon early payoff.