Borrowing against your own funds secured by a North Cambridge Co-operative deposit account is a fast, convenient, low cost way of obtaining a loan. This is also a great way to build or improve your credit.
- Loan Amount: up to 90% of the account balance
- Annual Percentage Rate (APR): equal to the passbook account rate plus 3.00%
- Annual Percentage Rate may increase after consummation if the rate paid on the collateral account increases
- NO application required
- Interest only billed monthly, so YOU decide the principal payment