Personal Installment Loans1
Details
Product Description
A one time loan with a fixed term to finance any personal need. Personal loans can be secured or unsecured.
Purpose
Common uses include:
- Purchase of household goods
- Unexpected expenses
- Other personal needs
Minimum Loan Amount
$1,000
Maximum Loan Amount
$100,0002
Maximum Loan-to-Value (LTV)
Unsecured: Not applicable.
Secured: Up to 90% of the balance of a National Bank of Arizona deposit account.3
Term/Repayment Period
Unsecured: Terms are available up to 36 months.
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Secured: Terms are available from 3 to 60 months.
Payment Requirements
Unsecured: You will make equal monthly payments of principal and interest based on your qualifying rate and term of loan.
Secured: You will make either (1) monthly payment of interest with the principal balance due at maturity, or (2) equal monthly payments of principal and interest based on your qualifying rate and term of loan, or (3) equal monthly payments of principal and interest based on your qualifying rate and term of loan with a balloon payment at maturity.
Interest Rate Features
Variable and fixed rates available based on qualifying rate and term of loan. Call 1-800-995-5626 or the branch nearest you for rates currently available.
Relationship Discounts Available
You may be eligible to receive reductions in your qualifying interest rate based on your overall relationship with us. See rates for complete details.
Costs
You will not be charged any loan closing costs.
Prepayment Penalty
No penalty for repaying the loan in full early.
1 All loans are subject to credit approval, verification, and collateral evaluation. Credit approval is subject to your meeting specific underwriting requirements. Product available to Arizona residents only and is subject to change without notice. Must be over 18 years old to apply.
2 For amounts in excess of $100,000, please apply in person at the National Bank of Arizona branch nearest you.
3 Certificates of deposit and savings accounts held by National Bank of Arizona are the only collateral eligible to secure a personal installment loan. |
