Summit Credit Union Financial Terms In a Glimpse
Loan Amounts | N/A |
Term Length | 24 to 84 months |
Loan Rates | For as low as 1.99% |
Min. Credit Score | 651 |
Better Business Bureau Rating | A+ |
Time to Funding | N/A |
Summit Credit Union Highlights
Listed below are a series of features specially outlined to help potential clients determine the union's capacity to cater to borrowers with bad credit.
Pre-qualify with Soft Credit Pull
To enjoy the loans and other features, borrowers will undergo pre-qualification first. The pre-approval is guaranteed free, quick, and easy.
High Debt to Income Ratio Allowed
Borrowers with high debts can apply for a loan. It offers financial guidance regarding debt repayment.
Line of Credit
There are lines of credits that appeal to both personal and home loans.
A personal line of credit has a 10.00% APR while the home line of credit has 1.99% APR for the first 12 months.
Also, Home Line of Credit (HELOC) allows 100% financial aid with variable rates up to 15 years.
Credit Health Tools
Interestingly, there are many credit health tools available! There are three credit health tools to help borrowers increase the health of their credit.
These are Money Smarts, Global Good Cards, Summit's Climbr.
Hardship Programs
Borrowers are sure to enjoy its services because it also seeks to assist when a difficulty occurs.
There are six programs, namely, Project Money, Red SHOES, FoolProof, Project Teen Money, Oodles for small businesses, and Financial Wellness for Employees.
Given these, there is no more to ask. It is indeed impressive.
Prepayment Penalty
There is no need to worry about prepayment penalties. It is free of charge.
Unsecured Loans
There are personal loans but no specific mentions regarding unsecured loans are indicated.