Auto Loans
Personal Loans
Home Loans
Credit Cards
100

True / False : We offer untitled auto loans?

True! The parameters are different, but for some clients we are able to offer auto loans without having to use the vehicle as collateral

100

True / False : We can only go up to 36 months on a personal loan?

False, we can technically do 84 months, provided it is one of few types of secured loan. 12 months if the funds are used for current expenses

100

True / False : Our Home Improvement Loan can be used for any purpose?

False! It's in the name :) - they must sign an attestation that it will be used for home renovations

100

True / False: A credit card is a loan

TRUE!

200

True / False : Clients can apply directly for an untitled auto loan

False: it is determined by the underwriter as part of the loan applicaton

200

What is the minimum amount for our personal loans?

$2500

200

Which home loan type has the fastest turn around time? And Why?

Home Improvement Loan because it is unsecured

200

Which of our credit cards have an annual fee?

Travel Rewards - after the first year

Secured Cash Back Rewards - $29

300

What is the maximum loan term available?

84 Months (if over $50k), or 72 Months

300

True / False : Our personal loans have a minimum credit score requirement

Trick Question! Secured ones do not, unsecured have a minimum score requirement of 680. That being said, Secured may still be declined due to bankruptcy/charge offs etc

300

True / False : during the initial draw period, our HELOC will likely have the lowest minimum payment

True! Because it is interest only

300

Which 2 of our credit cards provide cash back and at what percentage?

Cash Rewards - 1.5% cash back

Secured Cash Back Rewards - 1% cash back

TECHNICALLY A TRICK QUESTION - since all credit cards but smart option can provide cash back

400

What type of loans do we offer for autos? (Hint: One example is dealer purchase)

- Dealer Purchase

- Private Purchase

- Refinance

- Clear Title

400

What types of accounts can be used for collateral for a secured loan?

- CDs

- Savings

- Money Markets

400

What is the available term for a HELOC?

25 years total, 10 year draw, 15 year repayment

400

How does a person qualify for the visa signature?

It is not an option for our Smart Option or Secured Cash Back Rewards. But having a line over $5,000 will allow for qualification (Therefore for Travel Rewards it is automatic)

500

What is the origination fee for an auto loan?

$100 if titled

$50 if untitled and less than $30k

$75 if untitled and more than $30k

500

True / False : Secured Personal Loans have a fixed rate

False! They can be variable - like in the case of a CD secured loan

500
Which option(s) might be best for a home loan, if somebody has a bad history with credit card spending?

HELoan or HIL

500

What is the foreign transaction fee for our credit cards?

3% - EXCEPT Travel Rewards