All Loans available through freedomplus.com are an offering by Cross River Bank, a commercial bank chartered in New Jersey State, a member of the FDIC and equal lenders to residential real estate.
All Loan and interest conditions are subject to participation restrictions. The following restrictions apply along with: FreedomPlus does not provide Loans in:
- Arizona under $ 10,500
- Massachusetts under $ 6,500
- Ohio below $ 5,500
- Georgia below $ 3,500
The repayment periods are between 24 and 60 months. The APR range for Loans provided through FreedomPlus is 5.99% up to a maximum of 29.99%. iii) Ohio below $ 5,500The APR calculation includes all applicable fees, including the credit creation fee. For example, a four-year Loan of $ 20,000 with an interest rate of 15.49% and an annual interest rate of 18.34% would have an estimated monthly payment of $ 561.60 and a total cost of $ 7,948.13.
To qualify for a 5.99% annual interest Loan, a borrower needs excellent credit for a Loan of less than $ 12,000.00 and a term of 24 months. Add at least eighty-five percent (85%) of the Loan proceeds to repay qualified qualifying debt directly, and provide enough retirement assets to qualify for the lowest available rate.
Best Egg Loans offer unsecured personal Loans issued by Cross River Bank, a member of FDIC, the New Jersey State Chartered Commercial Bank. Equal Housing lenders Marlette Funding, LLC owns “Best Egg” as a trademark. All Best Egg uses to refer to Best Egg Personal Loan and Best Egg on behalf of Cross River Bank as the originator of the Best Egg Personal Loan. Annual percentages (APRs) range from 5.99% to 29.99%.
The annual interest rate is the annual cost of borrowing and reflects both your interest rate and an origination fee of 0.99% up to 5.99% of your Loan amount, which is deducted from all Loan proceeds received. The origination fee for a period of 4 years or more is at least 4.99%.
Your Loan term affects your annual percentage rate of interest, which may be higher than our lowest indicated interest rate. You need at least 700 FICO and a minimum annual income of $ 100,000 to qualify for our lowest APR.
For example, A 5-year, $ 10,000, annual interest of 9.99% has 60 scheduled monthly payments of $ 201.81 and a three-year Loan of $ 5,000, with an annual rate of 5,99% has 36 scheduled monthly payments of $ 150.57. Massachusetts residents have a minimum Loan of $ 6,500. New Mexico and Ohio resident can get $ 5,000 and Georgia $ 3,000.
For a second Best Egg Loan, the total amount of existing Best Egg Loans must not exceed $ 50,000. Subject to unpredictable circumstances, 3-year payment plans may have a minimum repayment period of 0 months and a maximum of 36 months, whereas 5-year payment plans have a minimum repayment period of 0 months and a maximum of 60 months.