Variable Rate Personal Loan.

What is a variable rate Personal Loan?

With a variable rate, the interest is tied to prime rate and can increase and decrease when prime fluctuates. The Variable rate is equal to prime rate + a spread. A one-year term is available with an amortization period of up to 25 years, depending on the amount, purpose, and the applicant's ability to pay. During the term, blended payments of principal and interest remain the same. * Please note, a Variable rate loan may be converted to a fixed rate anytime, without any charge. To provide freedom from the worry of unpredictable events, you may also consider an optional Personal Loan Insurance Plan which includes, Life Insurance, Disability Insurance and Payment Protector Insurance due to involuntary loss of employment.



Personal Loan Center.