The Personal Loan Program (PLP) can be used for any purpose.
- Maximum loan of $25,000 available.
- Dependent children, spouses, and a parent of a veteran’s child may qualify.
- Qualifying full-time students can defer up to $5,000 for up to 5-years while attending school.
- No penalty for early repayment.
- Fixed interest rates that will NEVER increase starting as low as 6.25%.
- 3, 5, 7 and 10 year terms available.
- Maximum 5-year term on PLP loans of $5,000 or less.