The minimum term and interest rate that you have been approved for is based on our comprehensive review of your financial profile. As we evaluate your application, we examine how affordable each of our loan terms (5 - 20 years) would be in the context of your current finances. We determine the shortest and longest loan terms that we're able to approve you for and give you a full range of options between them.
We're unable to approve loan terms outside 5-20 years. However, if you're planning to pay your loan off in less than 5 years, we do not charge any prepayment penalties or fees so you'll have the ability to still meet your payoff goal by making larger payments than the monthly minimum.