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 plan to pay your loan off sooner than the term you signed for, we do not charge prepayment penalties or fees. You may make larger payments at any time to reach your payoff goal and reduce your total finance charge.