Progress Bank offering furlough loan

Published 3:29 pm Monday, January 14, 2019

Progress Bank is offering a Furlough Loan to help those affected by the partial government shutdown, according to a press release.

Details for the loan include:

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• Borrow one net pay period up to $5,000;

• No payments for 90 days;

• 0 percent APR* for the first 90 days, 6 percent APR* applies for the remainder of the term;

• Flexible terms up to 12 months;

• Subject to standard credit approval; and

• Must show proof of furlough status

For more information, call 1-888-513-2288 or visit your local branch.

*Progress Bank Furlough Loan: 0 percent APR (Annual Percentage Rate) is a promotional rate for the first 90 days on new Progress Bank furlough loans for qualified clients with approved credit.

After the introductory period, the rate will revert to 6 percent APR. Offer effective as of Jan. 11, 2019, and subject to change. Must have a Progress Bank checking account to qualify. Subject to credit approval. Additional restrictions may apply.