Progress Bank offering furlough loan
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:
• 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.