Loan Programs.
Loan Programs.
Standard Loan: Principal + Interest
A Standard Principal and Interest loan would have a fixed payment for each month of the term. A portion of each payment lowers the outstanding principal balance.
Hybrid Loan: Interest Only and Principal + Interest1
First half of loan term will be low interest-only payments; the second half will be principal and interest. These loans have a much lower monthly payment during the interest-only portion and can be easier to manage upfront on a tight budget.
Standard Loan: Principal + Interest
A Standard Principal and Interest loan would have a fixed payment for each month of the term. A portion of each payment lowers the outstanding principal balance.
Hybrid Loan: Interest Only and Principal + Interest1
First half of loan term will be low interest-only payments; the second half will be principal and interest. These loans have a much lower monthly payment during the interest-only portion and can be easier to manage upfront on a tight budget.
In-Practice Personal Loans
Borrower Eligibility*:
- U.S. based in-practice physicians and dentists with MD, DO, DDS, or DMD degree.
- Must be a U.S Citizen, a permanent resident, or hold a valid O-1 or H-1B Visa.
- Must reside in the District of Columbia or one of the 48 states we lend in (all but Iowa and West Virginia).
| Loan Specifics | Standard |
|---|---|
| Interest Rate Ranges | 8.74%1-16.74% |
| APR Ranges | 9.61%-17.68% APR** |
| Repayment Terms | 5 years |
| Loan Amounts | $5,000-$100,000*** |
| Loan Type | Personal |
| Origination Fee | 2% |
| Minimum Monthly Payment | $75**** |
| ACH Discount | 0.25% |
| Type of Rate | Fixed |
In-Practice Personal Loans
Borrower Eligibility*:
- U.S. based in-practice physicians and dentists with MD, DO, DDS, or DMD degree.
- Must be a U.S Citizen, a permanent resident, or hold a valid O-1 or
H-1B Visa. - Must reside in the District of Columbia or one of the 48 states we lend in (all but Iowa and West Virginia).
| Loan Specifics | Standard |
|---|---|
| Interest Rate Ranges | 8.74%1-16.74% |
| APR Ranges | 9.61%-17.68% APR** |
| Repayment Terms | 5 years |
| Loan Amounts | $5,000-$100,000*** |
| Loan Type | Personal |
| Origination Fee | 2% |
| Minimum Monthly Payment | $75**** |
| ACH Discount | 0.25% |
| Type of Rate | Fixed |
In-Training Personal Loans
Borrower Eligibility*:
- U.S. based in-training (resident/fellow) physicians and dentists with MD, DO, DDS, or DMD degree.
- 4th year U.S. medical and dental students who have successfully matched into a residency program.
- Must be a U.S Citizen, a permanent resident, or hold a valid O-1 or H-1B Visa.
- Must reside in the District of Columbia or one of the 48 states we lend in (all but Iowa and West Virginia).
O-1 and H-1B Visa holders are eligible for Standard repayment only.
| Loan Specifics | Standard/Hybrid |
|---|---|
| Interest Rate Ranges | 8.74%1-16.74% |
| APR Ranges | 9.61%-17.68% APR** |
| Repayment Terms | 5 Years |
| Loan Amounts | $5,000-$25,000*** |
| Loan Type | Personal |
| Origination Fee | 2% |
| Minimum Monthly Payment | $75**** |
| ACH Discount | 0.25% |
| Type of Rate | Fixed |
In-Training Personal Loans
Borrower Eligibility*:
- U.S. based in-training (resident/fellow) physicians and dentists with MD, DO, DDS, or DMD degree.
- 4th year U.S. medical and dental students who have successfully matched into a residency program.
- Must be a U.S Citizen, a permanent resident, or hold a valid O-1 or
H-1B Visa. - Must reside in the District of Columbia or one of the 48 states we lend in (all but Iowa and West Virginia).
O-1 and H-1B Visa holders are eligible for Standard repayment only.
| Loan Specifics | Standard/Hybrid |
|---|---|
| Interest Rate Ranges | 8.74%1-16.74% |
| APR Ranges | 9.61%-17.68% APR** |
| Repayment Terms | 5 Years |
| Loan Amounts | $5,000-$25,000*** |
| Loan Type | Personal |
| Origination Fee | 2% |
| Minimum Monthly Payment | $75**** |
| ACH Discount | 0.25% |
| Type of Rate | Fixed |
J-1 Visa Personal Loans
Borrower Eligibility*:
- Must hold a valid J-1 Visa.
- In-practice physicians and dentists with MD, DO, DDS, or DMD degree. Must have a valid J-1 Visa waiver.
- In-training physicians and dentists with MD, DO, DDS, or DMD degree. Must have at least 3 years left in training.
- Must reside in the District of Columbia or one of the 48 states we lend in (all but Iowa and West Virginia).
| Loan Specifics | Principal |
|---|---|
| Interest Rate Ranges | 9.74%1-19.74% |
| APR Ranges | 10.61%-20.70%** |
| Repayment Terms | 3 years |
| Loan Amounts | In-Practice: $5,000-$30,000*** In-Training: $5,000-$15,000*** |
| Loan Type | Personal |
| Origination Fee | 2% |
| Minimum Monthly Payment | $75**** |
| ACH Discount | 0.25% |
| Type of Rate | Fixed |
J-1 Visa Personal Loans
Borrower Eligibility*:
- Must hold a valid J-1 Visa.
- In-practice physicians and dentists with MD, DO, DDS, or DMD degree. Must have a valid J-1 Visa waiver.
- In-training physicians and dentists with MD, DO, DDS, or DMD degree. Must have at least 3 years left in training.
- Must reside in the District of Columbia or one of the 48 states we lend in (all but Iowa and West Virginia).
| Loan Specifics | Principal |
|---|---|
| Interest Rate Ranges | 9.74%1-19.74% |
| APR Ranges | 11.13%-21.47%** |
| Repayment Terms | 3 years |
| Loan Amounts | In-Practice: $5,000-$30,000*** In-Training: $5,000-$15,000*** |
| Loan Type | Personal |
| Origination Fee | 2% |
| Minimum Monthly Payment | $75**** |
| ACH Discount | 0.25% |
| Type of Rate | Fixed |
1 with autopay discount of .25%
* Your actual rate will be within the range of rates listed above and will depend on the evaluation of your creditworthiness, verification of income, loan size and a variety of other factors. Lowest rates are reserved for the most creditworthy borrowers.
** Eligibility criteria list is not exhaustive and is subject to change without notice.
*** The minimum loan amount in MA is $7,000 and the minimum loan amount in NH is $11,000.
**** Minimum Monthly Payment applies to Standard Principal and Interest Loans and Hybrid Loans.
1 In-Training Only
Rates, terms and product availability are subject to change
