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Establish credit and save funds at the same time! Apply for a Community-Saver Loan from Lake City Bank! It's a personal loan for the purpose of establishing credit while saving funds for the purchase of a home or auto, education, or other individual goal.
How does it work? Loan proceeds are deposited into a Lake City Bank certificate of deposit, with a term equal to or exceeding the term of the loan. This certificate of deposit is then held as collateral for the loan itself. Interest is earned on the certificate and compounded annually.
- Loan amounts from $1,000 to $3,500
- Monthly payment terms
- No loan processing fees
- Call your local branch office for rates
- Easier approval guidelines*
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* Maximum debt to gross income ratio of 40%. Emperica score must exceed 625. No open collection accounts, outstanding judgments, or open delinquent accounts. Must have job-time of at least 6 months.
* Subject to credit approval. |
