The Teamster Privilege Loan Program is
another great benefit you get as a Teamster member. If you are
looking for a way to cut down and consolidate your monthly bills
or need cash for unexpected expenses, the Teamster Privilege Loan
Program can make it easy and affordable to get the funds you need.
And it's also good to know, these loans don't compete with
union-sponsored credit union loans - they can be used as a
supplement to those loans!
Teamster privileges
include:
- Personal loans from $2,500 to
$10,000 or more with low monthly payments
- Convenient and confidential -
apply by phone or by mail
- Competitive rates that are far
lower than the rates charged by most finance companies
- Longer repayment periods for
unsecured installment loans - up to seven years*
- No application fees, annual fee,
points or service charges
- Skip payment options available
as long as you remain a union member
- No penalty if you pre-pay
- Your Annual Percentage Rate can
be reduced if you have your payments automatically deducted from
your checking account and you remain a union member*
- Home equity loans up to $250,000
also available
*Final approval and rates
are subject to verification of your credit, income and loan
amount, which is based on Household Bank's normal underwriting
guidelines.
The current APR
reduction will be in effect as long as you continue to make
automatic payments and you remain a union member. Repayment terms
for personal loans range from 12-84 months, based on loan amount;
home equity loan terms are up to 15 years. Call for interest rates
and other details.
Who's eligible?
- Members and retired members
- Adult children of members and
other relatives may apply as co-applicants with the union member
- This program is not available to
members living in Canada
For more information, call
8am-8pm, EST, Mon-Fri/ 1-888-235-2759
TTY 1-800-789-0706
