Loans and credit cards
You can consolidate high-interest credit card debt with a Brooklyn Cooperative personal loan so that you’ll have one fixed monthly payment. You can also perform a balance transfer from outside debt into our low introductory-rate credit card to save on interest payments.
- Repay over a reasonable period of time at a fair interest rate.
- Your interest rate doesn’t increase if your payment is late.
|Loan Type||Loan Size||Rate||Maximum Term||Fees*|
|Personal loans||$500 – $10,000||Fixed. See app for current rate||12 years||$25 late fee|
|Automobile loans||$500 – $25,000||Fixed. See app for current rate||12 years||$25 late fee|
|Credit cards||$500 – $10,000||Variable.
See app for current rate
|Open-end||No annual fee
$25 late fee
$25 bounced payment fee
* There is a $25 application fee per person for any loan or credit card. Life and disability credit insurance is strongly suggested for some personal loans above $5,000.