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/ 1-800-235-2759
TTY 1-800-789-0706
