
Borrow & Save Loan
Build your credit history and save for the future.
Learn to borrow responsibly while building credit.
It’s perfect if you’re looking to build credit and have nice chunk of savings at the end of the term. Here’s how it works:
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Apply for desired loan amount.
Apply for the Borrow & Save loan. Once approved, NextMark will deposit your loan amount into your pledge savings account, and you begin to make monthly payments. No credit is pulled.
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Make Payments like you would on a loan.
Make monthly principal and interest payments and build your credit so you an become a more confident borrower in the future. As you make payments, the pledge savings balance grows.
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The money is now yours!
After you finish making all your loan payments, the money is yours to use as you please.
APR |
Terms up to |
Approximate monthly payment |
Maximum credit limit |
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APR=Annual Percentage Rate. Rates are effective as of 5/1/2024. Monthly payment estimates based on a $2,000.00 loan amount. Rates subject to change without notice. Additional fees may be imposed. |
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APR 6.00% |
Terms up to 12 months |
Approximate monthly payment $172.13 |
Maximum credit limit $2,000 |
APR 6.00% |
Terms up to 24 months |
Approximate monthly payment $88.64 |
Maximum credit limit $2,000 |