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BMT COVID-19 Personal Relief Loan

To assist BMT personal clients, we have developed the BMT COVID-19 Personal Relief Loan, an unsecured loan, which is now available to existing BMT deposit or loan customers.

Benefits:

  • Apply online
  • Expedited underwriting
  • Easy close via appointment
  • Access to liquidity with no collateral required

Features

TermUp to a 60-month installment loan. Terms available from one (1) to five (5) years.
Loan AmountMinimum loan is $2,500, up to a maximum loan of $25,000
CollateralNone required. This is an unsecured term loan.
Rate5.99% APR*, which is below typical unsecured loans and traditional credit card rates.
Auto DeductDebit of monthly payment is required from a BMT checking account.*

How To Qualify

Credit ScoreA minimum credit score of 680 is required.
Debt-to-IncomeA maximum of 43% debt-to-income is required.
Offer AvailableCurrent BMT Customer (deposit or loan).
COVID-19 documentation disruption is requiredThis is evidenced by employer pronouncement or Government Action/Notification which could be Local, County, State, Federal.
Income VerificationPay voucher within 60 days of pronouncement.