Our Loans
TBO Bank offers subprime installment loans that are a safer, more reliable alternative to payday loans. See how TBO Bank is different—and why it matters for your financial future.
What is Subprime Lending?
Subprime lending is designed for borrowers who may not qualify for lower-interest, prime-rate loans due to their credit history. While subprime loans come with higher interest rates, they offer a structured and transparent alternative to payday loans, providing a realistic borrowing option when traditional banks may not approve your application.
Why Your Credit Score Matters
DEEP SUBPRIME CREDIT
Very Poor Credit
Below 580
- Eligible for the lowest interest rates
- Access to traditional bank loans
- Access to favorable financing terms
- Lower risk for lenders
SUBPRIME CREDIT
Fair to Poor Credit
Below 670
- Limited access to various traditional bank loans
- Higher interest rates due to increased lending risk
- Loans available through alternative lenders like TBO Bank
PRIME CREDIT
Good to Excellent Credit
670 and Above
- Eligible for the lowest interest rates on loans
- Access to traditional bank loans
- Access to favorable and competitive financing terms
- Lower risk for lenders
TBO Bank Can Help
At TBO Bank, we believe that access to credit should be available to more than just those with perfect credit scores. You may be wondering why interest rates vary between different lenders and how your credit profile plays a role in determining those rates.
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Loan Type
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Interest Rates
|
Repayment Terms
|
Credit Score Required
|
Best For
|
|---|---|---|---|---|
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Prime Loans
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Low (Below 10%-36% APR)
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Long-term, structured monthly payments
|
Good to excellent credit (670+)
|
Borrowers with strong credit seeking low rates
|
|
SubPrime Loans
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Moderate to high (Above 36% APR)
|
Fixed installment payments over time
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Fair to poor credit (Below 670)
|
Borrowers who don’t qualify for prime loans but need structured financing
|
|
Payday Loans
|
Extremely high (300%+ APR)
|
Due in full within weeks (one lump sum)
|
No credit check required
|
Emergency cash offers quick relief but can create ongoing challenges
|
This table is provided for general educational purposes only and is intended to illustrate typical differences between loan types across the broader financial industry. The example rates shown are not specific offers or guarantees from TBO Bank. Actual rates, terms, & loan qualifications will vary based on creditworthiness, loan amount, and other underwriting criteria.
TBO Bank Stands Out from Other Subprime Lenders
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TBO Bank
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Interest Rates:
Higher, but structured and disclosed upfront -
Loan Terms:
Fixed, predictable payments -
Prepayment Penalties:
None – pay off early and save on interest -
Fees:
No origination fees, no hidden costs -
Loan Type:
Installment loan with a set repayment schedule -
Customer Focus:
Transparent and customer-friendly with educational resources -
Application Process:
Fast, online application with quick funding
-
Typical Subprime Lenders
-
Interest Rates:
Often extremely high, with hidden fees -
Loan Terms:
Some lenders push balloon payments or variable rates -
Prepayment Penalties:
Many charge fees for early payoff to keep you paying longer -
Fees:
High origination fees and service charges -
Loan Type:
Many offer payday-style loans with short repayment periods -
Customer Focus:
Often use aggressive sales tactics and misleading terms -
Application Process:
Some require multiple verification steps and long wait times
Why Choose a Subprime Loan Over a Payday Loan?
While payday loans may seem like a quick fix, they often come with extremely high fees and short repayment terms that make it difficult to break free from debt.
Subprime installment loans with TBO Bank provide a structured and manageable way to handle financial emergencies, with:
- Fixed, predictable payments
- Longer repayment periods
- No hidden fees or excessive rollover costs
Building Your Credit for Better Loan Offers
Building credit takes time, but it begins with developing responsible habits like making payments on time, managing balances, and borrowing within your means.
By using credit wisely, you demonstrate financial reliability, which can lead to improved opportunities and better financial terms in the future.
Here are a few tips to build your credit over time:
Always Make Your Payments On Time
Your payment history is the biggest factor in your credit score
Monitor Your Credit Report
Review for errors and dispute inaccuracies
Reduce Your Financial Debt
Lowering your credit utilization can boost your score
Avoid Getting Multiple Hard Inquires
Applying for too many loans at once can negatively impact your score
Why Choose TBO Bank?
Unlike many subprime lenders, TBO Bank prioritizes transparency, affordability, and flexibility. We offer installment loans with structured repayment plans, no hidden fees, and no prepayment penalties, ensuring you stay in control of your financial future.
If you need a better alternative to payday loans or other high-risk subprime options, TBO Bank provides a smarter solution—giving you access to the funds you need without trapping you in endless debt cycles.
- (561) 462-8527
- supportteam@tbobank.com
TBO Bank loans are designed to assist with short-term borrowing needs; are not intended to be a long-term financial solution and are an expensive form of borrowing. We encourage quick repayment to avoid additional finance charges.
Loan approval is subject to eligibility, credit check, and underwriting requirements. TBO Bank may conduct additional verification through national databases. Rates, terms and conditions apply. Lending decisions and funding times are subject to system limitations. Late fees, non-sufficient funds/ returned item fees may apply as described in your loan agreement.
Loan availability, rates, and terms are subject to change at the sole discretion of TBO Bank.
Loans are issued and serviced by TBO Bank, Member FDIC.
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