Refresh Your Finances with a TBO Installment Loan
Transparent loan costs with no hidden fees.
What is an Installment Loan?
An unsecured installment loan is a loan that does not require collateral and is repaid in fixed payments over a set period. Because it’s not backed by assets, approval is based on factors like credit history, income, and financial stability.
With TBO Bank personal loans, you can pay off your loan or make additional payments anytime without fees or penalties. Repayment begins on your next pay date, with payment schedules typically aligned with your income cycles to make budgeting easier.
Understanding Loan Terminology
- Origination Fees: We won’t charge you origination fees like other lenders. Receive funds without the extra cost.
- Interest Rate: The percentage of your total loan amount you pay annually, spread across your payments.
- Annual Percentage Rate: The true cost of borrowing which can be used as a point of comparison across lenders.
Submit an application in just a few minutes.
If approved, funds may be deposited as soon as today.*
Small Extra Payments, Big Future Savings
By contributing more than the minimum payment, you reduce the principal balance faster, which in turn decreases the amount of interest you’ll pay over the life of the loan. This not only helps you save money but also shortens the loan term, allowing you to become debt-free sooner. It’s a simple yet effective strategy to accelerate your financial goals and gain peace of mind more quickly.
By adding just an extra $5–$15 to your payment, you can significantly impact your total loan cost—essentially the same as skipping a coffee once a month! This small contribution can help you save on interest and pay off your loan faster.
† The above terms are for illustrative purposes only and may not reflect the actual terms available to you. This example assumes all scheduled payments are made on time. This example is a $1,600 loan, 24 month term installment loan consisting of 52 payments of $215.08 due bi-weekly at 349.02% Annual Percentage Rate (APR). Reduction in total payments and finance charges may vary based on your specific loan amount, rate, scheduled due dates, and amount of each additional principal reduction payment. Interest rates vary, on all 24 month TBO Bank loans. Example is for Illustration purposes only.
We Are Here to Help
If you have questions, please feel free to reach out to our team. We can answer your questions and walk you through the process.
Fill out the form to get started!
Additional Contact Methods:
- 8:00am - 6:00pm CT
- supportteam@tbobank.com
- 561.462.8527
Have Questions?
*All applications are subject to credit approval, verification, and underwriting. Funding times may vary.
