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Unsecured Cosigner Loan Terms

- In order to apply for an unsecured cosigner loan, each person has to complete and submit a separate application

 

- Minimum unsecured cosigner loan principal is $100

 

- Maximum unsecured cosigner loan principal is $25,000

 

- Maximum unsecured cosigner loan duration is 60 months (5 years)

 

- Unsecured cosigner loans with a principal of $500 or less can have a duration no longer than 12 months (1 year)

 

- Unsecured cosigner loans with a principal of $1000 or less can have a duration no longer than 24 months (2 years)

 

- Cosigner must be in equal or greater financial position than the maker

 

- Maker should be able to repay the loan balance independent of the cosigner

 

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