Understanding loans

A loan gives you access to the cash you need today, and lets you repay those funds over a period of time. In exchange for this convenience, you'll need to pay extra fees in the form of interest.

To get more out of your loan, it's important to understand the basics, such as how much you can afford to borrow, what your responsibilities are, and how much your loan will cost you. That way, you can maintain a good credit rating, minimize your costs, and continue to enjoy the best rates and terms on all our loan products.

Used wisely, a loan can help you achieve your financial and personal goals sooner. It can help you make a big purchase sooner, take advantage of a great investment opportunity, or pay less interest on your credit card balances or other debts. It can also give you the funds you need to go back to school or pay for your children's education.

Browse these resources to learn more about your options and responsibilities as a borrower.

Managing debt

How much loan can you afford to take out? How much debt is too much? Find out how to calculate the amount of debt you can comfortably carry.

Calculating your net worth

Your net worth determines how much money you can borrow. We'll show you how to combine your assets and liabilities to calculate your net worth.

Loan applications

Find out what happens when you apply for a loan, what we look for in your application, and how you can improve your chances of being approved.

Apply for a loan

Ready to apply for a loan? We make it easy, with an online application process that can take as little as five minutes.

Borrower responsibilities

When you take out a loan, you have certain legal responsibilities. See what they are, and what the consequences may be if you don't meet them.

Using credit

By using credit wisely, you can save money and improve your financial stability. Follow these smart tips to get more out of your loan or credit card.