If you’re a current member or eligible for membership, TEG can help you establish a credit history with one of our First Time Borrower Loans. We’ll get you started the right way with advice on what you can afford and how to establish good credit.
A cosigner is not required, and you can use a First Time Borrower Loan for almost any purpose.
- Minimum amount: $500
- Maximum amount: $1,000
- .25% discount for automatic transfer method of payment
- Must have a consistent source of income for at least 6 months
- No credit history on the credit report
- Debt-to-income ratio (DTI) of 35% or less, including housing expense
- Proof of income required
- References required
We also offer First Time Borrower Vehicle Loans.
If you need a loan but have a difficult credit history, our Fresh Start Loan might be a better fit for you.
For assistance, more information, or rates, give us a call at (845) 452-7323 or visit any of our branch locations. We’ll be happy to help you!