First Loan Program

If you need money for personal expenses or to purchase an automobile, we can help!

The First Loan Program was developed to assist military personnel on active duty in pay grades E-1, E-2, and E-3 with little or no established credit-to establish credit. The following unsecured loans and vehicle loans were designed for this program.

Unsecured Loan
Loan Amount
Payment Amount*
$1,000 max for E-1
$91.56
$1,200 max for E-2 $109.87
$1,500 max for E-3 $137.34
Term: 12 months. Rate: 17.75% APR

Vehicle (New or Used)
Loan Amount
Payment Amount*
$10,000 max for E-1
$227.99
$12,000 max for E-2 $273.59
$15,000 max for E-3 $341.98
Term: 48 months. Rate: 4.49% APR
Maximum loan amount of 90% of NADA retail value. Vehicle cannot be more than ten years old; max loan amount includes tax, title fees and license fees.

 

To Apply:

Visit your nearest Broadway Banking Center location or call our Customer Service Center.

Guardsmen and Reservists on active duty are eligible.

Applicant must establish direct deposit of military pay into a Broadway Bank checking or savings account.

Please Note: This product is not available by Internet.

 
HAVE QUESTIONS?

Customer Service Center

210.283.6611  |  800.531.7650
Speak with a Service Representative during regular business hours.

 

*Approximate monthly payment. Offer subject to credit approval. Rates subject to change without notice. Direct deposit of payroll required. Rates shown include a .25% discount for automatic payment from a Broadway Bank deposit account.

 
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