Your monthly payments will vary based upon the amount of money you borrow.
|13 – 60 Months||$2,213.43||$1,106.72||$442.69||Interest + Principal|
* Interest will be simple; Principal and interest monthly payments required based on a straight-line amortization assuming full repayment at 60 months
No, you do not need collateral to receive a New York Forward Loan Fund loan.
Yes, you can apply to another participating CDFI lender if you match with multiple participating CDFI lenders. HOWEVER, the approval parameters for participating CDFI lenders are largely identical and we ask that if you do apply to more than one lender you ONLY do so if your loan has been rejected by another lender.