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FAQs - Secured Loans

 

Q: To apply for a Secured Loan, do I need to live in Texas?

A: Yes, it must be your primary residence.


Q: How do I apply for a home improvement loan with Central Bank?

A: The process is easy, either complete an online application or call one of our loan specialists to discuss programs and answer any questions.


Q: Now that I have applied, what happens next?

A: Your application will be decided within a business day and one of our loan specialists will reach out to you to take you through each step.


Q: Can I use my equity in my home to get a loan?

A: Yes, a secured home improvement loan can use your equity and increase the value of your home.


Q: Is there a penalty for paying the loan off early?

A: There are no pre-payment penalties so you can pay off the loan at any time.


Q: How do you handle the disbursements/draws?

A: Checks are made payable to the homeowners and pool contractor according to the draw schedule and mailed to the homeowners after closing.

 

Secured Apply Now

 

FAQs - Unsecured Loans

 

Q: To apply for an Unsecured Loan, do I have to live in Texas?

A: No, we provide unsecured loans Nationwide through our premier partners.


Q: How long does the loan approval process take?

A: You can apply online in minutes and on average get a decision in 1- 2 business days.


Q: What can I use my funds for?

A: You can use your funds for virtually anything related to improving your home, from a swimming pool to outdoor kitchens, landscaping & hardscaping, even internal improvements like bathroom and kitchen remodels.


Q: Is there a penalty for paying the loan off early?

A: There are no pre-payment penalties so you can pay off the loan at any time.


 

Unsecured Apply Now

 

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