Consumer Loan Program
Chi Ishobak understands that traditional lending institutions (banks, credit unions, etc.) may not be an option for everyone. It is Chi Ishobak’s goal to provide Tribal Citizens with an avenue other than payday loans or predatory lending organizations with high interest rates for automobile purchases and credit building efforts. This program is designed not only for immediate transportation needs, but also for long-term family capacity building.
Automobile Loan – Loan amounts are based upon credit and capacity; interest rates are based upon credit score
Credit Builder Loan* – Loan amounts from $500 to $1,500
* Loan funds are not disbursed until all payment obligations have been met. This loan is not designed for access to immediate funds. It is designed for the sole purpose of building and/or repairing credit.
Items required for application:
- Consumer loan application form
- Purchase Agreement from seller for an Automobile Loan