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Consumer Loan Program

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.

Car IconAuto Loan
8% – 12% Interest*

Loan funds may be used for the purchase, repair & re-financing of an automobile.

What to Expect

Once you start your application, you will be able to track every step of the process in our Lender Fit application. You’ll have a checklist of everything you need to qualify for your loan, so there’s no confusion along the way. The system will also send you reminders when necessary to keep your application on track.

Documents You’ll Need

To process your application, you will need to gather the following documents:

  • Proof of Income
  • Valid Driver’s License (required for all auto loans)
  • Tribal ID or Employee ID
  • Bank Statement
  • Purchase Agreement (for a purchase) or 10-day Pay off Statement (for refinancing)

* Interest rates are based upon the applicant’s credit score for automobile loans.

Loan Processing Fee Due at Loan Closing

  • Loan disbursement under $2,000: Fee of 5% of the loan amount
  • Loan disbursements of $2,000 to $5,000: Fee of $100
  • Loan disbursements over $5,000: Fee of $150

Wallet IconPersonal Loan
12% Interest

Loan funds may be used for personal expenses up to $5,000.

What to Expect

Once you start your application, you will be able to track every step of the process in our Lender Fit application. You’ll have a checklist of everything you need to qualify for your loan, so there’s no confusion along the way. The system will also send you reminders when necessary to keep your application on track.

Documents You’ll Need

To process your application, you will need to gather the following documents:

  • Proof of Income
  • State ID or Driver’s License
  • Tribal ID or Employee ID
  • Bank Statement
  • Proof of Insurance

Additional Requirements

To qualify for the Personal Loan, you must sign up and complete the Online Financial Wellness Module. Lender Fit will ask you to upload your certificate of completion.

Loan Processing Fee Due at Loan Closing

  • Loan disbursement under $2,000: Fee of 5% of the loan amount
  • Loan disbursements of $2,000 to $5,000: Fee of $100
  • Loan disbursements over $5,000: Fee of $150

Consumer Loan Application

“I was led to Chi-Ishobak due to a financial burden I had weighing on my shoulders for years. They helped me turn my financials around, and to this day, I’m still following the path”

John T. Warren, Pokagon Band of Potawatomi

House iconEmergency Home Repair Loan
12% Interest

Loan funds may be used for emergency repairs to or for a home.

What to Expect

Once you start your application, you will be able to track every step of the process in our Lender Fit application. You’ll have a checklist of everything you need to qualify for your loan, so there’s no confusion along the way. The system will also send you reminders when necessary to keep your application on track.

Documents You’ll Need

To process your application, you will need to gather the following documents:

  • Proof of Income
  • State ID or Driver’s License
  • Tribal ID or Employee ID
  • Bank Statement
  • Proof of Insurance
  • An estimate from a Licensed Mechanic or Contractor

Loan Processing Fee Due at Loan Closing

  • Loan disbursement under $2,000: Fee of 5% of the loan amount
  • Loan disbursements of $2,000 to $5,000: Fee of $100
  • Loan disbursements over $5,000: Fee of $150

Open hand and a percentage sign iconCredit Builder Loan
12% Interest

Loan funds are used for the sole purpose of building and/or building credit from $500 to $1,500. Funds are not disbursed until all payment obligations have been met. All payment activity is reported to all three credit bureaus.

*Loan amounts are based upon credit and capacity.

What to Expect

Once you start your application, you will be able to track every step of the process in our Lender Fit application. You’ll have a checklist of everything you need to qualify for your loan, so there’s no confusion along the way. The system will also send you reminders when necessary to keep your application on track.

Documents You’ll Need

To process your application, you will need to gather the following documents:

  • Proof of Income
  • State ID or Driver’s License
  • Tribal ID or Employee ID
  • Bank Statement

Additional Requirements

To qualify for the Credit Builder Loan, you must sign up and complete the Online Financial Wellness Module. Lender Fit will ask you to upload your certificate of completion.

Loan Processing Fee Due at Loan Closing

  • Loan disbursement under $2,000: Fee of 5% of the loan amount
  • Loan disbursements of $2,000 to $5,000: Fee of $100
  • Loan disbursements over $5,000: Fee of $150