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.
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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.
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