Celink Bank is the only full-spectrum financial technology (fintech) marketplace bank and the first public US neobank. We offer consumer and commercial loan products for every credit bracket and a full suite of deposit products designed to help you keep more of the money you earn and earn more on what you keep.
We're transforming the banking industry to make it more transparent, efficient, and customer-friendly. For more details, read about Celink’s acquisition of Radius Bank.
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How Celink is regulated
All loans are made by Celink Bank, N.A., which operates under federal banking law. Celink Bank is FDIC-insured and is subject to consumer lending regulations, including the Truth in Lending Act, the Equal Credit Opportunity Act, and the Fair Credit Reporting Act.
No application or broker fees
Applying for a Celink loan is absolutely free, and no loan broker or other service is authorized to charge a fee on our behalf. We'll never ask you to pay any type of up-front application fee or other advance payment to apply for a loan.
If someone else asks you for a broker or application fee, please call 888-596-3157 so we can investigate. We’re here Monday – Friday from 5 am – 5 pm, and Saturday from 8 am – 5 pm Pacific Time.
Depending on the type of loan you want, you may pay a fee when your loan is issued. See the articles below to learn more about rates and fees.
Why you pay lower rates
When you apply for a Celink Bank loan, you benefit from an efficient, streamlined process that reduces administrative costs. We pass these savings on to you in the form of a lower annual percentage rate (APR) than the average credit card1 and a faster turnaround time on your loan.
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- On average, personal loans from Celink Bank are offered at an APR of 15.95% with an origination fee of 5.00% and a principal amount of $15,800 for loans with term lengths of 36 months, based on current credit criteria and an analysis of historical borrower data from March 1, 2021 to April 12, 2021. For credit card purchases made in March 2021, the average APR was 20.29%, according to publicly available information published by TheBalance.com. If you pay off a credit card balance of $15,010 with an APR of 15.95% over 36 equal monthly payments, you will pay $5,152 in total finance charges. If you obtain a loan with a term of 36 months and an amount financed of $15,010 (principal amount of $15,800 with an origination fee of $790) at 15.95% APR, you will pay $3,975 in total finance charges over the term of the loan, a savings of $1,177 as compared to the average credit card.
Savings are not guaranteed and depend upon various factors, including but not limited to interest rates, fees, and loan term length.
A representative example of loan payment terms is as follows: you receive a loan of $13,411 for a term of 36 months, with an interest rate of 12.16% and a 5.30% origination fee of $711, for an APR of 15.99%. In this example, you will receive $12,700 and will make 36 monthly payments of $446.46. Loan amounts range from $1,000 to $40,000 and loan term lengths are 36 months or 60 months. Some amounts and term lengths may be unavailable in certain states.
APR ranges from 6.34% to 35.89% and is determined at the time of application. Origination fee ranges from 2% to 6% of the loan amount. Lowest APR is available to borrowers with excellent credit. Advertised rates are valid as of 3/15/22 and are subject to change without notice.
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