Kasasa Take-Back Loans
Most banks make you choose between paying off your loan faster or saving for a rainy day. A loan with Take-Backs gives you the best of both worlds.
Here's How Take-Backs Work
Pay ahead on your loan
Pay more than your monthly minimum as your budget allows. This will put you on track to pay off your loan ahead of schedule.
Build your Take-Back® balance
Every dollar you pay above your minimum payment gets added to your Take-Back balance. You can access this extra cash anytime for any reason.
Get out of debt faster
The more you pay ahead, the sooner you can pay off your loan. And the more money you have available to access if you need it later.
Save on interest payments
Paying off your loan early means you’ll owe less interest. The sooner you pay off your balance, the more money you’ll save!
When could you use a Take-Back?
You can withdraw cash from your Take-Back balance whenever you want. Take care of surprise costs right away. Or keep saving for a rainy day. It’s your call.
- Cover healthcare expenses.
- Pay for auto repairs.
- Take your pet to the vet.
- Book a last-minute trip.
- Finish your holiday shopping.
Take Control of Your Loan with the Dashboard
This free tool makes it easy to manage your loan. Log in to online banking to view your Take-Back dashboard anytime.
- Preview the impact of extra payments.
- Change your monthly loan payment.
- See how much you’ll save on interest.
- View your Take-Back balance.
- Access your extra cash at any time.
Manage Debt Differently
There are no fees for using Take-Backs. Your rate and term remain the same. Make sure your loan comes with Take-Backs.
Disclosure:
Take-Back Feature: When activated, your loan’s free Take-Back feature allows you to make additional payments, above and beyond your required monthly minimum payments, and draw back against some or all of those additional funds (“Take-Back Balance”) throughout the term of your loan – with no fees or changes to your loan’s original term or interest rate. All loan payments are applied as documented in your loan’s Truth in Lending disclosure. Subject to applicable law, all payments are applied at our discretion. Additional payments do not eliminate your requirement to make your loan’s monthly minimum payments. Activation requires you to agree to and execute an addendum to the original loan agreement(s). All other terms of your original loan apply.
Dashboard: Your loan’s free Take-Back feature comes with a convenient digital user interface (“Dashboard”) that enables you to view your current balance; review payment history; adjust your monthly payment; activate auto-pay; make one-time payments; calculate potential interest saved and term reductions; manage your personal profile; see your available Take-Back Balance and execute Take-Back transactions.
Contact us for additional information, details, and activation instructions.
Take-Back, Take-Backs are a trademark of Kasasa, Ltd., registered in the U.S.A.