Community Support Loan

Highpoint Community Bank is offering a personal loan for those whose employment or business has been affected by COVID-19.  Features:

• No interest, no payments for 4 months
• 0% APR* for the first 4 months, then a fixed rate of 5.25% APR* for the remainder of the term up to 60 months total
• Loan amounts up to $2,500 with terms up to 36 months
• Loan amounts $2,501 to $5,000 with terms up to 60 months
• No processing fee
• Borrower(s) must have a qualifying event: laid off or reduced hours
• Previous income prior to layoffs or reduction in hours will be considered
• Apply online at www.highpointcommunitybank.com

* Annual percentage rate. Payment example: a $2,500 loan with a 32 month term at 5.25% APR will have 32 monthly payments of $83.89. A $5,000 loan with a 56 month term at 5.25% APR would have 56 monthly payments of $100.86. With 0% fee, the APR is the same as the offering rates: 0% for 4 months and 5.25% APR for the remaining term. Subject to credit review and approval.