When you pay more than the minimum payment on your loan,
that extra money not only helps pay down your loan,
but also builds a Take-Back Balance which can be accessed at any time, if needed.
This means your borrowers have the option to pay extra each month, allowing them to save on interest and pay down their loan faster with the confidence that they can take it back if they need it.
Take-Backs are specifically engineered to ensure the original amortization schedule stays intact so you're able to offer borrowers an innovative solution that fits their needs without ever changing the underlying credit risk of the asset.
Your borrowers don't even have to use their Take-Back Balance to have access to the beautiful Take-Back Dashboard. It's just one click from your online banking experience into the dashboard using single sign-on (SSO). Take-Backs are already core and online banking integrated, so it's as easy for your team as it is for your customers. Give it a whirl:
Loan Balance
$21,020.24
Take-Back Balance
$1,990.80
Projected Savings
$595
Adding Take-Backs to your institution's loan offering is a straightforward process. All you have to do is fill out the form with your details, and we will get in touch with you right away.