Financing
Since we are a smaller company, our financing options are limited. We have partnered with RocketLoans to offer personal loans. We also accept PayPal Credit as an option. PayPal offers short term rates as well. If you have questions regarding PayPal credit, please speak with a Struck product specialist for more information. We have also found that most customers can get great rates through their local bank or credit union. The banks will require a formal quote with all charges, etc. to offer you a financing rate and terms. You can request a formal quote from us by clicking this link here or by calling us today at 1-877-828-8323.
Rocketloan Financing
- To see your financing options, just click the RocketLoan image. You’ll be directed to their website, where you’ll need to fill out a short page of basic questions. Interest rates and loan terms vary based on credit scores. 36 month to 60 month loan terms are offered. USA Only, not available in Nevada, Iowa, or Vermont. Ohio requires minimum loan of $5,001.
- Choose the loan amount, term and rate you’d like from the options you’re pre-qualified for.
- Log in to your bank to share a one-time, read-only overview of your account info. By sharing your info electronically, you typically won’t have to upload any income documents and you’ll receive your money faster.
- E-sign the agreement and receive your money.
- Choose where you’d like your money deposited, e-sign your agreement and your money will be on its way in as little as one business day.
- Once your money is in your account, contact us to move forward with your purchase. Pay us directly, by either by a cashiers check or wire transfer.
- Your manual is shipped out, along with a sales order reflecting your payment. Once your machine is completed and your sales order is paid in full, your machine will ship in approx. 4-8 weeks. We will always call before we ship anything. We can plan around vacations, holidays, etc.
About Rocket Loans Personal Loans
What Is a Personal Loan?
A personal loan is an unsecured installment loan with a fixed interest rate that is repaid in equal monthly payments.
Benefits of a Personal Loan
A RocketLoans personal loan provides you with a simple, automated process to get your money into your bank account quickly and efficiently. Personal loans are most popular as Debt-Consolidation Loans, which allow you to consolidate high-interest credit card accounts into a single, low, fixed monthly payment with a specific time period to eliminate the debt. Other popular uses are to make Home Improvements, or to make major purchases.
What Should I Know?
RocketLoans platform is simple, fast and secure. Their platform works by sharing data electronically, so they’ll need you to:
- Verify your identity electronically
- Verify your income electronically
- Log into your bank account
- Validate your bank account electronically
Finance Example
A finance charge is the total cost of the loan, including all interest and fees incurred at the time of origination (i.e. fees that are financed). See below for an example:
Loan Amount: $10,000
Origination Fee (4%)*: $400
Net Funds Deposited Into Your Account: $9,600
Term: 36 Months
Annual Percentage Rate (APR): 10.8%
Interest Rate: 8.0%
Monthly Payment: $313.36
Total Interest: $1,281.09
Total Finance Charge: $1,681.09
The interest represented assumes full payments each month for the entire term of the loan using autopay repayment. RocketLoans Personal Loans never have a pre-payment penalty, so the loan can be repaid at any time by making a full payment of the remaining balance and incurred interest at the time of payoff.
Qualified clients using RocketLoans will see loan options for a 36 or 60 month term, and APR ranges from a minimum of 5.983% (rate with autopay discount) to a maximum of 29.99% (rate without autopay discount).
*An origination fee of 1% – 6% is charged to each loan. The fee will be deducted from the balance of the loan before the funds are disbursed to the client.
Disclaimer:
RocketLoans Personal Loans never have a pre-payment penalty, so the loan can be repaid at any time by making a full payment of the remaining balance and incurred interest at the time of payoff. Qualified clients using RocketLoans will see loan options for a 36 or 60 month term, and APR ranges from a min of 5.983% to a max of 28.99% depending on credit profile. An origination fee of 1% – 6% is charged to each loan. The fee will be deducted from the balance of the loan before the funds are disbursed to the client. Not available in Nevada, Iowa, or Vermont. Ohio requires minimum loan of $5,001. All personal loans are made by Cross River Bank, a New Jersey state chartered commercial bank, Member FDIC, Equal Housing Lender. All loans are unsecured, fully amortizing personal loans. Eligibility for a loan is not guaranteed. Please refer to our Disclosures and Licenses page for state-required disclosures, licenses, and lending restrictions. Qualified clients using RocketLoans will see loan options for a 36 or 60 month term, and APR ranges from a minimum of 5.983% to a maximum of 28.99% depending upon their credit profile. An origination fee of 1% – 6% is charged for each loan. This fee is deducted from the balance before funds are disbursed to the client. For example, a 3 year $10,000 loan with an 8% interest rate and a 4% ($400) origination fee would have 36 scheduled monthly payments of $313.36 for an APR of 10.796%. Borrower must be a U.S. citizen or permanent U.S. resident alien at least 18 years of age (in Nebraska and Alabama a borrower must be at least 19 years of age). All loan applications are subject to credit review and approval and offered loan terms depend upon credit score, requested amount, requested loan term, credit usage, credit history and other factors. Not all borrowers receive the lowest interest rate. To qualify for the lowest rate, you must have excellent credit and meet certain conditions. Rates and Terms are subject to change at any time without notice. Same Day Funding availability for loan amounts up to $25,000, and client must complete loan process and sign Promissory Note by 1:00PM ET on a business day. Also note, the ACH credit will be submitted to your bank the same business day. This may result in same day funding, but results may vary and your bank may have rules that limit our ability to credit your account. Similarly, we are not responsible for delays which may occur due to incorrect routing number, account number, or errors of your financial institution. Please refer to our Terms of Use for additional terms and conditions, and to RocketLoans’ Privacy Notice and Cross River’s Privacy Notice to learn more about what we do with your personal information. RockLoans Marketplace LLC dba RocketLoans | 1274 Library Street, 2nd Floor,Detroit, MI 48226
