BetterLife Student Loan
A better student loan to get you into a home
Investing in an education could mean carrying long-term student debt which can become an obstacle to owning your own home. Gate City Bank offers the BetterLife™ Student Loan for qualified individuals with student loan debt who want to consolidate their existing student loan(s) and purchase a home in North Dakota or western Minnesota.
BetterLife™ Student Loan Features
The BetterLife™ Student Loan can help reduce your student loan payments with features including:
• 1.25% APR*
• Up to 10 years repayment (minimum of 36 months)
• No fees
BetterLife™ Student Loan Eligibility
The BetterLife™ Student Loan is available to individuals who already have a student loan and meet certain eligibility requirements:
- Purchasing a primary residential home in North Dakota or western Minnesota and getting a mortgage through Gate City Bank
- College degree or trade certification (A copy of the degree or trade certification is required)
- 12 months of repayment history on existing student loan (A copy of loan payment history for each loan being consolidated is required)
*Terms and conditions may apply. Loan payment example: A $25,000 student loan at 1.25% interest rate for 120 monthly payments of $221.73 with no fees will have a 1.25% APR.