Is collateral required for a Boost loan?
Boost’s primary goal is to help clients achieve their financial objectives. Our approval process requires collateral or a guarantor for your initial loan. However, as you build your relationship with Boost the need for collateral decreases.
How long does it take to process my loan application?
Loan applications are processed within 24 hours of the submission of required documents.
How long after approval does it take for me to receive the funds?
Once the approval process has been completed; disbursement takes place within hours.
Do I have to apply for my loan in person?
You may begin the process online. However at some point in the application process we would like to meet you to better understand your financial goals. You are joining the Boost Family after all.
What is the maximum amount that I can borrow?
Our personal loans typically range from $300,000 to $800,000.00. Our business loans range from $500,000 to $5 million. However, should you require greater funding, we will be happy to assist you in securing same. So call or come into talk with us.
Is there a penalty for early repayment?
At Boost we are flexible and focused on seeing you in the best financial health. There is therefore no penalty charge for early repayment.
