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How do Brookwood Loans work? |
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Brookwood Loans are consumer loans that have 36 monthly payments, similar to a car payment. The first payment is due 37 to 40 days from the date of your loan agreement. Payments are due on the same day each month.* There are NO hidden fees or "Balloon Payments."
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What amounts are offered? |
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MetaBank offers unsecured loans of $1000, $1500, $2000, $2500 and $3000.
The amounts of
monthly payments depend on loan amount. Complete disclosure of APR, fees,
and payment terms are available upon request. Limited documentation is required
with each new application. Credit approval and credit terms depend upon the
Lender’s credit standards and review of applicant’s credit worthiness.
| Loan Amount |
Annual Percentage Rate w/
Electronic Processing |
Annual Percentage Rate w/
Manual Processing |
Loan Period |
| $1,000.00 |
96.00%
(Monthly Payment: $85.34)
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96.00%
(Monthly Payment: $85.34)
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36 Months |
| $1,500.00 |
96.00%
(Monthly Payment: $128.02)
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96.00%
(Monthly Payment: $128.02)
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36 Months |
| $2,000.00 |
96.00%
(Monthly Payment: $170.69)
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96.00%
(Monthly Payment: $170.69)
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36 Months |
| $2,500.00 |
96.00%
(Monthly Payment: $213.36)
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96.00%
(Monthly Payment: $213.36)
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36 Months |
| $3,000.00 |
96.00%
(Monthly Payment: $256.03)
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96.00%
(Monthly Payment: $256.03)
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36 Months |
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How do I get a free email account? |
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Many websites provide free e-mail accounts. While Brookwood Loans and MetaBank are not affiliated with any of these sites, some are: Yahoo.com, Hotmail.com, or Google.com. To obtain a free e-mail account from one of these providers, go to their site and look for their link to "Free e-mail account" and follow the instructions. For Yahoo, the process works as follows:
- Go to www.Yahoo.com
(Yahoo.com link will direct you away
from the Brookwood Loans site)
- Click on Free mail: Sign Up
- Fill out the form and create your Yahoo! ID
- Click on the "I Agree" button when you are finished entering in all of the required information.
- Once you reach the Registration Completed screen, click on the "Continue without installing Yahoo! Toolbar" button.
- Click on the "No thanks, remind me later" link.
- Click on the yellow "Go to My Mail" button to retrieve your free yahoo mail.
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Does MetaBank check my credit? |
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Yes. We check your credit with major credit reporting agencies.
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How much is the application fee? |
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$0. We do not charge an application fee.
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Can I apply for a loan? |
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Yes, if you:
- are at least 18 years old
- have a Social Security Number
- have a valid US checking account in your state of residence
- are a resident of one of the State(s) in which we are accepting applications
(currently Arizona, Arkansas, Tennessee, Kentucky, New Mexico, Hawaii, Mississippi, Wyoming, Florida, Texas, Ohio, Pennsylvania, Oregon, Nebraska, Rhode Island, Alaska, Connecticut, Washington, Indiana, Oklahoma, Maryland, Maine, Massachusetts, Michigan, Alabama, California, Delaware, Idaho, Illinois, Missouri, Montana, New Hampshire, Utah, and Wisconsin.Alaska, Alabama, Arkansas, Arizona, California, Connecticut, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Kentucky, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, New hampshire, New mexico, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, Tennessee, Texas, Utah, Washington, Wisconsin, and Wyoming.)
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When are you open? |
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We accept applications 24 hours a day, 7 days a week, online at www.brookwoodloans.com.
However, we are only able to offer 1-hour processing time Monday through
Friday, from 8:00 AM to 4:30 PM Central Time. Any application not submitted
during these hours will be processed at the beginning of the next business day.
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What documents will I need to provide? |
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You will need: |
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- a copy of your driver's license
- a voided check from your active checking account
- a copy of your most recent bank statement
- a copy of your most recent pay stub
If you are self-employed, you will also need certain tax documents.
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Is "www.brookwoodloans.com" secure? |
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Yes, our website is set up and maintained to ensure our customers'
information is secure. We use NSA-certified 128-bit encryption with a
Secure Socket Layer connection to ensure that our customers have the same
level of security afforded to the United States Government. If you are still
unsure about the security of doing business with MetaBank and Brookwood
Loans online, feel free to call one of our representatives between 8:00 AM
and 4:30 PM Central Time Monday through Friday at 1-866-784-2534.
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What can I expect after my application is approved? |
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We will ask you to fax in a copy of your driver’s license, a voided check,
a copy of your most recent bank statement, and a copy of your most recent pay stub.
You will then have an opportunity to review the payment terms and
make a decision whether to accept or reject the loan offer. If you decide to
accept our offer, you will complete our online loan agreement and execute
the loan agreement electronically.
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How fast will I get my money? |
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If the loan agreement is completed online before 1:00 PM Central Time,
you should get your money the same day; otherwise, you will get it the next
business day. Business hours of operation are Monday through Friday, from
8:00 AM to 4:30 PM Central Time.
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What is the interest rate? |
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Brookwood Loans have an Annual Percentage Rate ("APR") of 96%.
*Higher rates may apply for approved applicants that choose our manual loan funding process.
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What fees will I have to pay to get my loan? |
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None.
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How do I make payments on my Brookwood loan? |
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Typically, payments are withdrawn automatically from your checking account
monthly on your due date, using our e-pay service. Alternative payment methods are allowed.
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Is there a penalty for paying my loan off early? |
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No.
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What if I have questions about my account or need answers to general information? |
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You can call Brookwood Loans' customer service department at 1-866-784-2534,
Monday through Friday, from 8:00 AM to 4:30 PM Central Time.
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Can I check my account balance on-line? |
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Yes! Just click the login button on the top navigation bar, or click here, and enter your login information to take you to your Brookwood Loans Online Management System.
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*If your payment day falls on the 29th, 30th, or 31st and the month does not have that day, then your due date will fall on the last day of the month.
Brookwood Loans is a trade name for MetaBank. Loans are made by
MetaBank, a federally-chartered savings bank in Sioux Falls, SD
("MetaBank"). Loan amounts from $1,000 to $3,000. The amounts of
monthly payments depend on loan amount. Complete disclosures of
APR, fees, and payment terms are available upon request from
MetaBank at PO Box 91607, Sioux Falls, SD 57109, telephone
1-866-582-7759. Limited documentation is required with each new
application.
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