APPA/NARI Unsecured Personal Loan Program

Since 1959, the American Professional Practice Association™ and the National Association of Residents and Interns™ have sponsored over half a billion dollars in loans to medical professionals. Mortgages, credit card bills, car payments, office rent, taxes, and debt consolidation - for these things and more you need funds. The APPA/NARI Loan Program can help. Once approved, you can be offered up to $75,000 with only your signature as collateral. Use funds to consolidate your high interest obligations.

How much can you apply for?

Low Interest Rates - Interest-Only Payments

Now is the time to apply. Low Interest Rates are available with no prepayment penalties. You can select a fixed or variable rate. Interest - only payments may be available for up to the first 48 months of any loan and may be renewed through your second year in practice.**

Applying is easy!

The program was designed specifically to meet the particular needs of professionals like you.Simply print the application, complete it fully by printing or typing clearly. Then, mail it to Association Services, 350 Fairway Drive, Suite 200, Deerfield Beach, FL 33441-1834. Or, for even faster service, fax it to (954) 571-8582 for our immediate attention. It’s that easy!

Fixed and Variable Interest Rates

Low rates are available with no prepayment penalties. Our fixed rates are as low as 9.95% APR and our variable rates are as low as 9.25% APR*. Our variable rate changes only when the Prime rate changes.

Interest Only Payments

If you are a doctor-in-training, interest-only payments may be available for up to the first 48 months of your loan, and you may be able to apply to renew this option through your second year in practice.**

* APRs are determined by creditworthiness and other factors, so your APR may differ. Fixed rates range from 9.95% to 13.95% APR for doctors in practice and from 11.45% to 15.95% APR for doctors in training. Variable rates range from 9.25% to 13.25% APR for doctors in practice and from 10.75% to 15.25% APR for doctors in training. For variable rates, the APR is based on SunTrust Bank Prime Rate plus a margin and is subject to increase or decrease during the loan term. Prime Rate as of 4/11/07 is 8.25%. Term limitations apply. Subject to standard credit approval. If you are self-employed, on commission, or a substantial portion of your income is from a source other than salary, you may need to provide us a copy of your last two years' Federal tax returns. Exclusions and limitations apply. Rates and/or Program subject to change without notice.

** If you are a physician, you may qualify for interest-only payments up through your second year in practice. Repayment terms up to 10 years may be available, consisting of 4 years of interest only followed by 6 years of principal and interest payments. Renewal option contingent upon physician still being in training or initial 2 years of practice. Term limitations may apply. For example, on a $5,000 ten-year term, your 48 monthly interest-only payments would vary from $45.49 to $48.62. These would be followed by 72 monthly installment payments of $96.33. Your APR would be 11.45%.

If you are a pharmacist, the one time offer of interest-only payments may be available for up to the first 12 months of your loan, and 72 months of interest and principal payments thereafter. Repayment terms up to 7 years may be available, consisting of 1 year interest-only payments followed by 6 years of principal and interest payments. For example, on a $5,000 seven-year term, your 12 monthly interest-only payments would vary from $45.49 to $48.62. These would be followed by 72 monthly installment payments of $96.34. Your APR would be 11.45.

Need more information?

Call (800) 221-2168 extension 5 for more information. Specialists are available to offer assistance weekdays 9 am to 5 pm (EST). Calling after hours? Simply leave us a voice mail message and we will return your call on the next business day. You may also inquire via email to the following email address; membership@assnservices.com. We look forward to being of service.

Download Application PDF file