(817) 825-3710
How do I apply?
Start the application process here or contact us for more information.
How can I get the lowest interest rate possible?
Several factors go into determining the interest rate on a loan but the three items that will improve the rate the most would be:
- Sponsorship by a future employer
- Applying with a co-borrower
- Setting up automatic ACH for the repayment of the loan
Will applying for a loan affect my credit score?
- The initial loan application will include a “soft” credit check which may be recorded on your credit report but will not affect your credit score.
- If you accept loan terms offered by EPH Finance a “hard” credit check will be performed which will be recorded as an inquiry on your credit report and could impact your credit score.
Can I apply even if I have bad credit?
Yes, many factors go into the evaluation process and EPH Finance wants to find a way to finance every qualified candidate.
Can I apply with a co-borrower?
Yes, this is highly encouraged and will most likely result in a lower total cost of borrowing versus applying without a co-borrower.
When do I start paying back my loan?
EPH Finance works with each individual to find the right repayment plan. This could include deferred payments or interest-only payments for a period of time in order to set each candidate up for future financial success.
Can I pay back my loan early?
Yes, there are no penalties for paying a loan back early or making payments ahead of schedule.
What if I don’t complete trade school?
If you decide not to attend trade school after accepting a loan offer but prior to EPH Finance funding the loan then it will simply be canceled with no further obligation from the borrower.
If you are not able to complete school after starting a term EPH Finance will work with your school to secure a refund in accordance with the school’s refund policy. Any remaining balance on the loan after a refund has been received will be the responsibility of the borrower.