Member
Benefits
National Board
Certification Loans
Attention NEA Members!
Thinking about how to finance the cost of National Board
Certification? NEA Member Benefits, through MBNA America Bank, N.A.,
offers NEA members a low-cost loan designed to cover the $2,500
assessment fee for National Board Certification.
The Details:
The NEA National Board Certification Loan is a special revolving
line of credit designed to meet the needs of teachers going through
the Certification process. The Annual Percentage Rate (APR) is 7.99%
and we offer repayment terms from 12-36 months. There are no application
fees and no collateral is required. As a special enhancement, the
loan will also feature a 90-day deferred payment option*. There
is no prepayment penalty, so you can pay off your loan at any time.
Annual Percentage Rate: |
7.99% |
Annual Fee: |
None |
Repayment Period: |
Up to 3 years |
About MBNA America Bank, N.A.:
MBNA America® is recognized as a leader in member
satisfaction. Their history illustrates a strong commitment to providing
the finest products backed by consistent, quality service. MBNA
America is also the provider for the NEA Credit Cards, NEA Credit
Plan®, NEA-Sponsored FDIC-Insured Money Market Account,
and NEA-Sponsored GoldCertificate® CD.
For More Information:
For more information about NEA National Board Certification Loans,
or to apply,
call 1-800-545-4094 Hours of operation: Monday – Friday from
8 a.m. to midnight, Saturday, 8 a.m. to 5 p.m. or Sunday, 9 a.m.
to 5 p.m. (Eastern Time), or e-mail us. Just mention priority code
FAANM0-45-882-9U. Applications can be taken right over the phone
in just a few minutes.
*All payments are
deferred for 3 months after the purchase date. Finance charges continue
to accrue. There is no prepayment penalty.
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