First Niagara Bank N.A. announced it is reestablishing its YouFirst Neighbor Loans program to aid homeowners in four Northeast states affected by recent winter storms.
First Niagara”™s unsecured loan program offers eligible consumers fixed rate loans between $1,000 and $10,000 over terms of one to five years. The annual percentage rate on the emergency loans is 4.99 percent. No application, closing costs or prepayment fees are necessary, but certain conditions and restrictions may apply, bank officials said.
Applications may be submitted through March 31. Loans can be approved in 15 to 30 minutes.
The special loan program is available to residents in eastern New York, Connecticut, Massachusetts and eastern Pennsylvania who have been affected by this unusually severe winter storm season.
“Homeowners need quick access to funds to address emergency repairs and costs caused by this winter”™s severe weather,” Cathie Schaffer, regional president at First Niagara”™s Nyack office, said in the announcement. “YouFirst Neighbor loans are designed to hasten the application process for customers, in the wake of weather-related damage to their homes and other property, so we”™re pleased to be able to serve as a source of emergency funding in the communities we serve.”
The Buffalo-based bank first launched the loan program in 2012 to provide support to customers affected by Hurricane Sandy.
For more information on the program, call (800) 421-0004 or visit www.firstniagara.com.
