If approved, the applicant will receive the loaned amount from Fifth Third Bank. The participant will also receive a payment book from Fifth Third. The State Treasurer's Office will monitor compliance with the guidelines of the program and will require equipment purchase verification or inspection. The Loan There are no fees or charges associated with the application or loan other than the finance charge. Standard credit criteria will be applied.
Approved loans are unsecured at a below market fixed rate.
The term of the loan can be up to five years. Failure to comply with the purchase or payment guidelines will result in the interest rate reverting to a typical rate associated with an unsecured installment loan. The Process 1. You need Adobe Acrobat Reader to download this application. Approval Processing Completed applications should be returned to the Treasurer of State, where program eligibility and medical verification will be determined.