Loan Cost2022-08-30T17:28:10-05:00

Loan Cost

How to Lower the Total Cost of Your Loan

Line of Credit

With a Helix line of credit, you are in control. Here are three simple ways you can lower the total cost of your loan:

1. Only take out as much money as you need at any given time. You are only charged interest based on the amount of credit you have drawn, not on your approved credit limit.

2. Make more than the minimum payment. Even just a few extra dollars with each payment will lower the total amount of interest you end up paying.

3. Whenever possible, pay off your full balance. With no outstanding balance, no interest charges will accrue. (And you can still access your full line of credit whenever you need it again.)

Installment Loans

When looking at how much your Helix installment loan will cost, there are three important things to consider:

1. You only pay interest on your loan for as long as you need the money.

2. You can pay back your loan at any time without additional fees or penalties.

3. The earlier you pay back your loan, the less interest you pay.

With that flexibility, most customers with Helix installment loans end up paying off their loans well in advance of their full term, which significantly lowers the total cost.

If you’re not sure how long it will take you to pay back the loan but still want to reduce the amount of interest you end up paying, you can make additional payments any time. Even an extra $20 with each payment can decrease the amount of time it takes to pay off your loan and lower the total cost.

Questions? Concerns?

We know taking out a loan is a big decision, and we want to make sure you get a loan that really works for you. If you have questions, you can find answers to frequently asked questions and get helpful information through our Loan Sense blog.

How do I apply?2021-11-14T18:21:51-06:00

Our application is an automated online process. If approved, you can receive funds as soon as the next business day. To apply, you’ll need to provide the following information: Contact, Residence, Employment, and Income.

Get started >

See our Privacy Policy and Security information for more information on steps we take to protect your information and data.

What kind of loans does Helix offer?2021-11-14T17:48:05-06:00

Helix offers personal lines of credit and installment loans.

When will I receive my money?2021-11-14T17:39:39-06:00

The exact timing depends on a few things, including how long it takes your bank to credit the payment to your account. That said, with most banks you can expect to see the money in your account based on when you sign your loan agreement:

  • If your loan agreement was signed by 11:00 am Central Time on a business day, you should receive your money by 5:00 pm the same day.
  • If your loan agreement was signed after 11:00 am (or on a weekend or bank holiday), you should receive your money by 5:00 pm Central Time the next business day.

For more information on how the funding process works and when you can expect to receive your funds, visit helixfi.com/funding.

What is Helix by Bank of Orrick?2021-11-14T17:28:55-06:00

Helix by Bank of Orrick is a brand of Bank of Orrick, offering personal loans designed to help you quickly deal with unexpected expenses, successfully make payments, and build credit.

Loans are issued and serviced by Bank of Orrick, Member FDIC.

More Answers >

Still have questions about Helix personal loans? Contact one of our friendly loan advisors.

Call: 800.619.5309
8am-5pm Central Time, Monday-Friday

Email: info@helixfi.com

How do I apply?2021-11-14T18:21:51-06:00

Our application is an automated online process. If approved, you can receive funds as soon as the next business day. To apply, you’ll need to provide the following information: Contact, Residence, Employment, and Income.

Get started >

See our Privacy Policy and Security information for more information on steps we take to protect your information and data.

What kind of loans does Helix offer?2021-11-14T17:48:05-06:00

Helix offers personal lines of credit and installment loans.

When will I receive my money?2021-11-14T17:39:39-06:00

The exact timing depends on a few things, including how long it takes your bank to credit the payment to your account. That said, with most banks you can expect to see the money in your account based on when you sign your loan agreement:

  • If your loan agreement was signed by 11:00 am Central Time on a business day, you should receive your money by 5:00 pm the same day.
  • If your loan agreement was signed after 11:00 am (or on a weekend or bank holiday), you should receive your money by 5:00 pm Central Time the next business day.

For more information on how the funding process works and when you can expect to receive your funds, visit helixfi.com/funding.

What is Helix by Bank of Orrick?2021-11-14T17:28:55-06:00

Helix by Bank of Orrick is a brand of Bank of Orrick, offering personal loans designed to help you quickly deal with unexpected expenses, successfully make payments, and build credit.

Loans are issued and serviced by Bank of Orrick, Member FDIC.

More Answers >

Still have questions about Helix personal loans? Contact one of our friendly loan advisors.

Call: 800.619.5309
8am-5pm Central Time, Monday-Friday

Email: info@helixfi.com

Bank of Orrick

Loans are issued and serviced by
Bank of Orrick, Member FDIC:
P.O. Box 199
Orrick, MO 64077

Bank of Orrick, Member FDIC

IMPORTANT DISCLOSURES

This is an expensive form of borrowing and it is not intended to be a long term financial solution. Please note: Helix by Bank of Orrick loans are designed to assist you in meeting your short-term borrowing needs and are not intended to be a long term financial solution. Examples of emergency reasons why these loans might be used include unexpected emergencies, car repair bills, medical care, or essential travel expenses. Alternative forms of credit, such as a credit card cash advance, personal loan, home equity line of credit, existing savings or borrowing from a friend or relative, may be less expensive and more suitable for your financial needs.

Late fees and non-sufficient funds/returned item fees may apply as described in your Loan Agreement. Our fees are disclosed in your loan agreement. If you do not make a payment on time, we will attempt to contact you via one or more authorized methods. We adhere to the principles of the federal Fair Debt Collection Practices Act (FDCPA). Because we may report your payment history to one or more credit bureaus, late or non-payment of your loan may negatively impact your credit rating. If you fail to repay your loan in accordance with its terms, we may place your loan with or sell your loan to a third-party collection agency or other company that acquires and/or collects delinquent consumer debt.

As part of our information collection process, we may detect additional bank accounts under the ownership of the consumer. We will consider these additional accounts to be part of the application process. Bank of Orrick reviews your information in real-time to determine whether your information meets its lending criteria. You acknowledge that by completing and submitting the website application that you are applying for a loan. We verify applicant information through national databases, and we may pull your credit in order to determine your eligibility and ability to repay.

Availability of loans are subject to change at any time at the sole discretion of Bank of Orrick.

Helix by Bank of Orrick is a brand of Bank of Orrick. Loans are issued and serviced by Bank of Orrick, Member FDIC.

Helix
info@helixfi.com
800.619.5309

QUICK LINKS

RESOURCES

© Copyright 2023 Helix by Bank of Orrick. All rights reserved.

Bank of Orrick

Loans are issued and serviced by
Bank of Orrick, Member FDIC:
P.O. Box 199
Orrick, MO 64077

Bank of Orrick, Member FDIC

IMPORTANT DISCLOSURES

This is an expensive form of borrowing and it is not intended to be a long term financial solution. Please note: Helix by Bank of Orrick loans are designed to assist you in meeting your short-term borrowing needs and are not intended to be a long term financial solution. Examples of emergency reasons why these loans might be used include unexpected emergencies, car repair bills, medical care, or essential travel expenses. Alternative forms of credit, such as a credit card cash advance, personal loan, home equity line of credit, existing savings or borrowing from a friend or relative, may be less expensive and more suitable for your financial needs.

Late fees and non-sufficient funds/returned item fees may apply as described in your Loan Agreement. Our fees are disclosed in your loan agreement. If you do not make a payment on time, we will attempt to contact you via one or more authorized methods. We adhere to the principles of the federal Fair Debt Collection Practices Act (FDCPA). Because we may report your payment history to one or more credit bureaus, late or non-payment of your loan may negatively impact your credit rating. If you fail to repay your loan in accordance with its terms, we may place your loan with or sell your loan to a third-party collection agency or other company that acquires and/or collects delinquent consumer debt.

As part of our information collection process, we may detect additional bank accounts under the ownership of the consumer. We will consider these additional accounts to be part of the application process. Bank of Orrick reviews your information in real-time to determine whether your information meets its lending criteria. You acknowledge that by completing and submitting the website application that you are applying for a loan. We verify applicant information through national databases, and we may pull your credit in order to determine your eligibility and ability to repay.

Availability of loans are subject to change at any time at the sole discretion of Bank of Orrick.

Helix by Bank of Orrick is a brand of Bank of Orrick. Loans are issued and serviced by Bank of Orrick, Member FDIC.

Helix
info@helixfi.com
800.619.5309

QUICK LINKS

RESOURCES

© Copyright 2023 Helix by Bank of Orrick. All rights reserved.