Sponsored by the American Professional Practice Association (APPA) and the National Association of Residents and Interns (NARI), this program provides an unsecured line of credit as follows:
1st year - $20,0002nd year - $25,0003rd year - $35,000Final year - $35,000Fellowship - $35,000
Practicing Physicians First three years in practice Up to $40,000In practice three years or longer Up to $50,000
Interest Rates Fixed Rate 13.95%-Or- variable interest rate based on the amount borrowed as follows:$0 - 30,000 Prime Rate + 5.25%$30,001 & Over Prime Rate + 4.25%(Prime rate is based on Wall Street Journal rates. Current Prime Rate is 4.75% until 03/31/02)
Repayment Can pay interest only for the first 24 months and may be renewed through the first year of practice.
Contact APPA/NARI Loan DepartmentHillsboro Executive Center North 350 Fairway Drive, Suite 200Dearfield Beach, FL 33441-18341-800-221-2168, ext. 5FAX: 954-571-8582http://www.nari-assn.com
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