Offering low rates and special terms.
With South State’s Disaster Relief Loan, you may be eligible to borrow from $3,000 up to $50,000 to help with repairs and replacements as a result of the recent hurricane. We specially designed this program with low rates and special terms to help you recover more quickly. Our lenders are here to help you throughout the process.
Loans are subject to credit approval. APR means Annual Percentage Rate. Residents of the following counties in North Carolina (Beaufort, Bladen, Brunswick, Chatham, Columbus, Davidson, Durham, Forsyth, Franklin, Granville, Harnett, Johnston, Lee, Mecklenburg, Nash, New Hanover, Onslow, Pender, Richmond, Rowan, Sampson, Stanly, Union, Wake) and South Carolina (Chesterfield, Darlington, Dillon, Florence, Georgetown, Horry, Marion, Marlboro, Williamsburg) are eligible for this loan product.
1. 3.75% APR for 12 months with 11 monthly interest only payments and a final payment of principal and interest due at maturity. Example: Based on a loan amount of $15,000 at 3.75% APR, the initial interest-only payment for 11 months would be $47.77, followed by a final balloon payment of $15,047.77.
2. 4.75% APR for 36 months with 12 monthly interest only payments and 24 payments of principal and interest based on a 24 month amortization period. Example: Based on a loan of $15,000 at 4.75% APR, the initial interest-only payment for 12 months would be $60.51, followed by 24 monthly payments of $656.42.
3. 3. 5.75% APR for 60 months with 12 monthly interest only payments and 48 payments of principal and interest based on a 48 month amortization period. Example: Based on a loan of $15,000 at 5.75% APR, the initial interest-only payment for 12 months would be $73.25, followed by 48 monthly payments of $350.71.