Areas Served: Statewide Hawaii
The OHA’s Mälama Loan is used to enhance access for all persons of Native Hawaiian ancestry to credit, capital, and financial services & skills so as to create jobs, wealth, and economic & social well-being for all the people of Hawaii Uses of Funds OHA’s Mälama Loan may be used for business startup or expansion, a home improvement project, education or debt consolidation.
Loan Terms OHA’s Mälama Loan features a 4% APR, fixed interest rate, amortized over a 7 year term (principal and interest); up to $150,000. Eligibility To apply for OHA’s Mälama Loan program, you MUST be a: – U.S. Citizen – Hawaii Resident – Native Hawaiian (verified by Birth Certificate, OHA Hawaiian Registry Card, or Kamehameha Schools verification letter).
– Credit score of 600 and Debt to Income Ratio (DIR) of 45% or lower -Loan Request $10,000 and over, 2 years of personal/business tax returns are required – Loan Request $25,000 and over, Hawaii real estate collateral is required – Debt Consolidation up to $25,000
Contact InformationOffice of Hawaiian Affairs
Address: 360 Papa Place, Suite 105
City: Kahului
State: Hawaii
Website:
https://loans.oha.org/business/
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