Frequently Asked Questions
How do I apply for the finance program
An Online application at http://myhmcf.com/
What is the interest rate?
How long does it take to get approved?
Typically you will be Approved, Declined, or In Review within 10 – 15 minutes of submitting a completed credit application.. Once you are approved, it can take up to 2 – 3 business days to process the loan documents.
Can I use a cosigner?
Vocational students are eligible for a cosigner.
When will I get my tool box?
If the box is available at the store, as soon as the loan process has been completed. If it needs to be ordered it can take up to 20 days.
What if the box I want is not available?
Your NAPA store will work to get you a similar box.
What items can I buy with the tech finance program?
All Homak branded products.
Does applying affect my credit score?
Yes, the bank will be checking your credit via Transunion, which may temporarily lower your credit score.
What if I don’t qualify or what if my application is marked for review?
This means that additional information may be required. If you are declined, other programs may be available in the future. If you are declined you will receive a letter in the mail within 30 days.
Who Do I pay and how often?
Payments are on a 30 day cycle. Once the loan has been approved you will receive a welcome letter from the bank with your account number, first payment due date, amount due, and where to make your payments. You will also receive monthly statements in the mail and have the option of paying online or setting up autopay. Loan Payment
Can the statement be sent to an address other than my home?
Your address can be changed by either filling out the “address change” form on the statement or you can call in the office and request change.
Ask your question and we will try to get back to you as soon as we can (depending on office hours.)