A Take-Back Loan is a fixed-rate, fixed-term loan with an agreed-upon payment schedule. The consumer gets their initial disbursement and makes regular payments until the balance is paid in full. 

With the mobile-friendly dashboard and app, borrowers have more transparency and control over their loan. They can manage their loan, make payments, and withdraw from their Take-Back Balance in just seconds (and see the impact of these changes before they make them). Withdrawals deposit into the borrower’s checking account and the loan balance adjusts accordingly — but never exceeds the original amortization schedule. 

The flexibility to get those extra funds if needed means borrowers no longer have to choose between saving for unexpected expenses and doing the financially responsible thing by paying down their loan quicker. 

Kasasa does not underwrite any loans — you’ll continue to follow your current underwriting and decisioning practices. New and existing loans can live on the existing core. Consumers enjoy an enhanced experience within their current online banking. No change to frontline or back-office processes.

We developed our Take-Back feature, and its associated documentation, with the help of one of our nation's leading law firms. Utilizing an elegant user interface, borrowers can add the Take-Back feature by simply reviewing the feature's disclosure and executing it via electronic signature.