How is a borrower's interest rate determined?

Cross River Bank sets the criteria for determining the interest rates applicable to each loan in consultation with UNI. Each potential borrower determines the amount of money they would like to borrow.  UNI calculates the interest rate in accordance with criteria set by Cross River Bank using its proprietary models and analytics by taking certain information included in a borrower’s application, including information in their credit report, information about their income, savings, intended use of funds, the college and/or graduate school they attended and, if they graduated within the last 4 years, their major, their grade point average, and their certain standardized test scores. 

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