Monera has interest rates starting as low as 9.9% and loan terms as long as 12 years. Use the quote tool for both a credit check and no credit check model to find the best financing options for your needs.
How it Works
Applying
Start the application process by getting an Instant Quote. Use the details of your existing membership to explore the loan options available. Then, select “Apply Now” to the offer you are interested in. Once you have submitted your application, Monera Financial will send you an approval email.
Processing
Monera will ask you to complete an estoppel letter for you to authorize Disney to send the title company a copy of your Estoppel. At that time, Monera Financial will commit to financing the loan at the interest rate and term you selected.
Closing
The title company will work with you to complete your loan documents. Once completed, they will request the loan funds from Monera. The title company will have everything they need to close your refinance and send you the proceeds.
General Info
Monera has interest rates starting as low as 9.9% and loan terms as long as 12 years. Use our interactive Instant Quote tool for both a credit check and no credit check option to find the best financing for your needs.
- Only lender with no prepayment penalty
- No monthly service fee
- Terms of 4, 8 or 12 years
- Credit check is optional
Rate Charts
Non Credit Check Model
| Interest Rate- 4 Year Terms | Interest Rate- 8 Year Terms | Interest Rate- 12 Year Terms |
|---|---|---|
| 12.9% | 13.9% | 14.9% |
| 14.9% | 15.9% | 16.9% |
| 15.9% | 16.9% | 17.9% |
Credit Check Model
| FICO Credit Score | Interest Rate- 8 Year Terms | Interest Rate- 12 Year Terms |
|---|---|---|
| 800-850 | 11.9% | 12.9% |
| 700-799 | 13.9% | 14.9% |
| 650-699 | 15.9% | 16.9% |
| 600-649 | 16.9% | 17.9% |
Frequently Asked Questions
Do you only offer refinance loans for a specific term and interest rate?
No. Monera offers refinancing options for terms between 1 and 12 years with interest rates from 9.9% to 17.9%.
Can I refinance my membership if I have an existing loan?
Yes. Monera offers refinancing options for all your needs. If you have an existing loan, we recommend that you choose an option that will be enough to pay off the existing loan as well as cover the closing costs. This will allow you to not have to pay anything at your closing.
Do you offer cash out refinancing?
Yes. At the closing, your new loan will be used to payoff an existing loan (if applicable) and all closing costs. Then, the remaining proceeds will be sent to you through whatever form you arrange with the title company.
Is there a prepayment penalty for a DVC loan?
We are the only DVC lender that offers no prepayment penalties. You can make as many extra principal-only payments as you would like. These extra payments will reduce the term, helping you pay the loan off quicker. The result is less interest paid overall versus only paying the monthly payment to the term.
Are there any loan fees for a DVC loan?
There is a loan origination fee of $199 that is included in the closing costs only if and when you close. However, Monera does not charge any monthly service fee no matter what form of repayment you choose.
Is the interest I pay each year eligible for tax deduction?
Yes. This is a mortgage loan and the interest is eligible. At the end of January, Monera will mail a 1098 tax document showing the interest that was paid toward the loan. We recommend you seek advice from your accountant or tax preparer regarding your specific situation.