Signature Loans
A loan made for any occasion or need!
Signature loans are loans which have no property to secure them unlike a real estate or vehicle loan. The most common signature loan is a personal loan. These loans can be taken out for a multitude of reasons, cover hospital expenses, purchase a new stereo, or finance your next vacation.
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Back-to-school pERSONAL loan special
Back-to-school expenses can be high after summer vacations.
Fortunately, our Back-To-School Personal Loan Special can help you pay for everything from textbooks to tuition without the high interest of credit cards! With a low 7.25% APR for 24 months on amounts up to $10,000, our Personal Loans get straight As for making the back-to-school season affordable!
Our low rate means a monthly payment of less than $45 per $1,000 borrowed!
According to Bankrate.com, personal loan rates at other institutions average over 11% and go up to a shocking 32%. Our incredibly low rate and favorable terms allow you to save money and pay off your debt sooner!
Our Back-To-School Personal Loan Special is a smart way to ensure your student has all they need to succeed without breaking your budget!
Applying is fast and easy online! Be sure to specify the Holiday Loan in the menu.
*APR = Annual Percentage Rate. APR of 7.25% for loan amounts up to $10,000. Must be at least 18 years old. Standard underwriting guidelines will apply. Sample payment with 7.25% APR: $44.89 per $1,000 borrowed for 24 months. Offer expires on September 30, 2023.
Questions? Just contact our Lending Department to get started.
Personal Line of Credit
A Personal Line of Credit is an open-ended loan that provides immediate access to funds. It is used primarily for overdraft protection, as well as home improvement projects or emergency situations.
If used for overdraft protection, your Line of Credit is readily available through your checking account for whenever you need and you may access it using Online Banking, your debit card and ATM's. You only owe the amount you actually use, so you only pay interest on that amount! Meanwhile, it sits there as funds you can tap into as necessary.
Questions? Just contact our Lending Department to get started.
Personal Loans
Low rates and flexible repayment terms make this loan an attractive option for any eventual need you may have.
Personal loans are great for tailoring monthly payments to your budget while using the money on your own terms. We offer a fixed monthly payment, so even if the interest rate changes, you never face a monthly payment increase.
Why apply for a personal loan:
Questions? Just contact our Lending Department to get started.
Family Support Loans
We have you covered anytime, anywhere, so you can focus on what’s really important to you. That’s why our Family Support Loan is tailored to provide access to short-term interest loans in order to help families at special times that are the milestones of life. Qualifying members can borrow up to $15,000 at reduced interest rates, with repayment of up to five years.
Why apply for a family support loan*:
- Financing serious illness of a family member or even funeral expenses such as a casket, burial, urn, cremation, or any other bereavement event costs.
- Funding adoption or birth expenses, citizenship application, agency fee other administrative fees.
- Paying for wedding expenses, from the engagement ring to venue rentals, musicians, decoration and more.
- Affording unexpected expenditures caused by natural disasters (earthquake, fire, flood, etc.)
- Funding relocation outlays for employment such as truck rental, moving insurance, temporary storage, new lease contract, or any other moving supplies.
- Bankrolling medical bills resulting from a traumatic event like severe injury or illness, infertility treatment, etc.
*We will require documentation as evidence to prove any of these special situations.
Questions? Just contact our Lending Department to get started.
PERSONAL LOAN RATES
Effective as of 07/01/2023
Signature Loan Rates (Variable Rate) | |||||
Term (years)1 | 1 | 2 | 3 | 4 | 5 |
Personal Loan - Variable Rates | 9.750% | 10.250% | 10.750% | 11.250% | 11.750% |
Monthly payment per $1,000 | $87.80 | $46.26 | $32.62 | $25.97 | $22.12 |
1. Members who authorize and maintain automatic direct full payroll or pension deposit to the IDB Global Federal Credit Union member accounts to make automatic payment for the life of the loan, shall receive a discount of 50 basis points on the current rate.