Share-Secured Loan
A SchoolsFirst FCU Share-Secured Loan allows Members to earn competitive dividends on their investment while using their shares to secure a loan. This loan offers an excellent opportunity for Members without prior loan experience to create a history of consistent payments, which is important in establishing a good credit history.
Features
- No application or funding fees
- Repayment terms up to 60 months
- Loan amounts up to 100% of the available share balance
Share-Secured Loan Rates
SchoolsFirst FCU has a loan program which features a range of interest rates for some of its consumer loans. A rate is based on a variety of factors, including the applicant's credit rating and SchoolsFirst FCU account history.
The rates quoted are effective as of 11/20/2009 and are subject to change without notice.
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APR
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Loan Amounts
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Terms in Months
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2.5% above share savings rate, up to 100% of available balance
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2.70%
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Up to $4,999
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1-36
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$5,000 - $9,999
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37-48
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$10,000+
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49-60
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