Personal Loans
Secured Loans
Are you interested in securing a loan with your investments with HFCU? Your savings account or certificates of deposit may be used as collateral.
These types of secured loans may be used for any purpose – giving you access to a quick approval process. So what are you waiting for? Apply today!
| Type | Amount | Regular Share/Money Market Dividend Index Rate | + 50 Basis Points | + Additional 1.00% | = APR – Fixed and Variable Rate as Low as |
|---|---|---|---|---|---|
| Regular Share Secured Loan | Up to $19,999.99 | 0.10% | + 0.50% | + 1.00% | = 1.60% |
| Money Market Secured Loan | $2,000 to $9,999.99 | 0.847% | + 0.50% | + 1.00% | = 2.35% |
We Have Better Options:
| Key Features |
|---|
| HFCU offers loans secured by share-type accounts with terms up to 12 years. Certificates may be used as security for loan. Interest rate is the HFCU Regular Share Dividend Index plus 50 Basis Points for the month immediately proceeding the first day of the calendar quarter plus 1%. Your rate will never be less than the floor rate of 1.50% APR*. |
| For Money Market Secured loans, the Annual Percentage Rate will be the HFCU Money Market Dividend Index plus 50 basis points for the month immediately preceding the first day of the calendar quarter plus 1%. Your rate will never be less than the floor rate of 1.50% APR*. |
| HFCU’s secured loans feature lower annual percentage rates than unsecured loans of corresponding credit, term, and loan amount. |
| HFCU features simple interest financing: Interest is charged by the day on the principal balance. |
| HFCU offers Credit Life & Credit Disability Insurance at a low cost. |
| HFCU also offers Involuntary Unemployment Protection and Family Leave Protection. |
We Have Better Services:
| Key Features |
|---|
| HFCU provides fast loan decisions – usually while you wait. |
| Our knowledgeable and friendly loan officers treat you with the respect you deserve. |
| Our personal service is second to none. |
*APR is Annual Percentage Rate