PERSONAL LOAN RATES AND APPLICATIONS
Effective MAY 23, 2016
SAVINGS AND SHARE SECURED LOANS
Let your money work for YOU! Use the money you have on deposit in your share certificates to secure a loan and pay only 3% above the dividend rate you are earning. You may also choose to use your regular savings as security for a loan but those rates are subject to change. Funds in your checking and IRA accounts cannot be used as security for this type of loan. Rates as low as 3.00% annual percentage rate.
SELECT CASH NOW
This is our Payday Alternative Loan designed to help with life’s unexpected emergencies such as car repairs, home repairs or to pay off other high rate finance companies. *Must be a member for a minimum of 60 days, 6 months with current employer, other loan restrictions apply, contact Loan Department for complete details. Terms: 6-12 months, Loan Amounts: $200-$1500, Application fee: $20 (non-refundable), Rate: rate may vary from 18%-28%.
CREDIT LIFE AND DISABILITY INSURANCE
See loan department for more information.
GUARANTEED ASSET PROTECTION (GAP)
Protects you if your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared a total loss, because your auto insurance will cover the replacement value only. You will remain liable for payment of the difference between the insurance settlement and your loan balance. This difference could easily amount to thousands of dollars. Purchasing GAP for just a few dollars a month will protect you against this kind of unexpected expense. If you have GAP, the difference between your loan balance and the insurance settlement could potentially be paid in full! Your premiums for GAP can be included in your monthly loan payments.
Allows you to purchase a competitively priced extended warranty for your new or used vehicle that goes beyond the manufacturer’s warranty when you finance your car loan with the credit union. Your coverage and deductible amount depend on the plan you choose. Financing is available along with the cost of your car.
The Smart Option Student Loan® for members of Select FCU by Sallie Mae® is for borrowers attending degree-granting institutions. Pay for college the smart way with three great repayment options and competitive interest rates! This loan is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans. To learn more or to apply, please get started here.
THE SMART OPTION STUDENT LOAN FEATURES AND BENEFITS
- Multiple in-school repayment options plus a choice of competitive fixed and variable interest rates provides even more flexibility
- No origination fees and no prepayment penalty
- Rewards and interest rate reductions available
- Rates that reward creditworthy borrowers
- Applying with a creditworthy cosigner may help you qualify
- 100% US-based Student Loan Specialists
*We are compensated for the referral of Smart Option Student Loan customers.