Credit Builder Loan LUSO Federal Credit Union 2017-06-06 18:59:31 Not Assigned
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Lending Rates Effective as of June 26, 2017. Rates are subject to change without notice.

CREDIT BUILDER LOAN

CREDIT BUILDER LOAN $25.00 Processing Fee

Minimum LoanMaximum LoanTermRateAPRPayment per
$1,000
Borrowed
$500.00$2,000.002 Year7.000%7.793%$45.67
APR: Annual Percentage Rate is based on a $2,000.00 loan amount, unless otherwise noted
– Proceeds of the loan must be transferred to a LFCU share savings account, earning the standard savings rate, and retained as collateral for the life of the loan
– Credit Builder Loan requires an active share draft checking account with automatic loan payment.
– The funds are released upon successful completion of the loan terms and regular timely payment.