Eglin FCU Personal Loans

How do I make a payment to my loan?

You have several convenient options for making loan payments. You can easily make a loan payment by transferring funds from your Eglin FCU checking or savings account through our online banking service or mobile app. Alternatively, you can use the External Transfers feature within online banking or the mobile app to make a payment to your loan from your checking or savings account at another financial institution. If you prefer, you can request to make an loan payment at one of our Video Teller machines during business hours, or you can visit any of our local branches to make a loan payment in person. If none of these options suit you, sending your loan payment with a check via mail is always an option. Should you need more information on loan payment options, feel free to give us a call at 850.862.0111 (option 2), or stop by one of our branch locations during business hours.

Can I change the terms of my loan?

To discuss any changes to your loan please call 850.862.0111 (option 2) or stop by a branch during business hours.

Can I change the payment due date of my loan?

To determine if you can change the due date on your loan, please contact us by calling 850.862.0111 (option 2) or stop by a branch during business hours.

What is a loan deferral and do you offer this service?

A loan deferral is a pre-approved, temporary break from making payments on a debt you owe, including personal loans. For loan deferral questions please contact us by calling 850.862.0111 (option 2) or visit a branch during business hours.

Do you offer student loans?

Please note that we do not offer student loans at this time. If you have any other financial needs or questions, we’re here to help!

Can I use a personal loan to pay for tuition, books, and other educational expenses?

No, personal loans cannot be used as student loans. Student loans have specific benefits and protections designed for educational expenses, which personal loans do not offer. For financing your education, please explore options specifically designed for student loans.

What is an unsecured loan?

An unsecured loan is a type of loan that doesn’t require any collateral. Unlike secured loans (which rely on assets like property or vehicles), unsecured loans are approved based on the borrower’s creditworthiness. Examples of unsecured loans include personal loans and credit cards. These loans typically come with higher interest rates because they pose more risk to lenders.

Can I have more than one joint borrower or guarantor on a loan?

There is not a limit on how many joints or guarantors can be on a loan.

Do you offer business loans?

We do not currently offer any loans for businesses.

Do you offer preapproved loans?

We do offer preapprovals on some loan collateral types such as auto, boat and motorcycles. If you are seeking a preapproval for a loan, please apply online or visit a local branch during business hours to start the loan application process. We also offer preapproved auto loans (PALs) semiannually during our Spring and Fall Auto Loan Promotions to members who qualify.

I am having trouble making my loan payment, can you help me?

If you're having difficulty making payments on your Eglin FCU loan or credit card, please reach out to us. We're here to help you explore available options to get your finances back on track. By discussing a payment plan for overdue loans or credit cards with us, you can maintain good communication and make regular payments, which will help prevent account closures and charge-offs. Give us a call at 850.862.0111 (option 4) or visit a local branch during business hours.

My checking account was closed because of an overdue loan or credit card, how can I restore my checking account?

If your checking account was closed due to an unpaid loan or credit card, there may be several issues to address. Please contact us at 850.862.0111 (option 4) or visit a local branch during business hours so taht we can review your account status and determine the best steps to take.