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Savings Assistance Loan

rates & terms

Our Savings Assistance Loan (SAL) enables individuals to receive up to $2,000 with low monthly payments and a low interest rate. With a good repayment record, the SAL can be a great way to rebuild your credit or establish new credit. To learn more or to apply for a SAL, visit a branch or call us at 850.862.0111 (option 2).

Savings Assistance Loan (SAL) Rates & Terms

Our Savings Assistance Loan (SAL) annual percentage Rate (APR) is 5.00% for a maximum loan amount of $2000 and a repayment period of 42 months. Rates provided are current as of Wednesday, September 18, 2024 and are subject to change.

Repayment Period APR* as low as Maximum Loan Amount
42 Months 5.00% $2000

Terms & Conditions - Savings Assistance Loan

  1. Must be an Eglin FCU member and 18 years of age or older to establish a Savings Assistance Loan.
  2. SAL proceeds are deposited into member's share suffix 1, these shares will be used to secure this loan.
  3. The entire deposit will be on hold until the SAL is paid in full.
  4. Members may have only one SAL at a time.
  5. Maximum loan amount is $2,000.
  6. Monthly minimum repayment is a percentage of the amount borrowed or $35 per month.
*APR = Annual Percentage Rate.

Savings Assistance Loan Payment Calculator


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Sample Repayment: A $20000  Savings Assistance Loan over 42 months at an APR of 5.00%, the approximate payments would be $.

Disclaimer | Financial calculators are provided to give sample payments for given Annual Percentage Rate and Terms but are not guarantees of credit. There is no guarantee, explicit or implied, regarding the accuracy or applicability to your specific circumstances. All examples are hypothetical and are for illustrative purposes, and are not intended to provide investment advice. Please contact a Member Service Counselor for assistance with your specific loan request.

 To apply for a Savings Assistance Loan please visit a local branch during normal business hours.

Personal Signature Loan
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Guarantor Loan
A member who has difficulty getting approved on their own may consider having a qualified guarantor apply with them.
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Our Savings Assistance Loan (SAL) enables individuals to receive up to $2,000 with low monthly payments and a low interest rate.
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Share Secured Loan
Share Secured Loans are a good way to build credit or make any necessary purchases without spending your savings.
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