Our HFCU Holiday Loan is an unsecured personal loan product, meaning it can be used for a variety of purposes. And with the Holiday Loan, we are able to provide you promotional rates based on your qualifications, to repay your loan, ultimately saving you money.
Thinking of using your high-interest credit card this holiday? THINK AGAIN!
The Benefits of using an HFCU Holiday Loan vs. Paying With a Credit Card
1. Pay Less in Interest
2. Fixed Term & Payments
3. Money Provided Up Front
With the Holiday Loan, you have the potential to get a rate as low as 7.99% APR* which is significantly lower than the average credit card rate of 22.75% APR**. This means that you will save money by paying less in interest!
With terms up to 60 months and a set monthly payment, the Holiday Loan helps to provide you a set plan to pay back your loan. This is much different from open ended credit cards where payment schedules and amounts can vary month to month.
Sometimes you need a larger amount of money now to pay for your expenses. With the Holiday Loan you receive all of the funds up front to use how you need, unlike credit cards where you need to borrow from a limited line, based on how you use your card.
Don’t add outrageous interest rates on top of your major holiday expenses. Turn to a Heritage Financial Credit Union Holiday Loan for a more versatile way to pay.
*APR is Annual Percentage Rate. Rates as low as 7.99% APR. Minimum loan amount of $500. For applicants who intend to refinance an existing Heritage Financial Credit Union (HFCU) loan, an additional $1,500 must be financed beyond that of the current principal balance of refinanced HFCU loan. Max loan amount of $30,000 with 60-month term. As an example: A 60-month loan with a fixed rate of 7.99% APR would result in a payment of $20.28 per month for each $1,000 financed. Actual rate may vary based on credit worthiness. All rates quoted include a 0.50% reduction for members who authorize payment of their HFCU loan through an automatic electronic funds transfer, debited from any account for the life of the loan. All extensions of credit are subject to credit approval. Rate shown is the lowest offered for the loan products advertised. Applicants who are not approved for these loan rates or terms may be offered credit at a higher rate and/or with different terms. All rates are subject to change without notice. This limited time offer may be withdrawn at any time.
This Holiday loan offer begins November 01, 2023 and ends December 30, 2023.
**The Holiday loan is a fixed rate closed end installment loan with loan terms available from 12 months to 60 months. The Credit Card is a variable rate open end revolving credit line that does not have a defined loan term. The average credit card rate of 22.75% has been cited from source https://wallethub.com/edu/cc/credit-card-landscape-report/24927#interest-rates.