Heritage Personal Loans
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Looking for a loan or line of credit?
Heritage Financial Credit Union offers a wide range of secured and unsecured loans that will meet your needs. Quick getaway? Use our vacation loan. Need cash for an unexpected event? HFCU’s Signature Loan gives you cash when you need it. Ready to lower your debt?
Call us to consolidate high rate loans and credit cards to help you put more money in your pocket. Let HFCU help!
Signature Loans
A personal loan is a type of loan that you borrow from a financial institution and repay in fixed monthly payments over a set period of time. At HFCU, in addition to our Signature Loan, we also offer Signature Secured by Auto and Debt Consolidation loans.
Credit Rebuilder
A credit rebuilder loan is a special type of loan designed to help members build or improve their credit history, especially if they have no credit or poor credit. HFCU offers this loan as a small dollar loan with terms up to 12 months.
Universal Line of Credit
The Universal Line of Credit (Un-LOC), is HFCU’s unsecured personal line of credit product that provides you with convenient access to funds whenever, and however, you may need them. Let’s unlock a world of opportunities together!
Secured by Certificate
A personal loan secured by a certificate is a type of secured loan where your certificate acts as collateral. This means that HFCU lends you money, but holds your certificate as security until the loan is paid off.
Personal Loan Rates
| Type of Loan | Term | Variable APR as low as 17 | Fixed APR as low as 7, 9, 10 |
|---|---|---|---|
| Signature Loan / Debt Consolidation / Secured By Auto | Up to 60 Months | N/A | 11.49% |
| Signature Loan Secured by Certificate | Up to 60 Months | N/A | Certificate Rate + 3% |
| Credit Rebuilder / Up to 12 Months | Up to 12 Months | N/A | 18.00% |
| Universal Line of Credit (Un-LOC) 17 | N/A | 11.50% | N/A |
Personal Loan Disclosures
7 APR=Annual Percentage Rate. Actual rate may vary based on credit worthiness and down payment, if applicable. All extensions of credit are subject to credit approval. Rates shown are lowest offered for the loan products advertised. Applicants that are not approved for these loan rates or terms may be offered credit at a higher rate and/or with different terms. The representative monthly payment based on a 5-year term Personal Loan at 9.99% Annual Percentage Rate is $21.24 per $1,000 borrowed. All rates and terms are subject to change without notice. Offer may be withdrawn at any time without notice. Contact a credit union employee for further details. Other terms and conditions may apply.
9 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.
10 The maximum APR that may be imposed is 18.00%.
17 As of August 17, 2023, the 12.50% Annual Percentage Rate (APR) is available on the Universal Line of Credit (Un-LOC) and subject to change. The APR is variable and is based upon an index plus a margin. The APR will vary with Prime Rate (the index) as published in the Wall Street Journal (currently 8.50%). The margin will be based on credit worthiness and will vary, based on credit, from 4.00% to 11.00%. The maximum rate is 25.00% APR. Maximum loan amount up to $50,000. There are no annual fees. Minimum monthly payments based on 2.00% of outstanding balance (payment of $20.00 per month based on $1,000 balance).Rates are subject to change. Subject to credit approval, eligibility and credit qualifications. The Universal Line of Credit may be reduced or additional extensions of credit limited if certain circumstances occur. Approval for personal line of credit requires having a new or existing share account with the credit union.
*Credit Rebuilder Loan is effective 3/19/20 and may be withdrawn at any time. This is an unsecured 12-month loan for up to $1,000. The first payment will be due 90 days form the date the loan is closed. To qualify, applicant must be a member for at least 12 months and be in good standing. Interest rate is based and determined by Signature Loan pricing. Approval is upon HFCU’s discretion.