Consumer Loans
Allegiance Credit Union offers competitive loan rates and flexible pay-back terms up to 72 months with fast approval time. Pre-approval is available and you can apply for a loan after business hours using our 24-hour lending center by calling or visiting us online.
Interest on our loans is calculated using the simple interest method. This way, you may make additional payments to reduce the total interest costs over the life of the loan. Also, your loan will never have a penalty charged for early repayment.
Secured Loans
A secured loan is backed by assets such as a new or used car or a recreational vehicle.
New and Used Vehicle Loans
Up to 100 percent fixed or variable rate financing (including tag, title, and tax) is available on new or used vehicles. We offer pre-approved loans so that when you're shopping for that new or used auto, you will have some flexibility in negotiating.
Recreational Vehicle Loans
Recreational vehicles include motor homes, travel trailers, motorcycles, 4 wheelers, and boats or water crafts. On models five years old or newer we can provide financing up to 100% of the retail value depending on credit score. Call for details on financing older model vehicles.
Other Collateral Loans
Other collateral loans are available call for details.
Unsecured Loans
Allegiance Credit Union also offers signature loans and lines of credit when you need to borrow money without collateral.
Signature Loans
A signature loan allows you to borrow money for vacation or unexpected expenses. This is convenient for members that wish to take out a quick unsecured loan.
Line of Credit
A line of credit is a great way to be prepared for unforeseen emergencies, or just to have the convenience of extra money when you need it. A line of credit loan is a revolving account and has a limit similar to a credit card. The limit is determined by your credit history and income. Once you have a limit approved (limit ranges from $250 - $20,000), you can access your loan for cash at any time through advances at the teller line (minimum of $100), FedNet24, or overdraft protection.
Monthly payments are based on the following scale: $18 per month per $500 of the balance, with a minimum payment of $36.00.
Examples:
$0 to $1,000 - $36.00 per month
$1,001 to $1,500 - $54.00 per month
Once a payment amount is set it cannot be reduced until the loan is paid in full. If the loan balance increases, the payment will also increase. However, if the loan balance decreases to a lower tier, the payment will not decrease until the loan is paid off.
