Loan Options To Take Your Dreams Higher
Looking to build credit? Or do you have a large purchase coming up, but don't want to spend all of your savings? Why not use your savings as your collateral? Our Share Secured Loans are ideal for members who have secured savings at FreeStar Financial Credit Union or for those who want to rebuild credit. A Share Secured loan is defined as a personal loan that establishes consumer credit and is secured by the funds in a member’s share/savings account. Funds are released as the principal balance is reduced.
Apply online, call 586-466-7800 opt. 3 or visit one of our branches today!
| Share Secured | ||
| Effective Date: Thursday, November 21st, 2024 | ||
| Type | Term | APR* |
| Secured by Credit Union Shares | Flexible | 3% above Savings Rate |
| MILITARY RATE DISCOUNT TERMS: Eligibility for a 1% rate discount on certain loan products, excluding Mortgages, Visa Cards, Business Loans, Courtesy Pay loans, and the Military Line of Credit. This offer is available to Active Duty, Veterans, and Retirees. To qualify, military members must establish direct deposits in their name totaling at least $1,100 per month into their checking account. Discount subject to qualification and can change without notice. FreeStar Financial is an Equal Opportunity Lender. | ||
| **Military Status Verification: For non-members wishing to avail the military rate, verification of military status is required. Acceptable proof includes: Military ID, Retirement ID, Paystubs for military pay, or DD214 (Certificate of Release or Discharge from Active Duty). Terms and conditions apply. | ||
*APR = Annual Percentage Rate. Rates are "as low as" and are subject to credit history, terms, and other factors. Rates are subject to change at any time without notice. Please call 586-466-7800 opt. 3 for current rates.
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