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Available both as regular installment loans and as lines of credit. An installment personal loan is based on a single loan advance and can be financed for up to three years. A line of credit is a revolving loan. Money can be drawn as needed. The balance can be paid down and then drawn up again. See our Loan Rates page for current rates.
Maximum personal limit is $7000.00. When calling to advance on the revolving line of credit the application information is verbally updated and if no major changes, the advance can be made without you coming into the office.
A loan calculator is available for your convenience.
The following information is provided to you pursuant to the requirements of the Truth in Lending Act and Regulation Z of the Federal Reserve Regulations. Regulation Z prescribes uniform methods of computing the cost of credit, disclosure of credit terms and procedures for resolving errors on certain credit accounts. Neighborhood Community Federal Credit Union loan products are offered as open ended credit and closed ended credit depending on the type of loan you desire. The disclosures contained herein do not contain all of the disclosure information which will be provided if your loan is consummated. Additional disclosures required by law and regulations may be provided to you at various times during the processing of your request as required by law.
THIS DISCLOSURE NOTICE CONTAINS IMPORTANT INFORMATION ABOUT NEIGHBORHOOD COMMUNITY FEDERAL CREDIT UNION’S CLOSED END-CREDIT LOANS. YOU SHOULD READ IT CAREFULLY AND KEEP A COPY FOR YOUR RECORDS.
Terms Subject to Change. The rates contained herein are effective as of July 1st, 2013. However, the terms described in this disclosure are subject to change at any time. If, prior to your signing the loan documents, any of these terms have changed (other than the annual percentage rate) and you decide, as a result, not to obtain a loan from us, you would be entitled to a refund of any fee that you paid in connection with your application.
Terms of Repayment. Interest rates for closed end credit are fixed. The terms of repayment for the currently published interest rates are as listed above. No down payment applies to any closed end credit.