AFFCU Members need to Login to Digital Banking and select "Accounts" > "Open an Account" to applyGo to Digital Banking
A Savings Secured Loan from AFFCU is a low-interest, low-risk loan that uses your own money as collateral.
Need to make a purchase but don’t want to spend all of your savings? Use your AFFCU Primary Savings or Secondary Savings Account as collateral. You can borrow up to 100% of the amount that you have in your Savings.
A Savings Secured Loan can also help you build or reestablish credit, and as an added bonus, there’s no credit check.
Build or Repair Credit
Rates effective as of:
|6 to 60 months||2.5% above the pledged Savings Account APY|
* APR = Annual Percentage Rate. Membership eligibility required. Rates subject to change at any time without notice.
Savings Secured Loan payment example: $5,000 borrowed at 2.6% (2.5% above the pledged Savings APY of .10%) for 60 months will have an estimated monthly payment of $89. Use an AFFCU Financial Calculator to calculate loan payment amounts.