Personal Loans
The credit union movement was originally founded as a way for members to use their collective financial resources to provide low-cost loans to other members. So it makes sense that when you need a loan, C.A.H.P. Credit Union is the best choice!
We offer a variety of Personal Loans for almost any need:
Skip-A-Payment
CAHPCU now offers qualified members the option to skip a loan payment without impacting your credit rating. The Skip-A-Payment Program gives you the option to defer a monthly payment on an eligible CAHPCU loan to the end of the loan, up to two (2) times in a year. Click here to learn more...
Signature Loan
A Signature Loan is a fixed term, unsecured loan to be used for a specific purpose such as unexpected expenses, large purchases, or no purpose at all. You borrow on the strength of your credit and no collateral or equity is required.
Secured Loans
CAHPCU Share- or Certificate-Secured Loans allow you to use the available balance of your specified account as security for a loan. This option lets you continue to earn interest on your Regular Share Account or Share Certificate while enjoying a low interest rate on the loan. These types of loans offer excellent opportunities for Members, without an existing loan history, to create a record of consistent payments, which is important in developing good credit history.
Features:
- No application or funding fees
- Flexible repayment options include lump sum, monthly, or monthly with a balloon
- Loan amounts up to 90% of the available RSA or Share Certificate balance
If your current finances make it difficult to repay multiple loans or you just have a lot of bills and not much time, you may want to consider our Debt Consolidation Loan. A Debt Consolidation Loan from C.A.H.P. Credit Union may help you take a number of debts and consolidate them into a single loan.
You may have more money at the end of the month, or only need to manage one payment, but the advantage of a consolidation loan is long-term and requires strict financial habits. Evaluate your budget and make sure you manage the consolidation loan and not spend or borrow beyond your new budget.
Personal Loans
The credit union movement was originally founded as a way for members to use their collective financial resources to provide low-cost loans to other members. So it makes sense that the C.A.H.P. Credit Union is the best choice if you need a loan for seasonal or career needs. We offer a number of loans to meet our members short term needs:
- Tax Loan
- Vacation Loan
- Holiday Loan
- Cadet Loan
Rates:
Rates determined by amount financed, loan term and credit worthiness. Call for changes that may apply since the effective date, or for information on additional loan products.
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Personal Loans
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Rate
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Minimum
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Certificate Secured - up to 24 months
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Greater of 8% or 3% above Certificate rate
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$1,800
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Share Secured - up to 120 months
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8.00%
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$100
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Debt Consolidation Loan - up to 60 months
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14.90%
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$500
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Line of Credit or Overdraft Protection Loan - revolving line
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16.80%
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$500
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Signature Loan - up to 60 months
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8.50%
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$2,500
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Personal Loans - up to 12 months: Tax, Vacation, Holiday
Cadet Loan
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10.00%1
10.00%
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$2,500
$3,000
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Loan Calculator: Unsecured Loans [Visa, Signature, Debt Consolidation, or Line of Credit]
Understand Your Credit
Check your Credit Report(s) annually: http://www.ftc.gov/freereports
* All rates shown as Annual Percentage Rates (APR). Loans granted on approved credit (OAC). Information subject to change. Restrictions may apply.
1 With payroll deduction or automatic transfer, 10.50% APR without; other conditions may apply. Late Fee: 3% of outstanding balance will be applied if payment is not received within 15 days of the due date. Balance Computation: Based on average daily balance.
Rates effective 1/1/2011. Rates and terms subject to change without notice.