Borrow without dipping into your savings.
No need to spend your savings when you can use your Eagle Federal deposits to secure a low rate loan.
Share & Certificate Loan Rates
| Type | Term | APR¹ as low as | Per $1,000 Borrowed² (Maximum Term) |
|---|---|---|---|
| Share Secured Loans | 0-35 months 36-60 months 61-78 months | 2.90% 3.29% 3.79% | $30.91 $19.58 $11.42 |
| Non-Dividend Share Loans | 120 months | 4.00% | $11.32 |
| Certificate Loans | 120 months | 2.50% + Certificate Rate | |
| Credit Builder Loans | 36 months | 4.00% + Share Rate | |
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Share Secured Loan Features
- Fixed loan rate
- Borrow up to 100% of the savings balance
- Repayment terms up to 10 years
- Funds pledged to secure the loan continue to earn dividends at market rates
- Funds pledged to secure the loan are released and made available as you pay the loan
- Flexible payment options – pay monthly, bi-weekly or semi-monthly
- Simple interest loans with no prepayment penalties
- Debt protection coverage is available
- Apply online, by phone or in person
-
Non-Dividend Share Loan Features
- Fixed loan rate
- Borrow up to 100% of the savings balance
- Repayment terms up to 10 years
- Non-dividend share savings pledged to secure the loan are available to transfer as you pay the loan
- Flexible payment options – pay monthly, bi-weekly or semi-monthly
- Simple interest loans with no prepayment penalties
- Debt protection coverage is available
- Apply online, by phone or in person
-
Certificate Loan Features
- Low rate of 2.50% APR above certificate rate – rates automatically adjusted when certificate matures
- Borrow up to 95% of the certificate pledged
- Payment amortized based on repayment terms up to 10 years
- Share certificate pledged to secure the loan continue to earn dividends at market rates
- Flexible payment options – pay monthly, bi-weekly or semi-monthly
- Simple interest loans with no prepayment penalties
- Debt protection coverage is available
- Apply online, by phone or in person
-
Credit Builder Loan Features
Credit Builder loans are share secured loans where the loan proceeds are deposited into a special share account to be used as collateral on the loan. When the loan is repaid, the share savings funds are available to use. Credit Builder loans are a great way to build or rebuild credit. It is also a way for members who can make loan payments but have trouble “saving” money build up savings for future purchases or vehicle down payments.
- Fixed loan rate
- Borrow up to $3,500
- Repayment terms up to 3 years
- Share savings pledged to secure the loan continue to earn dividends at market rates
- Share savings pledged to secure the loan are released and made available when the loan is paid in full
- Flexible payment options – pay monthly, bi-weekly or semi-monthly
- Simple interest loans with no prepayment penalties
- Debt protection coverage is available
- Apply online, by phone or in person
1APR is Annual Percentage Rate. Loan rates will be adjusted based on individual credit profiles. Contact a loan officer for specific rates and terms. Rates are subject to change without notice.
2Monthly payments quoted include the purchase of Debt Protection (many options and prices available).