Share Secured

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.

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Share & Certificate Loan Rates

TypeTermAPR¹ as low asPer $1,000 Borrowed²
(Maximum Term)
Share Secured Loans0-35 months
36-60 months
61-78 months
2.90%
3.29%
3.79%
$30.91
$19.58
$11.42
Non-Dividend Share Loans120 months4.00%$11.32
Certificate Loans120 months2.50% + Certificate Rate
Credit Builder Loans36 months4.00% + Share Rate
  • 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).