A Signature Loan is a loan that is not secured by collateral. In contrast to a credit card, a signature loan offers a fixed term with set monthly payments. It is an affordable way to help you cover expenses. And for some, it is preferred over a credit card because of its fixed monthly payment and term so you know exactly when it will be paid off. You can use it for almost any purpose, whether you need it for an unexpected expense, pay taxes or just want to pay off higher-interest debt.
• Rates as low as 8.74% APR*
• Terms up to 60 months
• No prepayment penalties
• Fixed Rates – lock in a low rate for the loan term
• Fixed Payments – makes budgeting easy
• No collateral needed
This unsecured loan features a fixed payment which can be repaid over a shorter term.
*APR= “Annual Percentage Rate”. 8.74% APR requires full direct deposit. To qualify for the direct deposit discount, funds must be deposited into your Firefighters First checking account. Some restrictions apply. Offer valid to qualifying members only. Loan rates are based on term and applicant credit history. If direct deposit is cancelled, the APR will increase to the current Market Rate. All loans are subject to credit approval and are subject to Credit Union policies and procedures. Representative Example: A $5,000 signature loan financed at 9.74% APR for 60 months would result in 60 payments of $106.02. Rates effective July 16, 2019 and are subject to change without prior notice. For current rate information, please call 800-231-1626.