Loans
Share Secured "Pledge" Loans
You’ve saved intelligently with NIHFCU. Now you can borrow at an extremely low rate using your NIHFCU share or certificate account as collateral.
This is a perfect loan for those who have funding needs but wish leave their savings intact. Such as:
- Helping your student pay for college tuition and related educational expenses
- High rate debt consolidation
- A wedding or for other of life’s “big” events
As you pay down your loan, the “pledged” amount in your account is released back into your available funds.
Choose up to a 12 year term and borrow up to:- 100% of your regular (or premium) share balance at a variable rate equal to the dividend rate plus 3%1.
- 90% of your certificate at a fixed rate equal to the dividend rate plus 3%1.
With up to a 12 year amortization and the low rate, your monthly payment can be kept extremely low.
Applying is easy! You can call our Member Contact and Support Center at 301-718-0208, or visit any of our 10 branch locations.
1 Subject to change without notice. Advertised rate is regular share annual percentage yield as of 5/01/10 plus 3.00%.
