Is a VitaLoan right for me?
VitaLoans were created for healthcare workers like you. Designed to assist in short-term situations, these low-interest loans can help with unplanned expenses, or cover costs that are unique to healthcare professionals. A VitaLoan could be right for you, if:
You need some short-term cash at a low rate
You need help with some unplanned expenses
You need help covering work-related charges
You need some cash and could use 90-days before your payments start
If you think a VitaLoan is right for you, get started now by completing our online application.
Need help now? These CARES Act Programs Provide Financial Support
Payment relief and financial assistance are just a few of the emergency assistance programs available to the general public.
Also, if you successfully apply for Medicare, there are many pharmaceutical assistance programs that might be able to help with RX payments. Learn more
Refinancing debt can help you lower monthly payments and save money.
Most healthcare workers pay far more interest each month than they need to. Now you can maximize your monthly budget by limiting unnecessary interest payments. At the NIH Federal Credit Union, refinancing and consolidating your existing debt with an eye for saving you money, is what we do. Here are just a few of our money saving refinance programs.
Credit cards: Responsible for more hidden monthly interest than any other form of debt, if you carry monthly balances on your cards chances are we can save you money.
Mortgages: even a small drop in your mortgage rate can result in significant monthly savings. If you need extra money in your monthly budget this is a great place to look.
Auto loans: With low rates and no payments for 90*** day, our vehicle loans are extremely competitive.
If you currently have any of this debt and haven’t looked at refinancing within the last few years, there might be money hiding in your monthly payments.
Economic Relief Programs Designed for healthcare workers
From grant programs, student loan forgiveness to free credit counseling, these programs are specifically designed to assist healthcare professionals like you.
Discounts exclusively for healthcare professionals
When things are tough, every little bit helps, that’s why we assembled a list of organizations that want to say thank you through their healthcare-specific discounts, designed for people like you.
*VitaLoan information provided is not an offer of credit and is a reflection of typical loan products that may be available to healthcare workers in your area. In order to qualify for a VitaLoan with NIHFCU, you must complete an application, submit to a credit check and receive an official offer of credit from the credit union. If approved for a VitaLoan, a 90-day deferral of your first payments is an option that is available. Please be aware that you will still need to make your deferred payments. Deferring payments will delay the payoff of your loan, and result in additional finance charges. The 90-day deferral program is subject to change at any time; restrictions apply. NIHFCU membership is not required to apply for a loan with the credit union. However, if approved, NIHFCU membership must be established prior to funds being disbursed to you. Visit www.nihfcu.org for more information.
**Annual Percentage Rate (APR) depends on actual credit qualifications for individuals who complete an application for a VitaLoan and APR is subject to change without notice. The lowest APR shown is available to applicants who complete an application for a Vital and who have excellent credit and includes a rate discount of 0.25% for automatic-debit loan payments from an NIHFCU TotalCare checking account. If automatic payment ceases before loan is paid in full, the interest rate will increase by 0.25%. Final rates and terms for approved applications depend on, credit and payment history, payment method, and other factors that may be lawfully considered. Restrictions may apply.
All public programs, emergency financial assistance, and discount programs included on this page are offered, administered, and controlled by third-party organizations and are not associated or endorsed by the NIH Federal Credit Union. Please be sure to always read the details of every program before participating and seek professional advice whenever possible.
***A 90-day deferral of the first payment is an option available on all vehicle loans. Deferring a payment will delay the payoff of your loan, and result in additional finance charges if you only make minimum payments. You need to make up the deferred payments. The 90-day deferral program is subject to change at any time; restrictions apply.