You can obtain a personal loan from the IEACU for a variety of purposes. We offer share secured loans or unsecured loans.
|
Type of Loan |
Term |
APR |
|
Share Secured Loans |
36 Months |
As low as 5.75% |
|
Share Secured Loans |
48 Months |
As low as 6.25% |
|
Share Secured Loans |
60 Months |
As low as 6.75% |
|
Unsecured Loans (Up to $4,000) |
36 Months |
As low as 10.90% |
|
Unsecured Loans (Up to $12,000) |
48 Months |
As low as 11.90% |
Loan rates are effective September 1, 2007 and are subject to change
The Annual Percentage Rate or APR means that you are paying interest only on what you still owe each month (the declining balance.)
IEACU uses a risk based lending policy to determine a members interest rate on many of our loan products. In grading a loan application , the credit bureau provides IEACU with a calculated national risk score. Which is then matched to a letter score of A-E. Rates have been set according to a corresponding letter grade. The letter grade of A would receive the best rate while tiers B-E would each receive higher interest rate.
All loans are subject to qualification.