The kid needs braces. The fridge is on the fritz. The transmission finally goes. It’s going to take a little more cash than you keep on-hand and the repair shop is more than happy to let you pay-over-time, but at what cost? Call Federal’s personal loan programs were created with exactly these occasions in mind.
Signature Loans
Our signature loans allow you to borrow with the peace of mind that your rate will not change and there are no origination or prepayment fees. We will help you develop manageable and predictable payments with flexible payment terms up to 84 months.
Personal Line of Credit
Available to all members with a Call Federal checking account, this “just in case” line of credit can be used for unexpected expenses, vacation, home renovations, weddings, and even overdraft protection. There are no fees for advances and no collateral needed. Funds are accessible via online banking, visiting a branch, using your debit card, or by giving us a call.
Share Secured Loans
An account where the money you’ve saved actually saves you money? Very clever! By using your long-term savings as collateral, our Share Secured Loans have lower rates and flexible terms that can help you reach your financial goals faster. This program is also excellent for savers in need of a second chance at building good credit.
Share Certificate Loans
Members who hold long-term Share Certificates (our equivalent of CDs) can borrow against those accounts without penalty up until the certificate matures, a convenient way to manage an unexpected expense without compromising your long-term savings plan.
Personal Loans – At A Glance
| Signature | Personal Line of Credit | Share Secured | Certificate Secured | |
| Security | Unsecured | Unsecured | Savings (Shares) Account | Share Certificate |
| Rate/APR* | 7.25%-18.00% | 9.75%-18.00% | 3.00% (1 – 36 months) 3.50% (37 – 60 months) * plus share rate |
3.00% plus certificate rate |
| Terms | Up to 84 months (7 years) |
Revolving | Up to 60 months (5 years) |
Length of Certificate (up to 36 months/3 years) |
| Other | – | Must have a Call Federal Checking account |
– | – |
*APR = Annual Percentage Rate. Best APR listed a 24-month term and top tier credit, as well as a max rate discount of .75%. Our rate discount program is made up of three options. Loyalty discount of .50% with Call Federal history loan origination within the last 7 years or membership history of 10 years or more. Education discount of .50% for completing one of the qualifying courses [LINK TO WEBPAGE EXPLAINING] available in our Money & Beyond Portal and providing the certificate of completion at loan application. Automatic transfer discount of .25% for members who set up an auto transfer payment from a Call Federal checking account. If the member receives this discounted rate but discontinues the auto transfer service, the loan rate can be automatically be adjusted accordingly. The two discounts for .50% cannot be combined. All of these discounts are only available at the time the loan is processed. Current personal loan rates range from 5.50% – 18.00% APR. Rates subject to change but will not exceed 18.00%. Rates, terms, and conditions may vary based on creditworthiness and qualifications. Income and employment verification required. Other restrictions and conditions may apply. Payment Example: Estimated monthly payment of $157 for a loan of $5,000 at 8% APR for a loan term of 36 months.
Related Products
Home Equity Line of Credit
Take advantage of the value built up in your home with a convenient, affordable, low-interest, low-cost home equity line of credit. Contact our lending team today to compare options and see what makes the most sense for you and your family.
Home Equity Loans
Need a lump sum to cover a major expense, like home repairs or medical bills? A Second Mortgage would allow you to borrow against the equity built up in your home and pay it back over time.
