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Loan
Services
When borrowing
becomes part of your plans, MSA Employees Federal Credit can
work with you to arrange a loan. It can be a fast, easy process.
Below are frequently asked questions
When can
I apply for a loan?
- As soon as
you join the Credit Union with a $50 minimum in shares
What Procedure
is needed to apply for a loan?
- Loan application
must be completed
- Verification
of income (ex. Current pay stubs; Social Security and/or
Pension Checks)
What types
of loans are offered?
- New and Used
Car Loans
- Share Secured
Loans
- Personal
Unsecured Loans
- Recreational
Vehicle Loans
- Motorcycle
Loans
- Boat Loans
- Mobile Home
Loans
- Certificate Secured Loans
- Home Equity
How are loans
approved?
After application by member, approval
is based on:
- Ability
to repay-Debt Ratio Calculation
- Credit History
- Collateral
offered
Why should
I borrow from the Credit Union?
- No hidden
charges
- No penalty
for early repayment
- Fast, efficient
service
- Competitive
fixed rates
- Extra payments
accepted anytime
- All loans
are confidential
- Simple interest
on declining unpaid balances
- Voice Response/E-Banking
THE MSAEFCU STAFF WILL BE GLAD
TO ASSIST YOU
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