Personal & Consolidation
A personal loan is used for any reason and any purpose. It is an unsecured loan which means there is no requirement to pledge an asset (like a home or car) as collateral. Like all loans, there are many factors in granting a loan but the main factors are your credit history and your ability to pay the loan back. At Eagle Federal we have various terms and competitive low rates to meet your objective. Talk to us today and let us find the right loan for your need or want. Apply over the phone, online or at a location today!
If you have several bills at high interest rates, we would like the opportunity to work with you to pay-off debts by combing the debts into one loan. Personal loans offer several repayment terms at reasonable rates that make sense for consolidating multiple loans or bills. Credit card statements show how many years it will take you to pay off the debt by continuing to make the minimum monthly payment. Notice the interest rate. Is it higher than our personal loan rates? Most credit cards from stores and other vendors average anywhere from 21.99% to 29.99% and some are even higher. This means when you make the minimum payment, a good portion of your payment goes to pay interest and very little toward the principal.
Give us a call or come by and let’s discuss your options. Let us try to help you better position yourself into an affordable monthly payment with more money in your pocket.
Personal & Consolidation Loan Features
- No collateral needed.
- Apply online, by phone or in person.
- Low competitive rates.
- Repayment terms up to 6 years.
- Loans from $500 to $20,000
- Flexible payment options matched to fit your lifestyle. Pay monthly, bi-weekly or bi-monthly.
- Credit life and credit disability coverage available.
- Simple interest loans with no prepayment penalties means you only pay interest for the time you use the money.