Personal Loans | CashXpress Loans | Share Certificate Loans
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Share Loans
Want to make a large purchase, but you don’t want to drain your savings to do it? Then check out our Share Loan program. You can put your money to work for you. This loan provides you automatically approved funds at ridiculously low rates. How does it work?
By securing the amount of money you want to borrow from your available funds in your savings account at L&N Federal Credit Union, we can advance you money at a rate of 2.5% higher than the highest rate earned on regular savings accounts. So if the current highest-earned rate is currently 2.0%, then the rate you would pay on your loan is 4.5%. And that’s not all. We still allow you to earn dividends on your full savings balance. That’s right! So you end up paying an effective rate of 2.5% on the loan. And we allow up to 10 years to pay it off, as long as your loan payment is at least $25.00.
All those benefits, and it can be completed in as little as 15 minutes. So you get to keep your savings and still make the purchases you want in no time at all. Why wait any longer? Save money now by taking advantage of this program today.
For more information about our Share Loan program, contact our Loan Department at (800) 292-2905 or (502) 368-5858 or email us at lending@lnfcu.com.
