Break free from holiday debt! Holiday Loans are now available.
Reduce your financial stress with a Holiday Loan from Scott Credit Union! Our low rate holiday loans are a great alternative to other higher-rate loans. Plus, with up to a 36-month term it’s easy to pay off with low monthly payments. Holiday Loans are offered through January 31, 2021.
- Rates as low as 6.25% APR1
- Loan amounts up to $5,000
- No payments for 60 days2
- Terms up to 36 months
Or, call our Loan Center directly at 618-381-7300.
1APR=Annual Percentage Rate. Rates are based on the applicant’s credit history. Loan example: The monthly payment on a $5,000 loan without 60 day deferred payments at 6.25% APR for 36 months would be $152.69. Holiday loans may not be used to pay any other Scott Credit Union loans.
2Interest will accrue during 60 day no payment period.
Loan is subject to approval.
Have unexpected expenses, want to consolidate debt, need a long overdue vacation, or want the latest gadget? If you need a quick, affordable option, then a personal loan might be the option for you. Scott Credit Union offers several options to meet your needs, including secured and unsecured loans. Let us help you find the right fit for you.
- Rates as low as 9.25% APR1
- Low-rate unsecured loan
- Up to 60 month terms
Getting a signature loan is as simple as filling out the application and signing your name. These types of unsecured loans are great when you need money in a pinch. Since signature loans are unsecured, you don’t have to put collateral behind them in order to receive funds. This makes them an option for people who don’t have a large amount in their savings or a share certificate to use as collateral.
Pledge Share Loan
- 2.00% APR3 above current Share Rate or 2.00% APR2 above your Share Certificate Rate
- Lower rates due to the collateral backing
- Up to 60 month terms
Pledge share loans give you access to funds that are secured by the money you have in your share savings or share certificates. Because these loans are secured by collateral, they carry lower rates than an unsecured signature loan.
1APR = Annual Percentage Rate. Rates are subject to change and are based on the applicant’s credit history. Loan example: The monthly payment on a $5,000 loan at 9.25% for 48 months would be $125.05. Terms for Signature Loans are based on the amount of the loan. Some restrictions apply.
2APR = Annual Percentage Rate.
3APR = Annual Percentage Rate. If share rate changes then pledge share loan rate is also subject to change.
Rates effective as of January 1, 2021.
|Type of Loan||Term||APR|
|Pledge Share Loans||60 Months||2.00% above current Share Rate or 2.00% above current Share Certificate Rate|
|Signature Loans||60 Months||as low as 9.25%|
|48 Months||as low as 9.25%|
|36 Months||as low as 8.75%|
|Ready Reserve Overdraft Protection||N/A||as low as 16.00%|
APR = Annual Percentage Rate. Rates are subject to change and are based on the applicant’s credit history. Loan example: The monthly payment on a $15,000 loan at 9.25% for 60 months would be $313.20 Terms for Signature Loans are based on the amount of the loan. Some restrictions apply.