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GUASFCU Lending

 

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We just lowered rates!

With some of the best lending rates available, GUASFCU has a loan to meet your needs. Whether you're looking for an unsecured personal loan, a new auto loan, a line of credit, or a secured loan to improve your credit rating, our credit committee is available to assist you.

During the school year a member of the credit committee is in the member service/credit office Monday - Friday from 10:30am - 6:30pm. Alternatively, you may contact the credit committee by calling (202)687-8616 or emailing loans@guasfcu.com

 

Decision Types
- Overnight Decision: The Credit Committee will have a decision in one business day, $30 fee.
- Rush Decision: The Credit Committee will have a decision in two business days, $20 fee.
- Regular Decision: The Credit Committee will have a decision in five business days, $10 fee.
Application must be received by 1 PM to be processed by the next business day.

 

Loan Types

 

Unsecured Loan
With or Without a Cosigner. Generally for a multitude of applicant loans, some of which include debt consolidation, travel expenses, computer purchases, rent, or other one-time expenses. The unsecured loan is designed for applicants whose credit history is in good standing, who have sufficient income, and who can obtain loan application approval individually.

 

Secured Loan
- 50% This loan is generally for members who wish to improve an undesirable credit history.
- 100% This loan is generally for members who wish to improve their credit history.

 

New Auto Loan
This loan is generally for members in good standing and with sufficient income who require financial assistance with the purchase of a new automobile

 

Used Auto Loan
This loan is generally for members in good standing and with sufficient income who require financial assistance with the purchase of a used automobile.

 

Personal Line of Credit
The personal line of credit is recommended for individuals who are seeking to borrow small amounts of cash on a continuous basis.


Starting Loan Rates

Effective June 28th, 2009
Product
APR (Starting at)*
Unsecured Signature Loan †
9.00%
New Auto Loan
10% down required
5.50%
Used Auto Loan ‡
5.75%
Personal Line of Credit (PCL)
12.50%


* Rates above are fixed and based on the credit worthiness of the applicant.
† Maximum unsecured loan principal is $25,000.
‡ Up to 100% of N.A.D.A retail value financing.


A cosigner on an unsecured loan reduces the annual percentage rate by 0.25%
Interest rates are updated monthly and based on the prime interest rate published in the Wall Street Journal.
GUASFCU reserves the right to interpret the value of a used car.

 

Compare our loan rates with other financial institutions at Bank Rate