Loan Types

Loan Types Offered

vacation

New Car Loans:
Call for current competitive rates – up to 84 months to pay. Title required for collateral. You may obtain loan approval before you shop for your new car. Check with credit union office for details!

Used Car Loans:
Call for current rates – up to 72 months to pay. Title required for collateral. You may obtain loan approval before you shop for your used car. Check with credit union office for details!

RV’s and Boats:
Loans on RV’s and boats available – up to 7 years to repay.

Motorcycles:
Used up to 5 years to repay.
New up to 6 years to repay.

Open End Revolving Loans:
$3,500-up to 36 months to repay, $5,000 (48 months), $7,500 (60 months). Money available upon demand after initial approval of credit committee.

Home Equity Loan:
Call for current rates and informational pamphlet – open-end variable lines of credit available up to $200,000. No annual fee. Fixed rate closed end also available up to $200,000.

Sallie Mae Student Loans:
Check our website or call the office for details.

Tuition Loan:
Up to $10,000 line of credit. Can be used for tuition
and books only (invoice required). Special low rate
available for tuition loans.

Signature Loans:
$3,000 – up to 36 months to repay or $2,500 – up to 30 months to repay. No collateral required.

Share Loans:
No limit if you have the amount of the loan in your share account. Savings equal to the outstanding amount of loan cannot be withdrawn until the loan is paid – up to 7 years to repay.

Vacation & Holiday Loans:
$4,000 – up to 48 months to repay. Limit of two vacation and two holiday loans outstanding per member.

Automatic Payment:
Automatic payment by payroll deduction or ACH (electronic funds transfer) from your checking or savings account are available. Lower interest rates apply when automatic payment option selected.

Solon Chagrin Falls Federal Credit Union 2025