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Savings-Secured Loans

Installment loans that allows you to borrow against your Island Savings or Share Certificate account and continue earning dividends.

 
 
  • Financing up to 100% of account balance with verified available funds
  • Ultra-low rates
  • Terms up to 60 months1
  • A great way to build/reestablish credit or avoid early withdrawal penalties on certificates
  • Free account access via Online Banking and NiftiPhone®

Find a branch |  Call (800) 848-5654, option 5

Rates effective July 8, 2008 APR = Annual Percentage Rate

Loan Type Approximate Term Custom APR Standard APR Preferred APR
Share-Secured Up to 36 months n/a Share Savings rate + 3% n/a
  37 - 60 months n/a Share Savings rate + 5% n/a
Certificate-Secured 2 Up to 60 months Share Certificate Rate + 3%
See Also
Other personal loan options include Island Lines of Credit and Signature Loans.

 

Terms & Conditions

1 Some restrictions apply
 

2 The Annual Percentage Rate (APR) you receive for certificate-secured advances is a fixed rate that will be stated on the Voucher or Receipt received at the time of the advance. The certificate will be held until the loan is repaid.
 

Collection Costs: You agree to pay all costs of collecting the amount you owe under this Agreement including court costs and reasonable attorney fees.
 

Late Charges: Payments received 10 days or more after due date will incur late charge of 5% of past due payment amount
 

Rates, terms, and fees are subject to change. All loans are subject to credit approval. Your overall credit worthiness will determine the interest rate available to you. Fees and charges may apply.