▶ Reynoldsburg
▶ Downtown Office
Loans at Education First Credit Union
Education First Credit Union provides loans every month to members just like you. Our members finance automobiles, boats, recreational vehicles and more. We also offers a wide variety of signature products, a competitive credit card program, business loans and a complete line of home loans. Our loan interest rates are reviewed frequently to ensure that they are competitively priced. Let Education First Credit Union provide you with financing for your needs!
Online Payments and Account Funding Is Available – Click Here For Details!
Secured and Personal Loans
When borrowing money, you need to understand all your options. You will find that there are many different loans available. Each one is designed for a specific purpose. You’ll want to make sure that the loan you’re applying for is the one that best matches your specific needs. We will ask you some questions so that we can make the appropriate recommendations to serve your financial best interests.
When shopping for a loan, you’ll hear the terms Secured and Personal. What do they mean? Which one should you ask for? Which type is best for you? All of these are good questions which, we will explain.
Secured Loans
A secured loan is usually requested when you are borrowing money to fund a large purchase. A secured loan is contingent upon the borrower providing “collateral” to secure and ensure repayment. For example, a typical secured loan is to purchase a car, or a house. In the case of a car loan, you are using the auto as your collateral for the loan, or if you are buying a boat or a camper, those items are the collateral used to secure the loan. Secured loans are generally offered at lower rates, with flexible and longer repayment terms.
Examples of Secured Loans:
- Auto Loan (New, Used and Refinanced)
- Home Equity Loan (these have a set loan amount for a specific term or repayment)
- Home Equity Line of Credit (these have a maximum credit limit with varying repayment terms)
- Boat Loan
- Recreational Vehicle Loan
- Home Improvement Loan
Personal Loans
When you apply for a Personal loan, we have to rely on your personal credit history and credit strength in making our decision. Can you repay the loan and your other obligations with your current financial resources? Does the loan request make sense, and does it help improve your financial position? These are all considerations.
Additionally, Personal loans are usually offered at higher interest rates than secured loans, and for lower amounts and for shorter terms for repayment. Depending on the purpose for the loan, a Personal loan may be the best choice for you. Working together and discussing your needs will help us to make the right recommendation, to serve your financial best interests.
Examples of Personal Loans:
- Personal Loans
- Personal Lines of Credit
- Credit Cards
- Some Home Improvement Loans
- Private Student Loans
We are committed to helping you save money and enjoy some financial peace of mind. We will work smart to find the very best options to meet your needs. Please call for an appointment or stop by our branches and we will be glad to assist you. That’s why we are here…to serve the financial needs of our members. Please let us help you, TODAY.
Loan Specials
Finance Your Next Vehicle With Us!
Rates as low as 5.99% APR* for new or used vehicles. Terms of up to 66 months. Loan pre-approval and refinancing available.
*Annual Percentage Rate. Offer subject to credit approval. Rate subject to change without advance notice. Rate Effective September 1, 2023.
Apply For Financing Now!
Credit Disability and Credit Life
Protect the things that matter most.
Credit Insurance can give your family protection from the unexpected.
If something were to happen to you, your family doesn’t need additional worry about how to pay your debts. Credit Disability and Credit Life Insurance may help make your loan payments in the event of disability or death. Which means an easier time for the people you love.
- Easy application
- No medical exam required
- Customized to fit your needs and budget
- Cost included in your loan payment
- Completely voluntary
- Will not affect your loan approval
Enjoy the security that comes with being protected. Ask Education First Credit Union about Credit Disability and Credit Life today.
CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Your purchase of MEMBER’S CHOICE® Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company (Home Office: Waverly, IA), is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative or refer to the Group Policy for full explanation of the terms. Base Policy Nos. CI-MP-POL, CI-SP-POL, B3a-830-0996, B3a-800-0695, B3a-800-0288, CI-MP-CE-POL; CI-MPOE-CC-POL; CI-MP-OE-POL; B3a-800-0992. If you have questions regarding your claim status, contact CMFG Life at 800.621.6323. Only a licensed insurance agent may provide consultation on your insurance needs.
CDCL-3415605.1-0121-0423 CUNA Mutual Group ©2021, All Rights Reserved
One of the biggest and best advantages of doing business with us is our commitment to keeping our loan rates extremely competitive, and our fees to a minimum. We are always working with your financial best interests in mind, and our rates are reflective of that fact. You can count on receiving our best offer, whenever you need to borrow.
Please see our most current Loan Rates below (all rates are subject to change at any time and without advance notice):
Auto Loans / Trucks / Vans |
|
| Auto, Trucks & Vans | |
| Rate & Term | |
| Fixed Rate | |
| 2023-2022 up to 66 months | As low as 5.99% |
| 2021-2020 up to 66 months | As low as 5.99% |
| 2019-2017 up to 66 months | As low as 6.99% |
| *Annual Percentage Rate. Rate, Terms and conditions subject to change without notice. Subject to credit approval. Rate may vary based on credit worthiness. APRs shown are based on a $25,000 loan with a $130 application fee. Other rates and terms are available. Rates effective September 1, 2023 | |
RV / Watercraft / Travel Trailers / Motorcycles |
|
| RV, Watercraft, Travel Trailers & Motorcycles | |
| Rate & Term | |
| Fixed Rate | |
| $70,000-$100,000 / 120 Months | As low as 5.74% APR* |
| $50,000-$69,999 / 120 months | As low as 5.49% APR* |
| $50,000-$69,000 / 84 months | As low as 5.24% APR* |
| $25,000-$49,999 / 72 months | As low as 4.99% APR* |
| $20,000-$24,999 / 60 months | As low as 4.74% APR* |
| $1,000-$19,999 / 12-48 months | As low as 4.49% APR* |
| *Annual Percentage Rate Rate, Terms and conditions subject to change without advance notice. Subject to credit approval. Loan application of $130. Rate may vary based on credit worthiness. Older models add .50% to the above rates. Rates effective September 1, 2023 |
|
Consumer Loans |
|
| Share Secured | |
| Variable Rate & Term Up to 60 months |
Share Certificate/Savings APY** + 2% |
| Credit Builder Loan | |
| Up to 12 Months Maximum $2000 |
8.50% APR* (Variable Prime) |
| Personal Loans | |
| Fixed Rate & Term | |
| $500-$999 / up to 12 months | As low as 9.99% APR* |
| $1,000-$2,499 / up to 24 months | As low as 9.99% APR* |
| $2,500 – $4,999 / up to 36 months | As low as 9.99% APR* |
| $5,000-$7,499 / up to 48 months | As low as 9.99% APR* |
| $7,500 and over / up to 60 months | As low as 9.99% APR* |
| Home Improvement Loan | |
| Fixed Rate & Term $1,000 – $15,000 / Up to 84 months |
As low as 9.49% APR* |
| Debt Consolidation | |
| Fixed Rate & Term | |
| $500-$999 / up to 12 Months | As low as 9.99% APR* |
| $1,000-$2,499 / up to 24 Months | As low as 9.99% APR* |
| $2,500 – $4,999 / up to 36 Months | As low as 9.99% APR* |
| $5,000-$7,499 / up to 48 Months | As low as 9.99% APR* |
| $7,500 and over / up to 60 Months | As low as 9.99% APR* |
| Continuing Education Loan | |
| Rate & Term Maximum Term 60 months |
11.50% APR* (Variable Prime+3%) |
| Stretch Pay Loan | |
| Rate & Term | |
| $1,000 Limit ($95 Annual Fee) | 18.00% APR* |
| *Annual Percentage Rate **Annual Percentage Yield Rate, Terms and conditions subject to change without notice. Subject to credit approval. Rate may vary based on credit worthiness. Rates effective September 1, 2023 |
|
Rewards First Visa Platinum Card |
|
| Rewards First Visa Platinum Card | |
| Variable Rate Up to $30,000 / As low as |
17.24% APR* (Variable Prime) |
| *Annual Percentage Rate Rate, Terms and conditions subject to change without notice. Subject to credit approval. Rate may vary based on credit worthiness. Rate is calculated by adding 8.74% to the current Prime Rate. A guarantor may be necessary if you are under 21 and your annual income is less than $10,000. Rates effective September 1, 2023 Click here to view a copy of Education First’s Visa Credit Card Disclosure. |
|
Visa Platinum |
|
| Visa Platinum | |
| Variable Rate Up to $30,000 / As low as |
14.24% APR* (Variable Prime) |
| *Annual Percentage Rate Rate, Terms and conditions subject to change without notice. Subject to credit approval. Rate may vary based on credit worthiness. Rate is calculated by adding 5.74% to the current Prime Rate. A guarantor may be necessary if you are under 21 and your annual income is less than $10,000. Click here to view a copy of Education First’s Visa Credit Card Disclosure. Rates effective September 1, 2023 |
|
Home Equity Loans |
|
| Home Equity Loans | |
| We offer flexible rates and a variety of terms for this loan. Please contact us at 614-221-9376 option 2, visit us at one of our three branches or email us at Loans@educu.org | |
| Home Equity Line of Credit | |
| Variable Rate | |
| CLTV 80% or Less | As low as 8.50% APR* |
| We offer flexible rates and a variety of terms for this loan. Please contact us at 614-221-9376 option 2, visit us at one of our three branches or email us at Loans@educu.org *Annual Percentage Rate. Rates effective September 1, 2023 | |
First Mortgage Rates |
|
| CLICK HERE for First Mortgage Rates | |
Home Loans Are Available From Education First Credit Union
Education First Credit Union Offers A Variety of First & Second Mortgage Options – for more information please click here.
