Personal Loans
For those unexpected times in life when you could use some extra cash, First Lincoln Federal Credit Union offers Personal Loans to our members.
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Loans are secured by specific collateral. Collateral may consist of, but is not limited to:
- Automobiles
- Recreational Vehicles
- Pledge of Shares
- Share Certificates
Benefits:
- Loans secured by collateral generally result in lower interest rates
- Peace of mind due to a fixed rate, set term, and consistent payments allows you to budget effectively
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Loan amounts, rates, and terms, are based on the credit score(s) of the applicant(s), including:
- Personal Unsecured Loans
- Revolving Line of Credit
- Pledge of Shares
- Overdraft Line of Credit
Benefits:
- Funds may be used for a variety of personal expenses
- Lines of credit allow you to draw on funds whenever they are needed
- As you pay down your existing Line of Credit balance, more funds become available for use