Have a dream? A new vehicle? Boat? Vacation? What ever your dream may be we can help you fulfill it. Our personal loans have a competitive rate along with flexible repayment options. That dream isn’t as far away as you think.

FEATURES:

• Available to members 18 years of age or older
• Available to members under 18 years of age with qualified co-borrower
• Available to a maximum of 15 years dependent upon security held
• No minimum restrictions
• Competitive interest rates
• Flexible repayment terms including weekly, biweekly, semi-monthly and monthly options
• Can be prepaid without penalty
• Disability insurance available
• Life insurance available
• Automatic transfer from other accounts for payments at no charge

ADDITIONAL PERSONAL LOAN TYPES

RSP LOAN

There is no better investment than an investment for your future. But sometimes that cash can be difficult to come up with. Your investment can be made easier with a Registered Savings Plan loan from your Northern Lights Credit Union.

• Money borrowed to be invested in a RSP (if invested at the Credit Union, qualifies for preferred rate).

FEATURES:

• available to members 18 years of age and older
• available to members under 18 years of age with qualified co-borrower, co-signer &/or guarantor
• interest calculated on unpaid balance
• can be prepaid without penalty
• variable competitive interest rate option available at Prime plus 1%
• amortization term is a minimum 1 to 5 years ( must match term of RRSP investment -- can have a longer term on the RRSP investment than on the loan but not is reverse)
• RRSP must be invested with NLCU in order to receive the special RRSP Loan rate
• the RRSP Loan may also be used to invest in Ethical Funds at the special interest rate of Prime plus 1%
• the RRSP Loan may also be used to invest in Ethical Funds at the special interest rate of Prime plus 1%
• the RRSP Loan is available all year
• flexible repayment terms including weekly, bi-weekly, semi-monthly, and monthly options available
• life insurance available
• disability insurance available
• automatic transfer ability from other accounts for payment at no charge
• transaction activity and current balance included on member statement

FULLY SECURED LOAN

• A loan that is secured by savings, term deposits or bonds, equal to the value of the loan (qualifies for a preferred rate).

COLLATERAL MORTGAGE

Realize the power in your home with a collateral mortgage. Use your home equity for anything you choose. Imagine the possibilities; renovations, a new recreational vehicle or a family vacation.

For more information contact the lending specialists at your local branch!