|Loan Type||Minimum Loan Amount||Term||APR* as low as|
|Personal Loan||$500||up to 24 months||8.99%1|
|Personal Loan||$2,000||25-36 months||9.24%1|
|Personal Loan||$3,000||37-60 months||9.99%1|
|Personal Loan||$5,000||61-84 months||10.99%1|
|Line of Credit||$500||N/A||14.65%2|
|Savings Secured||$500||up to 60 months||2.80%4|
|Savings Secured||$500||61-120 months||2.80%3|
If you’re ready to apply for a loan, make sure you’re prepared for your credit review by requesting the credit bureaus (Experian, Equifax, and TransUnion) to lift your credit freeze before you apply.
*APR=Annual Percentage Rate. Rate is based on an evaluation of credit history, so your rate may differ.
1 For debt consolidation loans, 1% will be added to the Personal Loan rates. A sample principal and interest payment on a $10,000 fixed rate Debt Consolidation Loan at 10.99% APR for 60 months is $218.39.
2 Your initial Annual Percentage Rate (APR) will range from 14.65% to 18.00% based on your creditworthiness. After this, your APR is subject to change monthly based on the Prime Rate published in the Wall Street Journal on the last business day of the prior month.
3 Rate is variable. Contact Northwest Federal for more details.
4 Savings secured loan payment example: savings secured loan amount of $5,000 for 60 months at 2.80% APR will have an estimated monthly payment of $89.50.