"The online application was easy and my loan officer contacted me right away. I would definitely use HFS again for all my loan needs."
- Melanie
A loan secured by your Savings
Rates as low as 2.15% APR*
Monthly Payment
Why get a Secured Loan from HFS?
Share Secured Loan
Variable rates (2% above current Savings rate)
Terms up to 120 months
Funds equal to the amount of the loan are held in the account
As you pay the loan down, the funds are released and become available to you
Share Secured Line of Credit
Low, variable interest rate
Low monthly payments
Revolving open credit line
Rebuild or establish your credit using this low-rate option
All aspects of our transaction were pleasurable, professional, and done in a timely manner...excellent!
Questions?
Drop us a message anytime with your questions or schedule an appointment with a loan officer.
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Subject to credit approval. Applications may be submitted online or at any HFS FCU branch location. Secured Personal Line of Credit and Share Secured rates are subject to change without notice.
Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawai’i. A minimum opening balance of $50.00 is required to open a Savings Account.
The Calculator Tools are not guarantees of credit. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Rates
| Loan Type | % Above Index | Term |
|---|---|---|
|
Share Secured Loan |
2% |
|
| Loan Type | APR |
|---|---|
|
Share Secured Line of Credit |
|
Rates effective as of: April 26, 2024
Disclosures
APR=Annual Percentage Rate. Subject to credit approval. The Annual Percentage Rate (APR) you receive for the above accounts will be within the range disclosed and is based on certain credit-worthiness criteria. Ask the Credit Union for the rate you qualify for.
All the advances are secured by any property specifically pledged and shares on deposit with the Credit Union. In addition ALL advances are cross-collateralized by all property and shares pledged to secure any sub-account or advance. For example, a car pledged to secure a New Automobile Sub-account will also secure a Signature sub-account. Cross-collateralization does not apply to your home, any Keogh or IRA accounts with us, or to property defined as household goods under Regulation AA or 12 CFR §706.
Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawai’i. A minimum opening balance of $50.00 is required to open a Savings Account.
Share Secured Loan: The Annual Percentage Rate (APR) for Share Secured advances will be the dividend rate being paid on regular shares (Index) on the date of the advance plus 2%. If there is an existing balance on the date of the new advance, the existing balance will be added to the new advance and the entire balance will be at the new APR. The rates will change as the dividend rate on the shares (Index) changes to reflect any change in the Index. Any increase in the APR will take the form of more payments of the same amount until what you owe has been repaid.
Share Secured Line of Credit: Line advances will be given in increments of $100.00. Your monthly payment will be calculated at $35.00 per $1,000.00 in line balance at the time of your billing cycle and is due on the last calendar day of every month. Rates are subject to change without notice.
Additional Info
Late Charges:
If you are more than ten (10) days late in making a payment, you will pay a late charge of 5% of the payment due with a minimum of $5.00.
Collection Costs:
You promise to pay all costs of collecting the amount you owe under this agreement including court costs and reasonable attorney fees.
Apply for a Secured Loan
New Members
Complete your application online or visit your nearest HFS branch to meet with a Loan Officer.
Select the type of Secured Loan you’d like to apply for below:
Current Members
Log in to Online Banking for a quicker application process.
Open Account
Leaving Our Website
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