Personal Loan
Bring your plans to life and have some fun with a Nassau Financial personal loan - the perfect way to fund your dreams and make them a reality!
Whenever the need to borrow money arises
Nassau Financial Federal Credit Union is here to help you achieve your financial goals. We offer loans to help meet your every need. Remember, we are a credit union and our loans are different from personal bank loans.
Personal Loan
Get the funds you need to get things done!
- Low-Interest Rates
- Terms up to 60 months
- No Prepayment Penalties
- Rate reductions with Auto Pay and Direct Deposit
Signature Line of Credit
For the planed & unplanned expenses.
- Low-Interest Rates
- No Application Fees
- No Prepayment Penalties
- Rate reductions with Auto Pay and Direct Deposit
Secured Personal Loan
For those looking to repair, build or establish credit.
- Preserve your hard-earned savings
- Rebuild your credit
- Rate reductions with Auto Pay and Direct Deposit
Frequently Asked Questions (FAQs) about Personal Loans
What is a personal loan?
A personal loan is an unsecured loan used for various purposes, such as debt consolidation, home improvements, or unexpected expenses, without needing collateral.
How do I qualify for a personal loan at Nassau Financial?
Eligibility depends on your credit score, income, and membership status with Nassau Financial Federal Credit Union.
What are the interest rates for personal loans?
Rates vary based on creditworthiness and loan terms. Discounts may apply for Auto Pay and Direct Deposit.
How long does it take to get approved for a personal loan?
Approval can be as quick as a few business days after submitting a complete application.
Can I use a personal loan for debt consolidation?
Yes, personal loans can consolidate multiple debts into one manageable payment, potentially at a lower interest rate.
Are there any fees associated with a personal loan?
Fees may include an origination fee or late payment fee, but there are no prepayment penalties.
How do I apply for a personal loan?
Apply online through our secure application, visit a branch, or call us directly with necessary documents.
What is the maximum amount I can borrow with a personal loan?
The amount depends on your credit profile and income. Contact us for specific borrowing limits.
Can I refinance my existing loan with a personal loan from Nassau Financial?
Yes, refinancing options are available to adjust your rate or repayment terms. Consult with a loan officer for details.
What happens if I miss a payment?
Missing a payment can lead to fees and affect your credit score. Contact us immediately to discuss options if needed.
Learn more about our Personal Loans
Personal Loan
Need to borrow money? We'll help you find the right product to meet your needs and empower you to chart your own successful financial future. Unlike a bank's personal loans, at Nassau Financial, you are not a customer; you're an owner. Because we do not have shareholders, we pass profits along to our members/owners in the form of lower rates - lower than personal bank loans.
*APR=Annual Percentage Rate. Offer for new signature loans (personal loans) at Nassau Financial only. Rate includes discounts for Auto Pay & Direct Deposit. Rates may be higher without AutoPay & Direct Deposit. Refinancing or payoff of outstanding balances at Nassau Financial is prohibited. All loan types, rates, terms and offers are based on applicant's credit history. Minimum loan amount is $1,000; maximum loan amount is $40,000. Nassau Financial’s cumulative unsecured loan &/or line of credit balance maximum is $40,000. Rate offer quoted, Terms & Conditions may change at any time.
Signature Line of Credit
Learn More About a Signature Line of Credit from Nassau Financial
Nassau Financial offers a personal line of credit that can be easily set up and ready when you need it. You may apply for your own signature line of credit anytime and, once approved, you only pay interest on the amount you use. There is no set-up charge or annual fee.
Signature Line of Credit from Nassau Financial
Need cash to make a purchase or for any worthwhile purpose? A Nassau Financial loan or line of credit could be right for you. Borrow up to $40,0002.
Apply for a Line of Credit Today
*APR=Annual Percentage Rate. Rate includes discounts for Auto Pay & Direct Deposit. Rates may be higher without AutoPay & Direct Deposit. All loan types, rates, terms, and offers are based on applicant's credit history. **Minimum line amount is $500. Nassau Financial’s cumulative unsecured loan &/or line of credit balance maximum is $40,000. Rate offer quoted, Terms & Conditions may change at any time.
Secured Personal Loans
Looking to establish credit? A personal secured loan from Nassau Financial Federal Credit Union may be the answer. Secured personal loans are guaranteed or secured by money in your personal savings or certificate account. This is an attractive loan option for many as it provides a low-risk way to obtain money needed for home or car repairs or any sudden financial need.
What You Need to Know About Secured Personal Loans
An attractive aspect of personal secured loans is you continue to earn interest on the money you have pledged as collateral for the loan.
Also, a secured loan is a great way to establish credit if you have never had a loan or credit history. Repaying a secured loan as agreed helps you build a strong credit profile.
The application process for a personal secured loan is simple, straightforward and quick. Your Nassau Financial Federal Credit Union Personal Service Representative can answer questions you may have and help you get started right away. Visit a branch, or call us at 516-742-4900 to apply.
If you have funds in your Nassau Financial Savings or Certificate Account to pledge as security for a loan, this option may work for you.