A Personal Loan gives you the financing you need to achieve your goals. It’s a tool that can be used to cover costs for almost any purpose – whether you’re seeking to complete a home update, plan a wedding or handle unexpected medical or repair expenses.
Extra Funds To Help You Achieve Your Goals
Personal Signature Loans
A lower rate than most credit cards
- Finance for your next vacation, remodeling project, medical procedure or other needs
- Borrow up to $50,000
- No sign up fees or prepayment penalties
- Flexible terms up to 84 months to reduce monthly payments
- Easy online application process
Premier Line of Credit
Access to funds when and how you need them
- Credit lines available up to $50,000
- Rates are variable, but stay low to keep your monthly payments under control
- Only pay interest on the portion you use
- Convenient access to money online, by check or in person at any branch
Overdraft Line of Credit
Linked to your checking account for additional peace of mind
- Automatic overdraft coverage for your checking account
- Credit lines of up to $10,000
- Interest rates are variable, but stay low to make repayment easier
- Money will be transferred to your account to cover checks, debit card purchases and electronic payments
Share Secured Loan
A loan that helps build your credit
- Borrow up to 100% of the amount in your base Share Savings account
- Loan amounts available from $500 to $500,000
- Repayment terms of up to 144 months
- Minimum monthly payment as low as $30
- Build a healthy credit score
Cash To Go Loan
Benefits
- Borrow from $250 to $500
- Flexible payment options of monthly, bi-weekly, or the 1st and 15th of the month
- No credit check
Additional Details
- You must be an Andrews Federal Credit Union member for at least 90 days
- Maximum of four Cash To Go loans per membership account in a calendar year
- Maximum of three Cash To Go loans per rolling six month period
- Must have a direct deposit/allotment for 2 months from the same employer
- Loan amount cannot exceed 75% of member’s monthly direct deposit/allotment
- First payment is due on the next direct deposit/allotment date
- First full payment must be received within 30 days
- Maximum repayment term is six months
Still Have Questions?
Go here to learn more about our eligibility requirements.
Log in to Digital Banking and go to the Loan Services/Make a Loan Payment and choose the frequency of the payment and start date.
No, you are welcome to apply for a loan before you've become a member. Once you've been approved for the loan, membership is required($5 minimum in Savings) for the loan to be disbursed.
You can apply for a loan online by selecting the "Apply for a Loan" option which is listed at a "Common Task" under the "Borrow" section of this website.
There are no fees when making a payment online. However, payments made over the phone are subject to a $14.95 processing fee.
Principal Only Payments are available on mortgage loan products only. Consumer loans are not eligible for principal only payments. On consumer loans, interest accrues daily. Each time you make a payment, the payment will first satisfy interest for the amount of days it has been since the last payment (or date of loan origination, if no first payment has been made.)
Follow the instructions below for an easy way to calculate the interest on your loan.
- Multiply the unpaid balance times the interest rate.
- Multiply the answer obtained in step one times the exact number of days between the loan disbursement (if the 1st payment) or payments.
- Divide the answer obtained in step two by 365 (number of days in a year) and this will equal the interest charged as reflected on your statement.
Good News: You may pay more than the amount due each month. Paying more than your required monthly payment can reduce the amount of interest you pay, and shorten the overall length of your loan. You may make additional payments to the loan at any time, however they will first satisfy any interest accrued and then they will go to any fees and then the principal.
We do not encourage you to use the online loan payment system to pay off your loan. Please contact us to get your exact payoff amount to avoid any shortage in payment.
Rewarding Checking
Kasasa Cash Checking
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*Membership eligibility required. A membership account with a minimum $5 deposit into a Base Share Savings account must be established prior to funding the loan. Please click here to view membership eligibility requirements.
**APRs (Annual Percentage Rate) listed are the lowest available rates. Rates, terms and conditions vary based on creditworthiness and other qualifications and are subject to change. Additional restrictions may apply. Subject to credit approval.
The rate margin for the Overdraft Line of Credit is Prime plus 16.25%. The rate margin for the Premier Line of Credit is Prime plus 12.25%. Maximum APR is 18.00% for both the Overdraft and Premier Lines of Credit. Rates, terms and conditions vary based on creditworthiness and qualifications and are subject to change. Additional restrictions may apply. Rates and APRs are subject to change without notice. Minimum line amount for Overdraft Line of Credit is $1000. Minimum line amount for Premier Line of Credit is $5,000.
Andrews Federal Credit Union is a full-service financial institution with stateside locations in Washington, D.C., Maryland, Virginia and New Jersey, as well as overseas locations in the Netherlands, Belgium and Germany.