Personal Loans

      LIRFCU offers two main types of personal loans:

Share-secured & Personal

 

Shared Secured

Share-secured means that you pledge your shares, or money in your savings with the Credit Union, against your loan.

  • Up to 5 Years at 2.25%*
  • 6 Years at 2.50%*
  • Up to 90% your Share Savings Balance
Debt Consolidation 

A Debt Consolidation Loan has no collateral or pledge, you receive this loan based on your history and merit. The loan will be distributed to your lenders by the credit union on your behalf.

  • Up to 7 Years at 9.99%*
  • Max Amount of $20,000.00
  • Loan term and limit based on approval.
Personal

A Personal Loan has no collateral or pledge, you receive this loan based on your history and merit.

  • Up to 7 Years at 8.99%*
  • Max Amount of $12,000.00
  • Loan term and limit based on approval.
How to Apply

Submit the following:

  • Completed Loan Application
  • Copy of Drivers License
  • Income Verification (Not needed for Share-secured)
Apply Online Download Printable Application
Call us with any questions!

631-661-4800 x371


*Rates subject to change with or without notice. All lending offers are subject to a full credit history review and approval.   Applicants who are not approved for advertised rates may be offered credit at a higher rate and/or different terms.

Share Secured – 2.25%
  • 1 yr 2.25% - $84.35/$1,000
  • 2 yrs 2.25% - $42.65/$1,000
  • 3 yrs 2.25% - $28.76/$1,000
  • 4 yr 2.25% - $21.81/$1,000
  • 5 yr 2.25% - $17.64/$1,000
  • 6 yr 2.50% - $14.98/$1,000
Personal – 8.99%
  • 5 yr 8.99% - $20.76/$1,000.00
  • 6 yr 8.99% - $18.02/$1,000.00
  • 1 yr 8.99% - $87.44/$1,000.00
  • 2 yr 8.99% - $45.68/$1,000.00
  • 3 yr 8.99% - $31.80/$1,000.00
  • 4 yr 8.99% - $24.88/$1,000.00
  • 7 yr 8.99% - $16.09/$1,000.00