Loan Products
Advance Financial utilizes an open-end lending system for all loans.
This process speeds loan approvals, eases enrollment for payment
protections, reduces paperwork and streamlines other loan services,
such as credit cards and other subsequent loan requests. The first
time that you apply for a loan at Advance Financial, you will complete
an application and sign the loan agreement. At that time, you will
receive all legal disclosures that will allow us to quickly and
efficiently handle all future loan requests.
How to Apply
- In person at any of our office locations
- By calling a Loan Service Representative at 219.392.3900
- By clicking
here
Vehicle Loans
Whether you're purchasing your first or third vehicle, refinancing
or simply buying an extra toy, Advance Financial has some of the lowest
rates and most convenient terms around on both new and used motorized
vehicles.
- Pre-Approvals
- Direct Dealer Financing (DDF)
- Refinancing available
- A variety of terms ranging from 36 months to 84 months
- Fixed payments for term of loan
- Loan repayment can be scheduled for payroll deduction/automatic
transfer or can be easily transferred using Touch Tone Teller/CU
Online
- Mechanical Repair Coverage (MRC) and Guaranteed Asset Protection
(GAP) available
Fully Secured Loans
Borrow at a preferred rate when you secure your loan with matched
funds in your savings. A fully secured loan is also an excellent method
of rebuilding or establishing a positive credit history.
- Lower interest rate than most other loans
- Borrowed money must equal the deposits in a savings, money
market or certificate account or 70% of stock value
- Fixed payments for term of loan (maximum 5 years)
- Continue to earn dividends on collateral
- Loan repayment can be scheduled for payroll deduction/automatic
transfer or can be easily transferred using Touch Tone Teller/CU
Online
Personal Loans
A personal loan can be used for vacations, consolidation of bills,
tuition, a wedding, holiday expenses or for almost any purpose.
These loans are uncollateralized and are secured by your promise
to repay.
- Fixed payments for term of loan (maximum 36 months)
- Loan repayment can be scheduled for payroll deduction/automatic
transfer or can be easily transferred using Touch Tone Teller/CU
Online
Student Loans
Advance Financial has partnered with Nelnet, an education
finance company, to offer you a solution to your education financing
needs. Nelnet offers both Federal Stafford Loans for undergraduate and
graduate students and Federal PLUS Loans for parents of undergraduate
students.
- Subsidized and unsubsidized Federal Stafford Loans
- Deferred loan payments until 6 months after graduation or until
the student drops below half-time on Stafford Loans
- College planning website and call center – 877.804.3603
- Online account access
- Special borrower discounts available
First Mortgages
Advance Financial understands that purchasing a home is one of the
most important decisions that a member can make. We have helped
many members realize their dream of home ownership through our first
mortgage program and helped others to refinance at a cost saving
rate.
- Fixed and variable rate options
- Terms ranging from 10 to 30 years
- Adjustable Rate Mortgages (ARMs), and FHA, VA or conventional
loan types
- Loan repayment can be scheduled for payroll deduction/automatic
transfer or can be easily transferred using Touch Tone Teller/CU
Online
- Payment may also be deducted from you checking account electronically
on either the 5th or 15th of the month with SmartPay.
Please contact an Account Representative to discuss mortgage programs
and application possibilities. Click here
for mortgage preparation tips.
Home Equity Loans
Advance Financial offers several products that allow members to
use the equity in their homes for such purposes as paying for home
improvements, buying a car, debt consolidation or college expenses.
The interest may be tax deductible as well (please consult a tax
advisor).
- No application or appraisal fees
- No closing costs*
- Fixed-rate or “Access2Equity” variable line-of-credit
option
- Loan repayment (fixed-rate only) can be scheduled for payroll
deduction/automatic transfer or can be easily transferred using
Touch Tone Teller/CU Online
- Access card sponsored by VISA and convenience checks available
(upon request) with line-of-credit option
- Extended terms available
- Up to 80% loan-to-value financing
*Other conditions may apply.
VISA Platinum Card
Advance Financial’s Platinum VISA credit card is perfect
for members looking for a low-rate card to use for everyday purchases
like gas and groceries. It offers a competitive rate, no annual
fee and the option to add rewards for a one-time enrollment fee
of $19 – a great deal considering there are more than 1,000
rewards to choose from and redemption levels start at only 1,500
points.
- No annual fee
- 0% introductory rate for the first six months on purchases
and balance transfers
- No fees for balance transfers
- Credit lines up to $30,000
- Rates as low as prime + 3.99%
- Zero liability on unauthorized purchases
- Travel benefits: travel accident insurance and auto
rental collision damage waiver
- Live customer service 24/7 – toll-free 877.881.6018
- Internet
access to VISA account
- Optional
rewards program for one-time enrollment fee of $19
Apply for your Advance Financial Platinum VISA credit card by clicking
here.
Payment Protection
If an unfortunate accident or serious illness prevents you from
working, payment protection insurance can make your loan payments
while you are temporarily disabled.*
- Entire loan balance will be paid in the case of death
- Premiums are determined by the loan's term and amount
- Monthly premium is determined by the outstanding balance of
the loan
*Conditions and guidelines do apply. |
