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Loan Questions & Answers


General Questions

  1. I am a UNFCU joint savings account holder. Can I apply for a UNFCU loan?

  2. What is the age requirement to apply for a UNFCU loan?

  3. How often can I apply for a UNFCU loan?

  4. What documents do I need to submit to apply for a UNFCU loan?

  5. What are some factors UNFCU considers when determining eligibility for a loan?

  6. What income can I use to qualify for a UNFCU loan?

  7. How can I apply for a UNFCU loan?

  8. Once my loan application has been approved, how will I receive my loan proceeds?


Product Questions

  1. How do I choose the loan that’s right for me?

  2. I am planning to purchase a property in the United States. What loan is best for this purpose?

  3. What is a savings secured or a share certificate secured loan? Is it right for me?

  4. What is a simple-interest loan?

  5. What is credit disability insurance? How much does it cost?

  6. How do I enroll in or cancel my credit disability insurance?

  7. Who is eligible for credit life loan protection?


Pricing Questions

  1. In what currency does UNFCU lend?

  2. What is the difference between a variable rate and a fixed rate?

  3. Which rate - variable or fixed - is right for me?

  4. If a rate changes on my variable-rate loan, will it affect my payments?

Payment Questions

  1. How can I make my loan payments?

  2. My interest rate is higher than when I obtained the loan. Why?

  3. Why did I pay more interest on my UNFCU loan this month than last month?

  4. I made a loan payment last week and another one today. Why was a portion of my payment applied to interest?

  5. I have Automatic Payment from my UNFCU Savings Account, but I do not have enough funds in the account to make a loan payment. What should I do?

  6. I cannot afford to make my loan payment this month. What can I do?

  7. How can I change my loan payment?

  8. Can I change the interest rate of my loan?

 


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This credit union is federally insured by the National Credit Union Administration (NCUA). Accounts and shares are insured by the Administration to the maximum insurance amount for each member or shareholder. Unless otherwise noted, fees may be associated with certain products and services. Certain UNFCU products and services are subject to approval. Federal and state laws may limit the availability of certain products and services in select areas. Granting credit facilities is prohibited in certain jurisdictions if it leads to the consumer becoming over indebted. © UNFCU and "Serving the People Who Serve the World" are registered marks of United Nations Federal Credit Union. All rights reserved. Privacy Policy

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