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Share Loan

Looking to get a loan without all the hassle and paperwork?

ACBLA’s Share Loan

If you have a Passbook Savings Account or a Certificate of Deposit with us you qualify for a Share Loan. You have the opportunity to get a quick and easy loan up to 90% of the current balance in your savings account with an interest rate of 2% more than what your account is earning. You also get to choose your payment amount and the term of the loan. 

Example

If you have a savings account of $20,000.00 earning 0.25% you would be able to borrow $18,000.00 with the rate of 2.25%. With no early repayment fee you can pay it off as soon as you would like, or make the minimum payments for the original term of the loan.

 

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