Share Secured Loan
A Share Secured Loan is an easy and inexpensive way to obtain the financing you need. This type of loan has a low rate because it uses your Share Account as collateral. It is a great alternative for when you find it easier to pay back a loan than it is to pay back yourself or if you need to establish or re-establish credit.
- Use your Share Account as collateral.
- Borrow up to 100% of your Share Account balance.
- Continue to earn interest on your savings while borrowing at a low rate.
- For the duration of the loan, your Share balance must be equal to at least the outstanding loan balance.
- No credit check is required so approval is virtually automatic.
- Current interest rate is 5.65%
- Term is dependent on the amount borrowed.
Club Signature Loan
Members who participate in DOY's Christmas Club or Vacation Club Savings programs may be eligible for a special Club Signature Loan. These loans can be used to budget for the holidays or to finance your dream vacation.
- Interest rates as low as 6.49%
- Loan amounts from $800 to $5,000
- Terms as long as 36 months
- Collateral requirement of 10% of the outstanding loan balance must be on deposit.
- Must participate in the Christmas Club or Vacation Club
Credit Card Signature Loan
This loan will pay off or reduce the amount you owe on existing credit card balances. As you pay down the loan, you can refinance your Credit Card Signature Loan, at your existing rate, to payoff more of your credit card debt. Once you are in the program, as long as your total credit card debt has not increased, your rate stays the same each time you refinance no matter how high rates go.
- Current interest rate 8.49% to 9.49%
- Loan amounts up to $10,000.00.
- Loan terms up to 60 months
- Collateral requirement of 10% of the outstanding loan balance must be on deposit.
- Membership requirement may apply.
Sunshine Signature Loan
The Sunshine Signature Loan rewards Members with an outstanding credit history with the opportunity to obtain an unsecured loan at a great interest rate. This loan features:
- Loan amounts up to $10,000.00
- Loan terms up to 42 months
- Current interest rate of 8.00%
- No collateral requirement