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When summer arrives and your mind starts traveling where you wish your body could go, this loan may be just the remedy you need. Borrow up to $1,500 for up to 12 months at the low fixed rate of 9.9% APR* to help you live your vacation dream. This loan is targeted at summertime, and is available June 21 – September 22.


Eligibility
Available to all members subject to credit worthiness and income verification.

Summary

The value of a vacation is immeasurable and this loan is designed to keep money from being an obstacle.

  • Borrow up to $1,500
  • Fixed rate of 9.9% APR*
  • With 12 months to repay, your loan will be paid off by the time vacation season rolls around the following year
  • No prepayment penalty
  • Convenient weekly/monthly automatic payments
  • Take this loan June 21 – September 22
  • Subject to acceptable credit worthiness

*Annual Percentage Rate

Questions and Answers
Q: Why bother to take a loan for a vacation?  I usually just put it on my credit card. 

A: This loan is designed to be lower cost than even the low rates on your Northrop Grumman Federal Credit Union MasterCard. And the closed term of 12 months will help keep your interest cost even lower.

Taking a loan is easy. Simply call us anytime at 800-633-2848 to complete your loan application over the phone. During the business week, you’ll usually have an answer the same day and the money just a few days later. You can add more convenience by setting up automatic payments, weekly or monthly, from your Regular Share or Share Draft account.



Q: Do I need to visit a branch?

A: If you choose, the entire loan application can be handled by phone and fax. Then you can instruct that the loan money be deposited into your Regular Share or Share Draft account for you to use. Of course, we’re also glad to see you at a branch where you can pick up a paper loan application to complete.

Q: What paperwork is needed for this loan?

A: You will need to provide a copy of your latest paycheck stub or other documentation of income. That’s all. This is an easy way to take the vacation you really want.



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