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Loan Products
     
 

Credit Unions are known for their low-cost loans and Long Island Community Federal Credit Union has some of the lowest rates available to our members. We can finance just about anything from debt consolidation to a new vehicle. Loans usually approved within 24 hours or less. Same day approval on most auto loan requests.

Life Insurance and Disability Insurance available on all credit union loans.

Need a new car? Vacation? How about a new kitchen or Florida room? Student loan?
We can help you meet your financial needs while providing added savings with our low loan rates!

Our friendly and knowledgeable Loan Specialist is ready to help! Committed to quality service, our staff wants to make your experience with us memorable! Think of us anytime you need to borrow!

HOME EQUITY & HOME SECURED LOANS

Your Home. A Great Place to Live? A Great Place to Borrow. More than just a great place to live, your home can be a great source of cash -- cash that can be used for college tuition, debt consolidation, home renovations, or even a new car.

To help make your home work for you, Long Island Community Federal Credit Union offers the following options:

Home Equity Loans
If you've been looking for some extra cash to help pay for those; long needed renovations, that special vacation, or even those sky high education expenses for your children, look no further.

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Home Equity Loans (Variable Rate)
Establish a Home Equity Loan, up to 70% of your home's equity. And best of all, the interest you pay may be tax-deductible. (Consult your tax advisor.)

An LI Community Variable HE Loan Offers You:

  • Rates as low as 4.75%* up to 80% of appraised value less your first mortgage.
  • Finance between $20,000 - $75,000.00
  • Terms up to 15 years.
  • Now Available: Credit Union will pay the closing costs, contact the CU for more information.
  • We offer competitive rates & terms with a fast processing time.

*Rates shown are the lowest rates offered for the products advertised. All extensions of credit are subject to credit approval. Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or with different terms.

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Home Equity Loans (Fixed Rate)
LI Community can help you take the uncertainty out of borrowing with our Fixed Rate Home Equity Loan. As the name implies, our Fixed Rate Home Equity Loan features a low single annual percentage rate over the life of your loan, so you won't have to worry about the possibility of future rate increases.

Our Fixed Rate Home Equity Loan is also a great way to pay for that new or used automobile you've been looking for. With typical automobile loan rates as high as 11%, our Fixed Rate Home Equity Loan will let you drive in style while saving you money.

LI Community's Fixed Rate Home Equity Loan Offers You:

  • Fixed Rates as low as 4.75% APR
  • No Fees, Credit Union will pay the closing costs, contact the CU for more information.
  • Up to 80% Financing Available if you Qualify (Different Rates & Terms Apply)
  • Up to 15 Year Terms Available
  • Finance between $20,000 - $75,000, whatever amount suits your needs best Quick & Easy Processing

*Rates shown are the lowest rates offered for the product advertised. Your rates may vary depending upon the terms and conditions of your approval. Applicants who are not approved at these rates or terms may be offered credit at higher rates and/or different terms. ** Member is responsible to pay for New York State Mortgage Tax from loan proceeds.

For More information on how a Fixed Rate Home Equity Loan can help you to unlock the value in your home, Please contact a representative at: 631-476-6581.

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*Disclosure Notice: All rates quoted include a 1% discount for auto transfer from accounts funded by direct deposit, payroll deduction, or ACH. Loans without auto transfer will have their rates increase by 1%. All extensions of credit are subject to credit approval. (Rates shown are the lowest rates offered for the products advertised. Applicants, who are not approved at these rates or terms, may be offered credit at a higher rate and / or with different terms. All terms are subject to change without notice. For all variable rate loans, the APR may be increased after consummation.)

 

 
 
 
 
     
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