*APR: Annual Percentage Rate. 0.0% for the first 60 days with no payments required. If the loan is not repaid within 60 days, the borrower would be responsible for making installment payments subject to an Annual Percentage Rate of 8.49%. The maximum repayment term will be 12 months (beginning after the initial 60-day interest free period). No application fees associated with this LifeLine Loan. Eligibility is based on the member being negatively financially impacted by the COVID-19 state of emergency.
Must be a member of Hanscom Federal Credit Union or eligible for membership. He or she will need to open a membership with a savings and checking account first. Applicant must have an active Hanscom Federal Credit Union share savings account in which loan proceeds will be deposited into. Applicant must be an existing member in good standing. As always, there is a minimum $25 required to open a membership. Hanscom Federal Credit Union membership required. Terms and conditions are subject to change without notice.
Penalties will be waived for members making withdrawals from certificates during the state of emergency.