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Quick Loan Comparison Chart

Loan TypeTermRateLoan Amount
Term Loan5-15 YearsAs low as 7.99% APR*Up to $50,000
Mastercard® Credit CardRevolvingAs low as 9.65% APR*Up to $50,000
Line of CreditRevolvingAs low as 9.99% APR*Up to $30,000

Term Loan

For some of your customers, a Lafayette Federal Term Loan will be a favorable financing option. This type of loan is perfect for those customers that are seeking a fixed-rate with even monthly payments to finance their home improvement project. Rates are as low as 7.99% APR*. Terms are available from 5 to 15 years with loan amounts up to $50,000.

Take advantage of our deferred interest and deferred payment options. Options also available for No Payments/No Interest for up to 18 months and Same as Cash for up to 12 months!

Mastercard® Credit Card

A Lafayette Federal Mastercard credit card is a great option for customers who want some flexibility in their spending. With rates as low as 9.65% APR*, and generous credit lines, your customer will have a revolving credit line that can mean projects for you now and later.**

We also offer deferred interest and deferred payment options.

Your customer will also enjoy the following benefits when they become a cardholder:

  • Credit limits up to $50,000
  • Apple Pay™, Android Pay™, Samsung Pay™ and EMV technology
  • Flexible payment options‚ including automatic payment
  • A 25-day grace period on purchases
  • Online account access
  • Design your own card
  • CUReward points (redeemable for merchandise)

View the Full Mastercard Terms & Rates

Line of Credit

With a Lafayette Federal Line of Credit, your customers will enjoy a revolving credit line of up to $30,000 with a fixed rate as low as 9.99% APR.*  And because the line is unsecured, no collateral is needed. Your customer enjoys continual access to their line that can be used for funding current and future projects. Accessing your line of credit is easy as it is tied directly to your LFCU checking account.

We also offer deferred interest and interest only options!

*APR=Annual Percentage Rate. Rates and terms subject to change without notice. Stated APR is the lowest rate available for qualified members. Standard underwriting guidelines will apply. Actual rate may be higher based on income and credit worthiness. **Variable Rate Information: Your APR may vary. Your rate is determined by adding a Margin (initially determined based on an evaluation of each member’s credit score, economic conditions and other risk factors) to the highest Prime Rate published in the Wall Street Journal on the first business day of the current month, and the rate will then adjust monthly (on the first day of your billing cycle), according to monthly increases or decreases in the Wall Street Journal Prime Rate. The APR will not be more than 18.00%, regardless of the Wall Street Journal Prime Rate. The margin applicable to your account is subject to review every 6 months. After a period of 12 months from card issuance, we may increase or decrease the margin applicable to your account based upon changes in your credit history. We will notify you in accordance with applicable law before we apply any margin increase to your account. The margins will range from 4.90%-13.90% as described in paragraph 5 of your Lafayette Federal Credit Union Platinum Mastercard Credit Card Terms and Conditions.
 
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