Personal, Auto, and Motorcycle loans
Personal Loans
Planning a vacation? Have unexpected expenses or family events such as an engagement, wedding, or graduation?
Consider a personal loan from Security Federal to help fund your needs!
You’ll receive:
- A set payment for a set amount of time
- A loan amount between $1,000-$10,000
- A loan term of up to 36 months
Automobile & Motorcycle Loans
If you’re thinking about buying a vehicle, consider Security Federal for your next loan. You’ll receive a competitive fixed-rate term that can be paid back in up to 84-month installments for newer vehicles.
Benefits include flexible payment options, including auto-debit from your bank account, a quick and easy application and approval process, and, when the loan closes, a convenient online account management feature
We can finance:
- Up to 100% of the purchase price
- New or used vehicles
- Dealer or private party purchases
Ready to get started?
Apply online
Contact a lender
Information to bring to your loan application meeting:
- Valid identification
- Most recent 30 days' pay stubs
All Vehicle & Recreational Loan Details: Interest rates are based on the vehicle year and miles, amount you finance, the term (length) of your contract and our evaluation of your credit history. All loans and rates are determined and subject to credit approval. Borrower is responsible for any taxes, licensing fees and a $70.00 origination fee. If payments are 10 days past due a late fee will be assessed for $25.00.
*The information provided assumes the purpose of the loan is to purchase a vehicle, with a loan amount of $35,120 and an estimated value of $35,120. The assumed credit score is 740. The loan Term would be 84 months.
At a 6.625% interest rate, the APR for this loan type is 6.729% for 84 payments. The monthly payment schedule would be:
· 84 payments of $529.50 at an interest rate of 6.625%.
· Final payment will be 86 months from the loan origination date.
· Your interest rate cannot increase more than 6.625% above the initial interest rate over the term of the loan.
· No down payment required.
· To qualify for 90 days no payments you must set up an automatic ACH payment. Additional restrictions may apply. Security Federal Savings Bank reserves the right to discontinue the offer at any time.