Loans
The Lāna’i Federal Credit Union offers our members personal consumer loans, as well as new and used auto loans.
Personal Unsecured Loans
A personal loan from the Lāna’i Federal Credit Union can help with your loan needs, whatever they may be. You can use a personal loan to consolidate debt, finance home improvements, fund a vacation or help with holiday expenses. In unexpected events or medical emergencies, these loans can help alleviate the burden. Our loans come with low interest rates, fast processing times, and convenient repayment terms, along with efficient and friendly service.
The maximum amount you can finance for a personal loan will be determined by the credit union from the information that is submitted on your application.
The maximum loan term on Personal Unsecured Loans 60 months (5 years).
Share Secured Loans
A share secured loan uses the funds you currently have on deposit at the credit union as the collateral for your loan. You can borrow up to the amount you have on deposit. We will restrict your deposits up to the amount of your loan. We only restrict up to your loan balance, so as your loan balance becomes smaller, we restrict less of your money. Restricted money cannot be withdrawn or transferred to another type of account.
This type of loan is the easiest to get since there is no credit check required. You only need to have money deposited at the credit union. This type of loan can be used to get someone started with a credit record since it is automatically approved.
Share secured loans may be financed up to 120 months (10 years). You may select your own payment plan, as long as the loan is completed within 120 months.
New & Used Auto Loans
The Lāna’i Federal Credit Union offers competitive rates on new and used auto loans to get you in the vehicle you desire, with repayment plans as long as 72 months (6 years).
A new vehicle can be financed up to 100% of your vehicle purchase (MSRP plus tax, license and documentation fees).
A used vehicle can be financed up to 100% of the Kelley Blue Book Lending Value.
Shopping for a vehicle? Check out our new car buying service, where you can browse for your new vehicle right from the comfort of your own home!
Ready to Apply?
You may download our credit union loan application below. Complete and sign the application and submit it to us along with your two most current pay stubs (proof of income). You may submit it by bringing it to our office at 816 Ilima Avenue, Lanai City, HI 96763, email at memberservices@lanaifcu.com , or fax at (808) 568-2594.