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Personal loans for federal government employees come in many flavors. Regardless of which account type, you are evaluating, one key factor stands out in your favor.
Unlike brick-and-mortar loans, online installment loans let you to shop, compare and apply from the privacy and comfort of your home. Competitive rates Because there are so many lenders, interest rates are competitive and can be easily compared when shopping for an installment loan online.
Installment loans up to $20,000 starting at 6% APR for Federal Government Employees. Repayments through payroll allotments.
For example, in Florida a $2,000 loan with a one-time fee of $25 will be repaid through 25 bi-weekly allotment installment payments in one year, will have an APR of 32.29% and a bi-weekly allotment installment payment of approximately $95 with a total payback amount of approximately $2,375 (assumes a 03/05/2018 loan execution date).
For everyone, who is looking for a personal loan for government employees, federal credit unions created multiple beneficial options. Everyone, who is a member of the military, a US Government employee, an employee at an “eligible place of business” or an American Red Cross employee/volunteer, can join the union.