Use personal loans for almost any purpose: debt consolidation, vacation expenses, home improvement, and more!Apply Now
Based on factors such as your income, current debts and credit history, you could qualify for loans secured only by your signature.
Get the cash you need without depleting your savings. Borrow up to the balance in your Prime Share or Preferred Savings account at a low interest rate tied to your dividend rate and your shares will be used to secure the loan. Choose a repayment term of up to 7 years!
The secret to healthy credit is timely payments. Now you can build your credit and pay yourself in the process. We call it the Credit Builder Loan.
Once your application is approved‚ we’ll deposit up to $5‚000 into your share account and pledge it against the loan. That means every payment you make is really being made to yourself. When you’re done repaying the loan‚ you’ll have up to $5‚000 to spend any way you like. And your credit score will have grown too!
Effective May 1, 2017
|Share Secured||Dividend Rate +2.00%||Up to 7 years||Up to Share Balance***|
|Credit Builder||Dividend Rate +3.00%||Up to 7 years||Up to $5‚000|
|Certificate Secured||Dividend Rate +2.00%||Up to Certificate maturity date||Up to Certificate Balance|
|Line of Credit||8.99%||Revolving†||$500 - $30,000|
|Signature**||6.99%||Up to 60 months||$500 - $30,000|
Overdraft Protection Line of Credit is an open-ended line of credit used in conjunction with a checking account. This protection is activated when you overdraw your account. That means no more bounced checks!
Similar to a Share Secured loan, you can borrow up to the balance in your Fixed Rate Certificate. The term of the loan cannot exceed the maturity date of your Variable Rate Certificate.
1. Complete the online application
2. Send a copy of your Identification (ex: Unexpired Driver’s License, Passport, Resident Alien ID) to email@example.com:
3. Based on your employment status, also send your Income Verification Documents documents:
Stop carrying around cash and upgrade to a Mastercard® Credit Card.
Safe, convenient, customizable
Leave car buying stress in the dust with Lafayette Federal! Learn how to maximize your savings.
Find out how to save time and money
If you're buying a home or just looking to refinance and lower your rate, you’ll enjoy a quick and easy process.
Rates as low as 2.998% APR*