Musical Instruments Loans - Actors FCU

Musical Instruments Loans

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Musical Instruments Loans

Play On and On!

Minimum loan amount: $10,001
Maximum loan amount: $49,999

Terms

  • Minimum loan amount: $10,001
  • Maximum loan amount: $49,999
  • Must be for actual instruments; equipment, amps, etc. are not eligible for this type of loan
  • Financing of up to 75% of the appraised value or sales price of the instrument, whichever is lower
  • For instrument loans of less than $10,000 or for equipment financing, members may apply for a Personal Loan
  • 10% of loan value required in Savings Account
  • Rates posted are as low as and are based on a member's credit worthiness
  • Rates and terms subject to change without notice
  • ActorsFCU Savings Account required; must be opened before application can be processed
For additional requirements, call Loan Department: 212.869.8926, Option 4

Have loan payments automatically deducted from your Power Checking Account and save on interest charges. Your interest will be lowered by 0.25% from our basic rate (Mortgages, Home Equity Loans, Balance Transfer Loans, and credit cards excluded). 

Loan Amount Max. Term Rate (APR)
10,001-49,999

7 years

4.50%

 

 

 

 

 

 

 

 

 

 

APR = Annual Percentage Rate

Rates and terms subject to change without notice. As of 07/22/2017