Estimating Payments
Use the chart below to figure out what your payment might be for a Save It! Loan.
Keep in mind that these are just estimates. We'll provide you with the exact amount
before you start a loan with us.
Payment Chart*
|
Loan Amount |
How often are you paid? |
Savings |
|
Weekly |
Every 2 Weeks |
Twice a Month |
Monthly |
|
$300 |
$11 |
$23 |
$25 |
$50 |
$150 |
|
$400 |
$17 |
$34 |
$35 |
$70 |
$200 |
|
$500 |
$22 |
$44 |
$45 |
$90 |
$250 |
Comparison Chart*
Compare the cost of a payday loan of $300 that is rolled over eight times.
|
Payday Lender |
Total Payments |
Total Savings |
|
Lender A |
$825 |
$0 |
|
Lender B |
$700 |
$0 |
|
Lender C |
$690 |
$0 |
|
Save It! Loan |
$504 |
$150 |
* These charts display approximate payment schedules and may vary slightly. Actual payment amounts will be included in the documentation you receive from Appalachian Federal Credit Union.
How much can I borrow?
The amount you can borrow depends on your annual salary. You must make between
$12,000 and $60,000 to qualify for this loan.
|
Yearly Salary |
Maximum Amount |
|
Over $12,000 |
$300 |
|
Over $18,000 |
$350 |
|
Over $24,000 |
$400 |
|
Over $30,000 |
$450 |
|
Over $36,000 |
$500 |