Do I still pay the same amount of interest if I pay my loan off early?
Penny Holt2021-05-02T02:50:44-05:00No, if you pay off your loan early, you will only pay the interest accrued up to that point.
How is my APR calculated?
Penny Holt2021-05-02T02:49:36-05:00We look at both credit score and age of collateral when determining your APR.
How is my loan term calculated?
Penny Holt2021-05-02T02:47:22-05:00Just like your APR, your term is determined by your credit score, age of collateral, and also your preference.
I was denied a loan from another institution should I bother applying here?
Penny Holt2021-05-02T02:45:09-05:00Yes, all lenders have their own underwriting policies and guidelines. Here at Oklahoma Community CU, we are very lucky to be a member-owned credit union that is proud to help a lot of members who might not qualify at other lending institutions. It's what we do!
Do you offer any type of loans to help establish credit?
Penny Holt2021-08-05T11:12:53-05:00We offer “share secured loans” which means you pledge a certain dollar amount of your savings or Certificate of Deposit and get a loan for that amount. The funds can be used for anything you’d like, and you make payments just like you would on a regular loan. What’s more—the rate that you get [...]