Shopping for something to spruce up your home or make your free time more enjoyable? We can help you with a fixed rate secured loan. Items we finance include:
- New Furniture & Appliances
- Lawn & Garden Equipment
- ATVs & Cycles
- Boats and Motors
- Trailers
- Recreational Vehicles
Other Collateral Loan Details:
- Amount available for financing based on value
- Rates as low as 8% Annual Percentage Rate
- Up to 84-month term
- Member may defer up to 2 payments at time loan is opened
Add on to your loan:
During the term of a loan, additional amounts may be borrowed and added to the outstanding balance. Providing, the loan balance is $200 below the maximum loan limit allowed for that category and the loan balance does not exceed the value of the collateral. However, if the current rate is less than the original loan rate, then the loan will remain at its original rate. Not all types of other collateral qualify for add-ons. Contact Energize at 405-478-0046 or admin@energize.coop for more details.
If you are interested in learning more speak with your local credit union director or contact Energize directly at 405-478-0046 or admin@energize.coop.
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NOTE: We require full-coverage insurance on all collateral loans of $2,000 or more. To verify coverage, please provide a declaration page showing Energize Credit Union as the lienholder. Insurance ID cards are not accepted as proof of coverage.
As part of our insurance compliance process, you may receive a mailed notice requesting updated proof of insurance. These notices are legitimate and sent on behalf of Energize Credit Union through our third-party insurance compliance service.
If you receive such a notice, use the QR code included in the letter to upload your documents; or email the required documentation to us, and we can submit it for you. Failure to provide acceptable proof of coverage with Energize Credit Union listed as the lienholder may result in force-placed insurance on your loan. This may increase your monthly loan payment and total loan amount.