In an effort to assist our members who may be in need of funds due to COVID-19, Launch is offering the Relief Loan for members who qualify.
Here are the details for those who wish to apply for the loan:
- Interest rate of 3.99%
- Maximum term 36 months
- Loan amount $500 to $5,000
- Loan special will be from March 18th, 2020 to April 30th, 2020
- Relief Loan cannot be used to refinance or consolidate existing loans
- Launch FCU membership is required. Must have been a member as of March 16th, 2020
- No existing delinquent loans with Launch FCU
- One Relief Loan per household
- Deadline to apply for the special Relief Loan is April 30, 2020
*APR = Annual Percentage Rate. Loans subject to credit approval. Payment and term affected by amount financed. Minimum loan amount $500; maximum amount $5,000. (Payment example: monthly payments on a loan with a term of 12 months at 3.99% APR would be approximately $85.15 per $1,000 borrowed.) New money only; no internal refinances. Savings account required for loan; must be opened on or prior to March 16, 2020. Cannot be combined with any other offer; offer may end at any time and without notice.