Coast-Tel Has a Loan to Match Your Needs!
Coast-Tel provides loans to meet our members' needs at very competitive rates. Just scroll down below or follow any of these links to learn more about Coast-Tel loan products, our competitive loan rates or our fast and easy approval process. For your added convenience, links to our rates and on-line applications have been included below as well. Thank you for choosing Coast-Tel!
Vehicle Loans
Whether its a car, boat, RV, motorcycle or any other mode of transportation that doesn't submerge or fly, Coast-Tel has a loan to fit your needs at competitive rates and terms. We have loans of up to $50K and terms up to 84 months, up to 100% financing (including tax and license). And, if you own a home we may even be able to help you write off your interest payments with a Coast-Tel courtesy lien, (check with your tax adviser).
Youth Auto Loan Program
If you are under 18 years of age, Coast-Tel has a way to help you get behind the wheel of your first car! We offer a special interest rate discount of up to 1% for first time buyers. Ask our loan officer about this special offer!!!
Coast-Tel VISA Credit Card
 Coast-Tel offers both a standard and a share-secured VISA card with a low rate (currently as low as 9.75% APR) no annual fee and a generous points rewards program that can be used for either merchandise or travel. Most importantly, with a Coast-Tel VISA there are no hidden terms or conditions like there are with many of those "teaser rate" credit card offers. Coast-Tel believes in providing honest and consistent value!
If you are looking to build or rebuild your credit, then a share-secured VISA card may be just the answer you are looking for. Just make a deposit into a regular share, and use that money as security for you Coast-Tel VISA card. There is no need to pay high interest rates while building a good credit history. Talk to a loan officer today for additional information.
Home Mortgage & Home Equity (HELOC) Loans
Coast-Tel offers a variety of real estate loans, including 1st mortgages and home equity loans. All properties must be owner occupied and within California. Our real estate loans go up to 70% of the equity in your home, and no points or up front fees are charged.
FIRST MORTGAGES
- Loan amounts $7500-$500,000
- 5 year call option
- Terms up to 30 years amortization
- $150 application fee
HOME EQUITY LOANS
With a Coast-Tel equity loan, you can consolidate your debts, make home improvements, or use the money to purchase a new car or fund college education, all with the potential tax advantage (consult with a tax adviser) not available through other types of loans.
Second Mortgage
- Loan amounts $7500 - $300,000
- 5 year call option (loan is due and payable in 5 years, or refinanced at the current rate)
- Terms up to 25 years amortization
- $150 application fee
Home Equity Line of Credit (HELOC)
- 10 year draw period with a 15 year pay back period (25 year loan)
- Borrow up to $250,000
- $100 application fee
- $50 annual fee
- Variable rate tied to prime rate with rate determined by FICO score
Mini Mortgage
- Short term loan up to 84 months
- Low fixed rate
- Maximum loan amount $60,000
- No application fee
Terms and conditions of these loans vary widely depending on your need and circumstances, so contact a Coast-tel loan officer today to determine which loan best fits your current need. We're here to work with you!
Courtesy Lien Loans*
A Coast-Tel courtesy lien loan is a special type of real estate loan that lets you use your home as security for a non-real estate purchases. And best of all, with a courtesy lien loan you may be able to lower your interest rate, finance a greater percentage of your purchase and deduct the interest you pay from your taxes.*
*Note: With courtesy lien loans there may be additional application fees involved and you should contact a tax adviser about whether or not interest payments are tax deductible.
Unsecured Personal Loans, Lines of Credit and Overdraft Protection
Coast-Tel has a wide variety of personal loans to meet any lawful purpose (excluding business loans) based only on your good credit.
Minimum loan amount $500 and maximum loan amount $10,000 up to 60 month term.
Share Secured Loans
Secured loans are secured up to 100% of the balance in a Regular Share Account.
Minimum loan request it $500 and maximum is $50,000. Low interest rate loan with terms up to 60 months.
Secured loans are secured by a Term Certificate Account. Rate is 3% over the rate earned on the Term Certificate, minimum APR of 6%. Minimum loan amount $500 and maximum is $50,000, with terms up to 60 months. Dividends continue to accrue on Term Certificate Account. When Term Certificate matures it will roll over to current rate and loan with reflect new rate.
Payroll Advance Loan
Have you ever found yourself out of money before you were out of month, or, faced a large and unanticipated expenses that you needed money for quickly? These are two Coast-Tel programs specifically designed for short-term and temporary cash shortages. Our payroll advance program lets members in good standing of Coast-Tel who are enrolled in a direct deposit program to borrow a percentage of their next paycheck prior to being paid.
Coast-Tel FCU has partnered with Enterprise Car sales to help you find quality, affordable used vehicles. Enterprise Car Sales offers certified used cars nationwide, below Kelly Blue Book® value.
Find your used vehicles online now!
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