Use our Loan Savings calculator to see how much you can save with our super low rates on loans and credit cards.
So many ways to save (in so little time).
With Northern Credit Union’s low rates on loans, mortgages, and credit cards, you’re sure to save money month after month.
How much can you save? Our Loan Saver calculator makes it simple to find out.
Just complete the form below—it’ll take about five minutes—and we’ll get back to you via your choice of phone or email to discuss the best way to maximize your savings.
Any information you submit will remain confidential and will be used for the purpose of communicating loan options.
At some point in our lives, most of us will need to take out a loan for a big purchase. Whether it’s for buying a home, a new car, starting a new business, or paying for school, you’ll need to know how much debt you can take on before taking out a loan. By using a loan savings calculator, you can easily compare interest rates and payments on current and potential loans to make sure you’re receiving the best rate possible.
Although many factors play into how much your loan will cost, including current market conditions, federally imposed interest rates, and more, there’s no denying that the two most important factors will be whether it’s a secured or unsecured loan and your current credit score. We recommend using a loan savings calculator to ensure you are getting the best rate for your loan.
What’s a Secured Loan vs an Unsecured Loan?
As the name implies, a “secured” loan is backed up by some type of collateral you, as the borrower, put up as “security” in the event you can’t pay back the loan. For example, a loan for a car is secured because the lender has a legal right to seize the vehicle if you default on the loan.
On the other hand, an “unsecured” loan doesn’t require any collateral, making it riskier for the lender. Most personal loans and student loans are unsecured because there’s nothing for the lender to take if you default. This typically means unsecured loans will have a higher interest rate. Using a loan savings calculator will help ensure you find the best rates for you.
Using a Loan Savings Calculator in NY
Lenders use your credit score to assess your trustworthiness and riskiness when deciding to give you a loan. If you have a high score with established credit history, you’ll get better rates. Conversely, if you have no credit history or poor credit, you will pay higher interest rates or be denied the loan altogether. However, even with a good score, it’s on you to ensure you’re being treated fairly and getting the best deal possible. That’s where using a loan savings calculator in NY makes all the difference.
So many ways to save (in so little time).
With Northern Credit Union’s low rates on loans, mortgages, and credit cards, you’re sure to save money month after month. How much can you save? Our Loan Savings calculator makes it simple to find out. To learn more about how you can save money on your next loan, give Northern Credit Union a call today at 315-782-0155.