First Time Borrower Program

For first-time borrowers to establish credit or for those that need to improve their credit rating, we offer a variety of secured loan programs that can help you establish your credit, without paying a sky-high interest rate.

With a secured loan, we use the funds in your savings or certificate of deposit accounts here at FAIRWINDS as collateral for a variety of loans or credit cards. Although these funds are not available to withdraw while securing the loan, as you pay off the principle balance of your loan we release the funds that were held.

The very best feature is that the funds in your savings continue to earn interest at the current saving rate while you pay a very reasonable loan rate.

Contact our Loan Department at (407) 277-5045 or toll-free at (800) 443-6887 for details.

Loan Rates
Loan Type	Annual Percentage Rates	Daily Periodic Rates
Shares Secured **	Varies	Varies

APR = Annual Percentage Rate
* Approximate Term. Your actual rate will be based on your credit quality and actual term. The lowest rate shown above includes a discount for members with a Preferred Checking account.
**No discounts are available on these loans. This variable rate language applies to Deposit Secured Loans (Share, Money Market and Certificate Secured sub-accounts). The ANNUAL PERCENTAGE RATE (APR) for variable rate deposit secured loans will be equal to a margin of 3% plus the current dividend rate. The APR will change, at anytime, when the dividend rate changes.
*** The maximum allowable rate is 18%. Variable Rate: 1% - 3% above 26-week T-Bill rate.

These current loan rates, effective 01/15/2010 are an addendum to your Loan liner agreement. The payment amount and due date of payments will be determined at the time of each advance and disclosed in the funds advance voucher.