One of the benefits of banking with a credit union is knowing that we exist to serve the membership. It is with that spirit that we offer the Holiday Loan each year, from October 15 through December 31.
With this limited-time loan, you can borrow up to $2,000 at a special low rate – as low as 5.75% APR.* If you borrow up to the maximum amount, you’ll have monthly payments of $171.89 over your repayment term.
If you find yourself needing a little extra help this year, you don’t have to go it alone. Bowater Employees CU is here for you, all year round. With our Holiday Loans, however, we hope we can bring you and your family a little extra Christmas cheer!
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Competitive Rates
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Available through December 31st
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12 Month Terms
Let’s Get Started!
★★★★★
“Always friendly and quick service. Very helpful with loans”
– Will G.
Frequently Asked Holiday Loan Questions
What credit score is needed for a holiday loan?
Approval is not based on credit score. We will consider your credit history, look at your income, and the amount of money you want to borrow.
Your score is ultimately what determines the rate you will pay once you’re approved.
Do I have to be a member to apply for a Holiday Loan from Bowater Employees CU?
If you are not already a member, you are required to join as a part of completing your loan. For additional information on membership eligibility and joining, please visit this page.
All of our loans, products, and services require a credit union membership.
What factors will help me get the lowest possible interest rates when borrowing money?
At Bowater Employees Credit Union, as elsewhere, no matter which loan you’re applying for, a higher credit score typically translates into a better rate.
As a member-owned nonprofit, our competitive rates are our gift to our members!
How can I make payments on my Holiday Loan?
With Bowater Employees CU, making payments on your Holiday Loan is a cinch.
We offer online and mobile banking, which allows you to apply, make payments, and check your remaining balance. It’s the ultimate convenience that gives you control of your finances, no matter where you happen to be!
Ready to get started? Apply online today!
Your Local Lender is Here to Help This Holiday Season
Not sure about whether a Holiday Loan is right for you, or just want to discuss your options? You came to the right place.
Our qualified loan officers can help you navigate the many choices and options available to you! Personalized customer service is one of the many benefits of borrowing from a local lender.
Reach out to us today to schedule an appointment at any of our five branch locations. Let’s make your holidays merrier.
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Payments $85.73 per $1,000 borrowed at lowest available rate.