Application | Mortgage Loans | Construction Loans | Home Equity Lines of Credit
Loans on Certificates of Deposit (CDs)
|
|
Did you know you have the option of borrowing money against your certificate of deposit at Highland Federal? You can borrow up to 97% of the value of your deposit at a rate of 2% above the rate you earn on the certificate of deposit.
|
|
This lending option allows you to leave your money on deposit avoiding penalties for early withdrawal and continuing to earn interest. You will receive a monthly reminder of interest due on the account. However, if the balance of your loan is less than 97% of the value of the certificate of deposit, no payments are required.
|
|
The process is fast and simple. There are no credit checks or applications to complete. Simply bring your certificate of deposit to Highland Federal and we will complete a short loan agreement, disburse the funds and you will be on your way in a matter of minutes.
|
|
For more details concerning this product, contact any of our deposit staff at Highland Federal. |
|