Whether you are looking for a new or used auto, CEICU offers financing that will help you get your dream car for less. It’s easy to apply; you can either apply at our office or download an application online and send (mail, fax or email) it to us.
Here is what we will need from you:
• Application completed in full
• Two most recent paystubs
• $5 loan fee per applicant
o If you have sufficient funds in your account, we will deduct loan fee from your account. If your balance is less than $30 (which is the minimum requirement to maintain an open account) you will have to enclose $5 (per applicant) to begin the loan process.
We will attempt to have an answer for you within 48 hours of receipt of the applications in our office.
To download Auto Loan Application, click here.
Personal Loans
A Personal Loan is an unsecured loan that can be used for several different purposes such as home improvements, vacations, auto repairs, buying furniture, debt consolidation, and more. Whatever your unique need is, a Personal Loan from CEICU can help. Applying for a personal loan online is easy; you can either apply at our office or download an application online and send (mail, fax or email) it to us.
• Competitive, fixed interest rate
• Based solely on your credit worthiness and does not require collateral (like a car or home)
• First time borrower’s maximum amount up to $2,500 and up to $5,000 with established CEICU credit.
Here is what we will need from you:
• Application completed in full
• Two most recent paystubs
• $5 loan fee per applicant
o If you have sufficient funds in your account, we will deduct loan fee from your account. If your balance is less than $30 (which is the minimum requirement to maintain an open account) you will have to enclose $5 (per applicant) to begin the loan process.
We will attempt to have an answer for you within 48 hours of receipt of the applications in our office.
To download Personal Loan Application, click here.
Home Equity Loans
Home Equity Loan is a type of loan that lets you borrow money against your primary residence. The residence may be single family or comprised of up to four rental units (i.e. four flat), as long as it is your primary residence. Homeowners often use a home-equity loan for home improvements, debt consolidation, to finance their child’s college education, to pay for a wedding, and more.
Home Equity Loans are based on a maximum of 80% Loan to Value. For example: If your property appraises at $200,000, 80% of that amount is $160,000. If your First Mortgage has an unpaid balance of $120,000, that amount is deducted from $160,000 and you would have a lendable equity of $40,000.
If you presently have a Home Equity Line of credit open, or have another Home Equity Loan, these loans would need to be paid off at closing. The Chicagoland Electrical Industry CU will not take third position on title.
• Competitive, fixed interest rate
• Terms from 60 months to 180 months
• 80% Loan to Value
• Minimum loan amount is $15,000 and maximum $50,000
Here is what we will need from you:
• Application completed in full
• Two most recent paystubs
• $5 loan fee per applicant
o If you have sufficient funds in your account, we will deduct loan fee from your account. If your balance is less than $30 (which is the minimum requirement to maintain an open account) you will have to enclose $5 (per applicant) to begin the loan process.
We will attempt to have an answer for you within 48 hours of receipt of the applications in our office.
To download Home Equity Application page 1, click here.
To download Home Equity Application page 2, click here.
To download Home Equity Application page 3, click here.
Shared Secured Loan
Shared secured loan is a type of loan that allows you to borrow against the funds in your Share Account. Funds on deposit are used as collateral for this loan. The amount pledged in your Share Account is reduced dollar for dollar as the loan balance decreases.
• Low fixed interest rate
• Terms from 12 months to 36 months
• Great way to establish or rebuild your credit
To download Shared Secured Loan Application, click here.
Download Instructions
1. Right click on the application that you wish to download and select "Save target as...” and choose a location on your computer to save the file.
2. Locate the file you just downloaded on your computer. Double-click to open.
3. Fill in all requested information, print, sign, scan and email to info@ceicu.com.
If you have any questions, please call us at 708.352.1414