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Shut Down (Now Over): Andrews Fed CU Offering 0% Loans Up To $5,000 For Shutdown

me1004
  |     |   1,381 posts since 2010

In the face of the federal shutdown -- which Congress is now lifting as I write -- Andrews Federal Credit Union just sent an e-mail offering "furlough relief loans" of up to $5,000 and at 0% interest -- a free loan -- for as long as 24 months, and no payments due in the first 90 days.

I see nothing int he formation saying that you actually have to show you have been furloughed.

Now that the shutdown is ending for the time being, I don't know that this is going to last long. But if you want to grab it this moment, it might still be available. It is still posted on their Website as I write:

https://andrewsfcu.org/furlough-relief-loan.html

To help alleviate some of the associated stress, we are offering a Furlough Relief Loan to help bridge the gap:

Borrow up to $5,000

No payments for 90 days

0% APR* for the first 90 days. 6.00% APR* applies for the remainder of the term.

Flexible terms up to 24 months

How to Apply

After clicking "Apply Today", choose "Personal Signature" as your loan type.

Select your "Requested Amount", not to exceed $5,000

Select your "Term", not to exceed 24 months.

Choose "Other" as your "Purpose of Loan".

And enter "Furlough Relief Loan" as your "Reason for Other".

Apply today button

Additional Options

Deferred payments on current loans

Personal Loan

Secured Loan

Home Equity Loan

Free Financial Counseling

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me1004
  |     |   1,381 posts since 2010
Ken, I still don't get any tool showing when I post -- and so in the above, cannot hyperlink the URL, nor indent the quote below it as a block quote. Normally, I can do that if I subsequently use the Edit button, then the tools show, but even that is not working today.

I use Firefox 57.0.4 on macOS 10.12.6 Sierra.
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