FedAssist Furlough Loan
Our 90 years of experience supporting Federal Employees means we are ready to step in when you need it most.
In the event of a Federal government furlough, if you are a Federal civilian employee or a Federal contractor and will not be receiving your paycheck as a result, you may be qualified to obtain a FedChoice Furlough Loan.
FedAssist Furlough Loan+
Our 90 years of experience supporting Federal Employees means we are ready to step in when you need it most.
| You may receive the equivalent of one month's net pay as the maximum loan amount plus 60 days until first payment in 6, 12, 24 or 36 month repayment terms. | |
| Term* | As Low As Rate^ |
|---|---|
| 6 Months | 3.25% APR |
| 12 Months | 4.25% APR |
| 24 Months | 5.25% APR |
| 36 Months | 6.25% APR |
In order to be eligible for this loan, the following criteria must be met:
- You are an employee or Federal contractor for the Federal Government who did not receive a paycheck as a result of the Federal Government shutdown. Most recent pay stub is required to prove employment.
- Copy of Furlough notice is required.
+Proof of Furlough will need to be provided to qualify for the reduced rates. No further discounts may be applied to the Furlough Loan.
* Deviation from offered terms may result in a delay in processing your loan application.
^All credit is subject to credit approval. FedChoice underwriting requirements apply. APR = Annual Percentage Rate. APR is based on evaluation of applicant’s credit at time of application. Your actual APR may vary.