Wailuku Federal Credit Union offers fixed-rate loans of any term up to 30 years. With fixed-rate loans, your monthly principal and interest payment is the same every month throughout the lifetime of the loan, since the interest rate won’t change.

In general, the shorter the term of the loan, the lower your interest rate will be. A lower rate will result in interest cost savings, although your monthly payment will be higher. For example, a 15-year fixed-rate loan will have a lower interest rate but a higher monthly payment amount than a 30-year fixed-rate loan.

Contact Wailuku Federal Credit Union today and sit down with one of our loan experts to see if a fixed-rate loan is the best option for achieving your goals.