Is EdFed Share Secured Loan the right fit for you?
Last Updated: 04/18/2025
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Highlights
APR (Fixed APR)
Starting at 2.25%(Verified 06/21/2024)
Amount Range
N/A
Loan Term (Months)
N/A
EdFed Share Secured Loan Review
EdFed Share Secured Loan is offered by Educational Federal Credit Union, a credit union founded in 1935 and based in Miami, FL. EdFed Share Secured Loan are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- APRs starting at 2.25%. Personal loan interest rates typically range between 9% and 36%. The starting rates for EdFed Share Secured Loan are on the lower end of the spectrum.
EdFed Share Secured Loan Pros & Cons
| Pros | Cons |
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EdFed Share Secured Loan FAQ
What interest rates and personal loan terms does EdFed Share Secured Loan offer?
EdFed Share Secured Loan has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does EdFed Share Secured Loan offer?
EdFed Share Secured Loan offers a fixed APR personal loan product that starts at 2.25% APR.
| Personal Loan Amount | N/A |
| Loan Term | N/A |
| APR | Starting at 2.25% |
What fees does EdFed Share Secured Loan charge?
Does EdFed Share Secured Loan charge an origination fee?
EdFed Share Secured Loan may charge a personal loan origination fee .
Does EdFed Share Secured Loan charge a late fee?
EdFed Share Secured Loan does not disclose whether it charges late payment fees.
Does EdFed Share Secured Loan charge prepayment fees?
No, EdFed Share Secured Loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | No |
| Prepayment Fee | N/A |
| Late Payment Fee | No |
What do you need to qualify for EdFed Share Secured Loan?
EdFed Share Secured Loan does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher. EdFed Share Secured Loan does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by EdFed Share Secured Loan.
To qualify, applicants may need to provide the following documentation:
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
| Minimum Age | 18 |
| Bank Account Required? | No |
| Application Types Accepted |
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| Credit Score | N/A |
Does EdFed Share Secured Loan report your account activity to credit bureaus?
Yes, EdFed Share Secured Loan reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Educational Federal Credit Union perform a hard credit pull?
Yes, EdFed Share Secured Loan performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are EdFed Share Secured Loan legit?
Educational Federal Credit Union was founded in 1935, it is a well-established company that has been in business for 91 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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Hours of Operation
SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 6:00PMSaturday9:00AM - 1:00PM
Other Services by Educational Federal Credit Union
Other Personal Loans from Educational Federal Credit Union
Rating not yet determined
APR
Starting at 9.39%
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Amount Range
Up to $2,500
Loan Term (Months)
Up to 72
Rating not yet determined
APR
Starting at 9.89%
Disclaimer popup with additional information
Amount Range
N/A
Loan Term (Months)
N/A
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Learn MoreSuperMoney Net Recommendation Score
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