Salem VA Credit Union will make the interest disappear for members who make on-time payments up to 2%. Visit us at any of our three locations or click here to make your interest... disappear!
APR= Annual Percentage Rate. Disappearing Interest offer is valid February 1, 2015 through May 31, 2015. Salem VA Credit Union membership eligibility required. Loan approval based on credit worthiness. This offer may not be combined with any other offers or promotions. Indirect, HELOC, Home Mortgage and Cashline loans do not qualify for this promotion. Members must qualify to add minimum of $5,000 to existing Salem VA Credit Union loans for promotional rate. The 2% APR will be reduced over a 4 year period at 1/2% APR beginning on the 1st annual anniversary date of the loan and each year thereafter. The interest rate may not be discounted below 2.50%. If the loan becomes 30 or more days delinquent at any time, no future reductions will be applied.