DCU Access Loans
Access Loans are for any product, device, or building modification designed to assist someone with a disability. The borrower need not be the beneficiary of the purchase. Qualified purchases include, but are not limited to:
- Powered-non-vehicle transportation such as scooters, power wheelchairs, stair-climbing power chairs, all-terrain wheelchairs.
- Manual transportation such as standard manual wheelchairs, custom sport wheelchairs, and specialized hand cycles.
- Adaptive computer and communications equipment such as air tube systems for spinal cord injuries, voice systems for the blind, educational and rehabilitation systems for children and adults.
- Durable medical equipment such as slings for lifting paraplegics and quadriplegics, breathing systems, specialized beds.
- Rehabilitative equipment such as motorized equipment that exercises muscles and limbs.
- Accessible building modifications such as bathroom accessibility, kitchen modifications, widening doorways for wheelchairs, lowering countertops, changing cabinets, modifying sinks and faucets, installing ramps, elevators, stair climbing devices, installing ceiling lifts.
Qualified members may obtain Access Loans, for 100% of the purchase amount, from $1,500 to $25,000 and with terms up to 72 months. (Higher amounts may be considered. Normal underwriting guidelines apply.*)
*Credit history, income, and term are considered in loan approval and rate decisions.
Repaying is easy. You can set up your loan for weekly or monthly payments. Each payment will be the same amount. That amount, and how your previous payments were applied to principal and interest, are shown on your regular DCU monthly statement.
You can repay electronically and qualify for our best rates any of three ways. (1) You can repay online with PC Branch with a simple transfer from any of your DCU savings accounts. When you set up Automatic Transfers with PC Branch, it's even more convenient. (2) You can also make loan payment transfers by phone with Easy Touch. (3) Finally, you can have us automatically make the payments by automatic transfer for you. All you need to do is fill out and send us your authorization form. You can even make Loan Principal-Only Payments on Easy Touch or with PC Branch.
If you direct deposit your net pay, Social Security, or pension into your DCU Checking Account and make electronic payments for the full term of your loan, your interest rate will be 1/2% below that for other payment methods. See below for more on qualifying repayment methods.
Rates are also based on your personal credit history. See our rates page for current interest rates. Use our Loan Calculators to help you determine the loan financing and payment options that are best for you.
In addition, you can repay at a DCU ATM, at any DCU branch, or by mail with a loan payment coupon. These methods do not qualify for Direct Deposit/Electronic Payment rates.
There are many convenient ways to apply for a DCU Access Loan...
- Apply on line 24 hours a day. Most members get an answer while still online.
- Apply by Phone 24 hours a day through our Loan Call Center with a DCU Representative. Just call 800/328-8797 and select 3.
- Apply In Person – Visit any DCU Branch to apply.
- Apply by Fax – You can also print out a Consumer Loan Application and fax it to the Consumer Loan Department at 508/263-6392. Be sure to indicate on the application you are applying for an Access Loan.
If you have any questions, please speak with a Customer Service Representative at your nearest DCU branch or call our Information Center at 508/263-6700 or 800/328-8797, weekdays from 8:00 a.m. to 8:00 p.m., and Saturdays 9:00 a.m. to 3:00 p.m., Eastern time.
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Digital Federal Credit Union
220 Donald Lynch Boulevard PO Box 9130 Marlborough, MA 01752-9130 508.263.6700 • 800.328.8797 |
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© 2010. Digital Federal Credit Union