Lending

At Arundel Federal Savings Bank, we offer a variety of unsecured and secured personal loans and lines of credit to assist you in meeting your financial goals.

Lending money to our Maryland neighbors to accomplish their dreams and goals is a big part of what we do. Whether an Automobile, Boat or Personal Loan or Overdraft Line of Credit, our friendly, knowledgeable Branch staff can help you find the right loan with competitive rates, convenient payment options and various terms to choose from.

Contact a Branch Manager or visit one of our local Maryland branches located in Annapolis, Brooklyn, Glen Burnie, Pasadena, and Severna Park to get started on your loan today.

New Automobiles and Trucks

Obtain the financing you need to purchase a new car, truck or SUV.

Repayment terms up to 6 (six) years
$500 minimum down payment required
Maximum loan amount $50,000 - minimum loan amount $5,000
Fixed interest rates
Vehicle must be registered and operated in the State of Maryland
Rate discount available via automatic debit.

Used Automobiles and Trucks

Loans are available for the purchase of a previously owned car, truck or SUV.

Repayment terms up to 6 (six) years
Maximum loan amount $50,000 - minimum $5,000
Age of vehicle plus loan term cannot exceed 8 (eight) years
Fixed interest rates
Vehicle must be registered and operated in the State of Maryland
Rate discount available via automatic debit.

New and Used Boats

Flexible loan options are available to finance new or used boats.

Repayment terms up to 10 years
Maximum loan amount $40,000 - minimum loan amount $3,000
Minimum down payment of 35% (new boat) or 40% (used boat) is required based on the lesser of the book value or purchase price
Vessel must be less than 11 years old
Fixed interest rates
Marine survey required
Vessel must be registered and operated in the State of Maryland

Effective Date: Thursday, November 21, 2024

New And Used Boats (Rate Table)
Term (Months)	APR	Monthly Payment per $1,000 Borrowed	Actions
60	7.750%	$20.16	Visit A Branch
120	8.250%	$12.27	Visit A Branch

Maximum loan amount $40,000 - minimum $3,000. Minimum down payment of 35% (new boat) or 40% (used boat) is required based on the lesser of book value or purchase price. Vessel must be registered and operated within the State of Maryland. Security Interest Filing with DNR and full insurance coverage with Arundel Federal as the loss payee are required. APR = Annual Percentage Rate.

Personal Loans

Cover a variety of costs with an unsecured personal loan.

Unsecured
Repayment terms up to 3 years
Borrow from $500 to $5,000

Effective Date: Thursday, November 21, 2024

Personal Loan (Rate Table)
Maximum Term (Months)	APR	Monthly Payment per $1,000 Borrowed	Actions
36	12.00%	$33.21	Visit A Branch

Minimum loan amount $500 - Maximum $5,000. Maximum loan term is 3 years. Loans of $3,500 or less are subject to shorter terms. Call 410-768-7800 for details. Monthly payment per $1000 borrowed at 12% for 36 months is $33.21.
APR = Annual Percentage Rate.

SUBJECT TO CREDIT APPROVAL

Overdraft Line of Credit

Protect your checking account from the hassle and fees associated with overdrafts.

Attached directly to your checking account
Save money since overdrafts paid under your overdraft line do not incur overdraft or NSF fees
Saves embarrassment since checks are not returned while there is an available amount remaining in your overdraft line
Pay interest only while your overdraft line is in use
Easily apply at any one of our branches

STATEMENT OF LOAN POLICY

Arundel Federal Savings Bank has established a policy of making sound loans to qualified applicants without regard to race, color, national origin, religion, sex, marital status, age, handicap, familial status, the receipt of public assistance, the borrower's good faith exercise of rights under the Consumer Credit Protection Act or the age or location of the dwelling (where applicable).

EQUAL CREDIT OPPORTUNITY ACT NOTICE

The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, marital status, age (provided that the applicant has the capacity to enter into a binding contract), sex, handicap or familial status (having children under the age of 18), because all or part of the applicant's income derives from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with the law concerning this lender is below:

Office of the Comptroller of the Currency, Customer Assistance Group,
1301 McKinney St., Ste. 3450, Houston, TX 77010. 800-613-6743