Austin Credit Union to Offer Low-Interest Loans for the Holidays

Low-Interest Holiday Loans Available for a Limited Time from Velocity Credit Union.

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Members can choose a loan amount that meets their holiday spending needs.

(PRWEB) November 27, 2012

Velocity Credit Union of Austin has announced that it will be offering low-interest loans just in time for the holidays. The financial institution strives to help Austin-area residents avoid less desirable borrowing options such as high-interest credit cards and payday lenders to pay for additional expenses the holiday season traditionally brings.

Interest rates on these holiday loans start as low as 6.49% APR. Fixed rates give borrowers assurance that interest fees will not increase unexpectedly over the life of the loan, and members are given the option to select a loan term as long as 36 months.

Velocity Credit Union is offering the holiday loans in amounts ranging from $500 to $5,000, so members can choose a loan amount that will meet their holiday spending needs this December. This special loan offer is available through January 31, 2013 to give people a chance to apply after receiving holiday bills in the beginning of January.

For more information about joining Velocity Credit Union, visit their website at or call 512.469.7000. An online application process for the Velocity Holiday Loans can be found here.

About Velocity Credit Union:

Velocity Credit Union in Austin, Texas has more than 65 years of experience in providing financial services to residents of the Austin area. The credit union has a community charter, which means that membership is open to all residents of Travis, Hays, Williamson, Bastrop and Caldwell counties, as well as over 200 groups/associations.

Velocity currently has assets of more than $600 million and serves more than 70,000. Velocity Credit Union is dedicated to the traditional credit union ideals of independence, self-help, cooperation, and non-profit operation and encourages its members to actively participate in the cooperative.