Alliant Lends a Hand to Those Impacted by Severe Storms and Tornadoes in Oklahoma
May 22, 2013 | Alliant Credit Union
Severe storms and tornadoes have caused devastation in Oklahoma City's suburbs and negatively impacted the finances of some Alliant members. To help our members and employees of partner organizations cope with the financial repercussions of this disaster, Alliant offers Disaster Relief Loans and payment assistance for those with existing Alliant Loans.
Under these programs, members directly impacted by the storms and tornadoes may have payments on existing consumer and credit card loans deferred, and may restructure mortgage loans to reduce or defer payments.1
We are also offering low rate Disaster Relief Loans of up to $1,500 for short term living expenses, with expedited application and processing, and no payments for six months.2
Any member living or working in a county designated a disaster by FEMA. If there is any question regarding eligibility of an area, you can search on FEMAs website: www.fema.gov/disasters
Following are more details about these programs:
- Disaster Relief Loan2
- Minimum - $500
- Maximum - $1,500
- Term - 18 months maximum
- Interest rate - 9.9% APR for ALL loans
- First payment is not for six months
- No refinancing of disaster loans
- No prepayment penalty
To apply for a Disaster Relief Loan,
- Call 800-328-1935 press option 5, then option 2 to talk to an Alliant Loan Consultant (Mon-Fri, 7am to 7pm), or
- Visit an Alliant Branch
Assistance for members in impacted areas with Alliant Loans
- Potential modification with payment holidays/reduced payments1
- Contact Alliant 24/7 at 800-328-1935 for further information
Alliant and its employees are ready, willing and able to assist our members in good times and bad, please feel free to call us 24/7 at 800-328-1935 or visit an Alliant Branch to find out how.
1 All requests for loan modifications are subject to review. 2 Must be or become a member to apply. Must meet Alliant membership eligibility requirements. Disaster Relief Loan is available only if applicant meets the criteria for the loan, as determined by Alliant. Must currently be in good standing on all loans. Cannot use with 0.4% automatic payment discount. Limited to one disaster relief loan per member. Standard late fees will apply. MEMBER'S CHOICETM Protection is not available on Disaster Relief loans.
APR=Annual Percentage Rate
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