Disaster Relief Line of Credit
Our Disaster Relief Line of Credit helps existing members who have been affected by a natural disaster.
• Loan amounts up to $3,000
• 24-month term
• 0% APR* for 90 days during the draw period (after which, the rate is 8.99% APR* for the 24-month term)
Upon approval of your loan application, funds will be deposited into your Northwest checking or savings account.
To determine if your city/county has been declared a disaster area, visit FEMA’s website.
To apply for a Disaster Relief Line of Credit:
• Apply online
• Call 703-709-8900 x7703
*APR = Annual Percentage Rate. Rate is current as of 10/1/2024. Restrictions apply for the Disaster Relief Line of Credit. Credit qualifications apply. Applicant must have been a Northwest Federal Credit Union member by 9/8/2024 and member must be in FEMA designated counties for areas declared a disaster due to Hurricane Helene or Hurricane Milton in order to be eligible for the Disaster Relief Line of Credit. Rate is introductory 0% APR for the 90 day draw period. After 90 days, the draw period expires and the interest rate will convert to 8.99% APR for the 24 month term. After 90 days, the credit limit will be reduced to zero. This offer is available for a limited time only and is subject to change without notice.
Disaster Relief Line of Credit payment example: $3,000 for 24 months at 8.99% APR will have an estimated monthly payment of $137.48.