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Overview
New Hire Loan from UHFCU
Are you a new, permanent UH-System Employee? UHFCU’s New Hire Loan is available to you to help you get started off on the right foot. The loan is a Line of Credit that will help cover the gap until you receive your first paycheck—at 0% APR* for 60 days!
An exclusive loan for UH employees to help you get settled.
- Exclusive to new, permanent UH-System employees
- 0% APR for 60 days
- Credit Limit, one month net pay not to exceed $5,000
- Direct Deposit required
I like how convenient it is when I can just walk from my campus office to the CU branch on UH campus. Staff are also very nice and helpful.
- UHFCU Member -
Calculator
Loan Payment Calculator
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FAQ
FAQs
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Who is eligible for the New Hire Loan?
Applicant must be new, permanent UH System employee and not have received first paycheck. Employment letter required. Payroll direct deposit and UHFCU Checking account required.
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How much can I borrow for the New Hire Loan?
The loan is a line of credit and will be equal up to one month net (take home) pay, not to exceed $5,000.00.
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What is the interest rate for the New Hire Loan?
The standard interest rate associated with this loan is 15.00% APR. Interest will accrue and be paid monthly. At the end of the 60-day term, interest will be refunded. If a balance is kept past 60 days, we will charge the interest retroactive to the date of the first original advance, and the line of credit will be adjusted to the final credit limit, as determined by UHFCU.
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Who is eligible for the New Hire Loan?
*Annual Percentage Rate. Applicant must be new, permanent UH System employee and not have received first paycheck. Employment letter required. Payroll direct deposit and UHFCU Checking account required. The line of credit amount will be equal up to one month net (take home) pay, not to exceed $5,000.00. The standard interest rate associated with this loan is 15.00% APR. Interest will accrue and be paid monthly. At the end of the 60-day term, interest will be refunded. If a balance is kept past 60 days, we will charge the interest retroactive to the date of the first original advance, and the line of credit will be adjusted to the final credit limit, as determined by UHFCU. Certain restrictions and exclusions may apply. Offer, terms, and rate subject to change without notice.
