This is a special loan that we offer exclusively to IICA members in the Costa Rica Headquarters, Panama, Dominican Republic Offices, and to members who are considered international staff. These members receive a monetary benefit after they leave the organization, in recognition of their years of service. The loan we offer uses these future recognition funds as collateral. Because the loan is guaranteed, you can qualify for an extraordinarily low rate. You can also borrow up to 100% of your accrued benefit. If you are living abroad and need quick access to cash, this loan may be perfect for you. It’s fast and flexible, but it also offers the peace of mind of a secured loan.
Take advantage of terms up to 15 years*
Borrow up to 100% of your accrued years of service benefit
Enjoy the low rates of a guaranteed loan
Pay off the loan at any time, with no prepayment penalties
Use your loan as a line of credit; pay interest on only what you spend
* APR means annual percentage rate. This is a variable indexed rate based on the Prime Rate published by The Wall Street Journal. Using that rate as reference and, as it fluctuates, your loan rate may change on any of the following dates: the last day of March, June or September or December. An increase in rate might affect your payment amount. OAS FCU lists rate ranges that are applied during loan evaluation. Based on the results of your credit evaluation and the analysis of your repayment ability, you might be approved for a smaller loan than you requested; your loan might also be denied.
Personal Loans
Type of Loan
APR*
Term
Loan amount
Green Loan
8.44%**
Up to 42 months
Up to $15,000
Signature
10.75% - 18.00%
Up to 6 years
Up to $35,000
Deposit Secured (Shares and Share Certificates)
2.5% above the rate paid on deposit pledge
Up to 10 years
Available balance on deposit pledge
Post-Secondary
Education Loan
8.75% - 10.75%
Up to 4 years
Up to $15,000
International Personal Loan
18%***
Up to 3 years
Up to $5,000
* APR means annual percentage rate. This is a variable indexed rate based on the Prime Rate published by The Wall Street Journal. Using that rate as reference and, as it fluctuates, your loan rate may change on any of the following dates: the last day of March, June or September or December. An increase in rate might affect your payment amount. OAS FCU lists rate ranges that are applied during loan evaluation. Based on the results of your credit evaluation and the analysis of your repayment ability, you might be approved for a smaller loan than you requested; your loan might also be denied.
** This is a fixed rate and will remain the same during the entire life of the loan. Loan approval is based on a credit and repayment ability evaluation, and it is possible that you may not qualify for this loan. Loan disbursement subject to proof of purchase or invoice of the green product. Available only for members and improvements in the United States.
****This is a variable rate loan. The rate is determined by adding a margin to an existing published rate (the Prime Rate published on the Wall Street Journal), and the rate may change without previous notice on the last day of March, June, September or December each year; however, your rate will never exceed 18% APR. Based on the results of your credit evaluation, and the analysis of your repayment ability, you might be approved for a smaller loan than you requested; your loan might also be denied. This loan is offered exclusively to members of OAS FCU who do not otherwise qualify for any loans via their employers as part of their employers’ relationships with the Credit Union. We offer this loan to those who have been members of OAS FCU longer than one year, and who can provide proof of employment with income exceeding 24 months. Sample repayment schedule: the monthly payment for a 3-year loan with the current rate would be $35.65 for every $1,000 borrowed.
Fixed Rate Personal Loans
Type of Loan
APR**
Term
Loan Amount
Green Loan
8.44%*
Up to 42 months
Up to $15,000
* This is a fixed rate and will remain the same during the entire life of the loan. Loan approval is based on a credit and repayment ability evaluation, and it is possible that you may not qualify for this loan. Loan disbursement subject to proof of purchase or invoice of the green product. Available only for members and improvements in the United States.
** APR means annual percentage rate. This is a variable indexed rate based on the Prime Rate published by The Wall Street Journal. Using that rate as reference and, as it fluctuates, your loan rate may change on any of the following dates: the last day of March, June or September or December. An increase in rate might affect your payment amount. OAS FCU lists rate ranges that are applied during loan evaluation. Based on the results of your credit evaluation and the analysis of your repayment ability, you might be approved for a smaller loan than you requested; your loan might also be denied. Sample payment: the monthly payment for a $15,000 loan would be $451.25 in 36 installments.
***Fixed rate limited time offer loans.
Credit Cards
Type
APR*
Credit Limit
VISA Platinum
12.75% - 15.75%
Up to $30,000
VISA Classic
10.75% - 16.75%
Up to $10,000
Balance Transfer(1)
2.25%
Up to available credit
* APR means annual percentage rate. This is a variable indexed rate based on the Prime Rate published by The Wall Street Journal. Using that rate as reference and, as it fluctuates, your loan rate may change on any of the following dates: the last day of March, June or September or December. An increase in rate might affect your payment amount. OAS FCU lists rate ranges that are applied during loan evaluation. Based on the results of your credit evaluation and the analysis of your repayment ability, you might be approved for a smaller loan than you requested; your loan might also be denied.
(1) The promotional APR is available for the first 12 months after the balance transfer. Any remaining balance remaining after that time will incur the standard rate of your card at that time.
FAQs
Yes, this loan qualifies for our Skip-a-Payment program.
With Skip-a-Payment you have the ability to skip up to two (non-consecutive) monthly credit union loan payments each year, whenever it's most convenient for you.
To enroll, complete the Skip-a-Pay form, indicating the month you would like to skip your payment, and return it to the Credit Union at least five days before your payment is due.
If you are not already an OAS FCU member, you will need to open an account with us.
Then you will need to request an employee certification, prepared by the Human Resources Department, indicating your salary and the amount accumulated at the time of your request. In addition, you will need to complete a collateral irrevocable guarantee form and the loan application. The loan department will then work on your application and will let you know once approved.
If you have paid the entire debt before the termination of your employment, you will receive your Funds for Recognition of Years of Service 100%.
If you have a pending amount in your line of credit, the amount will be paid off with the liquidation of the Fund and the closing of the line of credit. This is an agreement between IICA and OAS FCU.
This line of Credit will save you money since it has a very loan interest rate in comparison to applying for a loan that you cannot guarantee.
Additionally, this line of credit can be use at your own pace. You can use it when needed, there is no maintenance fee, and you can pay off the debt before the end of the term with no penalty.
OAS FCU members who are IICA local employees may qualify for up to 90% of their accrued benefits.
Members who are international staff of IICA may qualify of up to 100% of their benefits. Inquire at your Human Resources Department or our Lending Department to find out more.
Yes, this loan is a line of credit.
Fees
Loan Fees
Processing vehicle titles
$50 + DMV cost
Skip-a-Payment
$5 each loan
Single debit origination to pay for a loan
No charge
Recurrent monthly debit origination to pay for loan
No charge
Late fee for consumer loans
4% of the monthly payment after 30 days past due
Late fee for HELOCs
4% of the monthly payment after 10 days past due
Late fee for mortgages
5% of the monthly payment after 15 days past due
Leaving Our Website
You are leaving OAS FCU’s website and linking to an alternate website not operated by the credit union. OAS FCU is not responsible for the content of the alternate website and does not represent either the third party or the member if the two enter into a transaction. The privacy practices of the alternate site may differ from those practiced by the credit union. You should review the privacy policy of any site before providing any information.
