Developed in partnership with the Islamic Society of Vermont
Key features
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Borrow up to $4,000 (including an origination fee)
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Take up to four years to repay
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Translation services available
An interest-free alternative to traditional loans
Membership at the credit union is a prerequisite for this loan, developed with careful consideration for people who prefer a zero-interest alternative to a traditional loan. Our Halal Loans adhere to the principles of Sharia Law. Instead of interest, borrowers pay an origination fee set based on the amount borrowed. The fee is subtracted from the amount of the loan.
Interpreters available
Translation services are available in over 100 languages. For LanguageLine assistance, contact us.
You've got questions, we've got answers
Repayment terms range from one year to four years.
No. You can pay off your Halal Loan at any time without penalty.
Any member of the credit union is welcome to apply for a Halal Compliant Loan.
