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Contact Us:
(310) 374-3436
SBCU@southbaycu.com

Routing & Transit Number:
322281028








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Loan Products

South Bay Credit Union offers a wide-range of loan products and services to meet the needs of our members. Whether you are purchasing a new car or your first home, South Bay Credit Union has the right loan for you. Please take a few minutes to explore the links below to the products and services that interest you.


Apply Online

Our online application only takes a few minutes to complete.  It is helpful to the fhe following information available before your start:  your Social Security Number, employer name and phone number, and you annual income amount.  


Loan Applications

Calculators

We have a number of calculators to help you make important decisions such as:

  • Should I refinance?
  • How much car can I afford?
  • How long will it take to pay off my loan?
  • What will my investment be in the future?
  • How much do I need to support my retirement?
  • Should I lease or buy?

To access the calculators that will provide answers to these questions and many more, please click here


Skip a Pay

Sometimes you just need a break from your loan payments. So for a small fee of $35, we offer members a flexible option to "Skip" a payment on their eligible auto or signature loan once every 6 months. From covering unexpected expenses to freeing up extra cash for an important project, Skip a Pay is another way we can help you take more control over you money.

Easy Online Access - Check to see if your loan qualifies

  1. Log into It's Me 247 Online Banking.
  2. View your accounts and look for the "SP" icon next to qualifying loans.
  3. Select "SP" and follow the onscreen instructions.
  4. Submit the request and you're done!
Snippet from It's Me 247 
 
What if my loan doesn't qualify? 
See the terms and conditions below, the most likely scenario is that the loan is not 6 months old or it hasn't been 6 months since your last skip.  You can come back to It's Me 247 anytime and check for eligibility.
 
Skip a Payment Terms and Conditions
  1. To qualify, you must have made at least six (6) consecutive on time monthly payments on the loan at issue, and at least six (6) months must have elapsed since your last skipped payment under a prior Skip A Pay program. If you have modified your loan within the last 36 months you will not qualify for the Skip A pay program. You cannot skip more than 2 payments in a calendar year.
  2. A processing fee of $35.00 per loan will apply.  If you are not approved for the Skip a Pay, your fee will be refunded.  You must maintain a minimum of $5 in your savings account at all times.
  3. Loans secured by real property, home equity lines of credit (HELOCs) or loans with force-placed insurance are not eligible.
  4. When you skip a payment, interest will continue to accrue on your loan during the month(s) you skip, which may result in paying higher interest over the life of the loan. Credit insurance protection premiums charges (if applicable) will continue to accrue. On closed-end loans, your loan maturity date will be extended by one month (or a one month "equivalent") for each monthly payment you skip.
  5. If your loan is paid via payroll deduction or other automatic deduction, the deduction will occur as it normally would. The amount of the deduction normally applied to your loan will then be deposited into your savings or checking account. If your loan is paid via a transfer from your SBCU savings or checking account, the payment will be adjusted during your skipped month(s) and no funds transferred.
  6. For members who have Guaranteed Asset Protection (GAP), claim coverage does not extend to the amount of payment(s) deferred.  In addition, the coverage will not be extended beyond the original maturity date. 
  7. Your regular monthly loan payments (and any preauthorized transfers) shall resume in the month immediately following your skipped payment(s).

Sign online with DocuSign

We've made getting a loan with South Bay Credit Union even easier and more convenient. We now offer members the option of signing their auto and unsecured loan applications electronically using DocuSign.* Say goodbye to faxes, shipping and making extra trips to our branches. With DocuSign, you’ll have the money you need in no time. And, because there’s no paper to sign, it’s good for the environment!

DocuSign lets you receive your loan documents via a secure email. Each DocuSign document comes with an easy-to-understand electronic prompt to guide you on how to sign your loan electronically. Your loan documents will also be available for download. Once you sign for your loan, the credit union will be notified—and we'll fund your loan. It doesn’t get much easier than that.

The best in security
With DocuSign, you’ll have the peace of mind that your sensitive documents will not get lost in the mail. You can also be confident that your transaction is secure. DocuSign is the leading electronic signature solution among Global 2000 and Fortune 500 companies, passing rigorous security audits. After all, we demand only the best for our members.

Ask for DocuSign. It’s “the fastest way to get a signature!”







Copyright 2010-2013 South Bay Credit Union. All rights reserved.
Web Site Design and Content Management by JSS Enterprises, Inc.

APR=Annual Percentage Rate. Sample auto loan of at 48 months, for well qualified borrowers. Sample 0.00% APR credit card balance
transfers for 6 months. Purchases and cash advances are subject to standard rates. All loans subject to borrower and property qualifications. Not all applicants
may be approved. Loan and deposit rates are subject to change without notice. Conditions, restrictions, and terms may apply.


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