Loans
Dreaming of a new car, a relaxing vacation, a comfortable home, or growing your agricultural business? At Texas Plains Federal, we offer a range of loan solutions designed to help you achieve your goals! From secured loans for vehicles, boats, and RVs to flexible unsecured options for personal needs and debt consolidation, and specialized mortgage and agricultural loans, we're here to provide the financing you need. Let us be your partner in making your aspirations a reality – explore our diverse loan options and find the perfect fit for your needs today!
Secured Loans
If you are shopping for something new or something new to you, Texas Plains Federal has a secured loan to fit your needs. We have competitive rates, excellent terms, and amazing protection plans. Our Loan Officers are here to help you every step of the way!
New, Used or Refinanced Autos
Our Loan Officers are here to guide you, whether it is buying a new or used auto or refinancing your current auto. Texas Plains Federal makes auto buying a breeze with our Auto Checks. Get pre-approved today for a new or used auto and take a check with you to the dealership. We also can help you with refinancing your auto from another financial institution. Oftentimes, we can lower your monthly payment by getting you a reduced rate. We also have amazing protection plans that can be added to your auto loan which include, Debt Protection, GAP, Mechanical Breakdown (warranty) and Multi-Shield.
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Easily apply in person, online or your mobile app
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Up to 100% financing
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Competitive rates with discounts available
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Flexible terms up to 90 months
Recreational Loans
You work hard and want to play hard too, let Texas Plains Federal help you with the purchase or refinance of a Recreational Loan today! Whether it is a RV, Boat, Motorcycle or ATV/UTV we have you covered. We also have protection plans that can be added to your Recreational Loans which include, Debt Protection and GAP.
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Easily apply in person, online or your mobile app
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Up to 100% financing
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Competitive rates with discounts available
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Flexible terms up to 120 months
Share Secured, Share Certificate Secured and Nest Egg
A Share Secured Loan is a loan against the money in your Regular Share Account. The max amount you can borrow is 100% of the amount in your account. Shares in the amount equal to the loan balance are held in the account. The APR will be the dividend rate being paid on Regular Shares on the date of the request plus a margin of 2%. We have flexible terms up to 120 months and we offer Debt Protection our Share Secured Loans.
A Share Certificate Secured Loan is a loan against your Texas Plains Share Certificate. The APT will be equal to the dividend rate being paid on the Share Certificate offered as collateral plus a margin of 2%. We offer Debt Protection our Share Certificate Secured Loan.
Do you want to build credit or reestablish your credit? We have the perfect loan for you, the Nest Egg! Our Nest Egg loan is $1,000 @ 9% interest for one year. Contact one of our Loan Officers for details and to get information on how you can apply for one. We offer Debt Protection on our Nest Egg Loans.
Unsecured Loans
Signature Loans
Signature loans can be used for just about anything. Whether you need assistance with a debt consolidation, an awesome vacation, veterinary expenses, an upcoming wedding, back to school or holiday shopping, Texas Plains Federal has an unsecured loan that is right for you! It’s a better option than using a credit card. We offer Debt Protection on our Unsecured Loans.
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Signature Loans up to $20,000 based on monthly income and credit
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Competitive rates
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Flexible terms up to 36 months
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Seasonal Special Loans with special rates and terms
Line of Credit (LOC)
A Texas Plains Federal LOC gives you access to funds when you need them. A LOC is a revolving loan, so you only advance what you need and pay back with low payments.
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LOC’s up to $2,000 based on monthly income and credit
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Competitive rates with discounts available
Paycheck Advance Loan (PAL)
If you are in between pay dates and need a little extra cash, we can help you escape from the wolves that are Payday Lenders! You can borrow $300-$500, which can be paid back in 4 months. Our PAL’s will also help improve your creditworthiness. No credit check! Contact the Loan Department for details.
P.D.Q. Loan (Pretty Darn Quick)
When life happens, we’re here for you.
Whether you need a little extra cash for books, groceries, an emergency car repair, or anything in between, a P.D.Q. loan can help. Get money when you need it most deposited right into your account with just a few clicks taking less than a minute. That’s pretty darn quick!
P.D.Q. loans are a smarter alternative to other high-cost options and help you to build or repair credit. While there is no credit check required, we will be reporting repayment history to the credit bureau.
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Loans up to $2,000 with repayment term up to 12 months.
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Must be a credit union member for 10 months.
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Must be 18 years or older.
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24% Interest Rate
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$20.00 application fee
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No credit check required, with an instant loan decision.
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Can be used to build or repair credit.
It’s easy to apply for a P.D.Q. loan. You can do it anytime through online banking and mobile banking. If you do not have access to mobile and online banking, you may apply HERE.
Ag Loans
Our Ag Lending Program is available to farmers, ranchers, and ag businesses. If you are in the market to purchase livestock or buy new or used equipment, we are here to assist you along the way. We can also help you with the refinance of your livestock or equipment from another financial institution.
Equipment
We have an extended list of agricultural equipment that we can finance or refinance from another financial institution ranging from field tractors and combines, backhoes and graders to drip station tanks and pumps.
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Competitive rates with discounts for auto payments
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Up to 80% financing
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Terms up to 7 years
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Flexible repayment options based on operational cash flow
Livestock
We can finance the following livestock: cows, bulls, calves, steers, heifers, sheep, goats, and hogs.
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Competitive rates with discounts for auto payments
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Up to 70% financing
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Terms up to 5 years
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Flexible repayment options based on operational cash flow
Contact Information
If you have questions or would like to speak to our Ag Lender, contact Brandy Walton, at 806-676-1736 or bwalton@texasplainsfederal.org
If you would like to apply for an agricultural loan, you can fill out this Loan Application and email it to Brandy along with your 2 recent tax returns.
Member Rewards Program
Star Rewards is a rewards program where you can earn a discount on your next loan just by using more of our products and services. It's our way of saying "Thanks - we appreciate having you as a member!" Each service you use at Texas Plains Federal increases your reward level. The more services you utilize, the better your Star Rewards are!