Borrow up to $4,000 (including an origination fee)
Take up to four years to repay
Translation services available
An interest-free alternative to traditional loans
In partnership with the Islamic Society of Vermont, we have developed a loan for people who prefer a zero-interest alternative to a traditional loan. These 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.
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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.