Wondering what Personal Unsecured Loan funds can be used for? With affordable interest rates, the possibilities are almost endless. Put your loan funds towards the purchase of new items, refinancing an existing loan, or as a way to affordably cover a sudden emergency. Some of the things you can use a Personal Unsecured Loan include:

• Weddings: Getting married is expensive, but a Personal Unsecured Loan from ASB helps you and your partner plan the wedding of your dreams.
• Home Remodels: Whether you’re sprucing up a small bathroom or redoing the kitchen, use a Personal Unsecured Loan to get the funds to pay contractors without draining your savings.
• Debt Consolidation: Pay off expensive credit card balances, outstanding medical bills, and other high-interest debt with a new Personal Unsecured Loan. Enjoy the simplicity of one convenient monthly payment.
• Emergency Expenses: Cover the cost of unexpected medical expenses or car repair work using loan funds to save on interest costs from other financing options.

Both a Personal Unsecured Loan and a Personal Line of Credit provide Hawaii residents with funds when they need them. They have similar requirements in order to qualify but there are several key differences between the two options. A Personal Unsecured Loan and Personal Line of Credit are paid out differently. Personal Unsecured Loans are paid in a lump sum once you are approved for the loan. On the other hand, a Personal Line of Credit is a revolving credit line. This means you can take out funds as you need them, instead of all at once.

Another major difference between Personal Unsecured Loans and a Personal Line of Credit is the method of repayment. For Personal Unsecured Loans, you will have a set monthly payment with a fixed interest rate. Personal Lines of Credit generally have a minimum monthly payment, but you will only be required to pay back on what you borrow.

Use the Automatic Payments and Transfers form to set up automatic transfers to or from your accounts. If you are withdrawing from a non-ASB account, you will need the account number and routing number, a voided check, or a copy of your statement. Return the form to any branch or mail to:

American Savings Bank
Attn: ACH Services
PO Box 2300
Honolulu, HI 96804-2300

We need 5 business days from the date of receipt of your form to set up, change, or cancel your transfer. For loan payments we will send you a letter confirming the start date of your first automatic payment. Please continue to make your payments until you receive your confirmation letter. You may also set up automatic transfers including loan payments using ASB Online Banking.

To cancel automatic transfers, complete Section II of the Automatic Payments and Transfers form and submit it to us at least 5 business days before the scheduled cancel date. For your automatic transfers to continue without interruption, complete Section I of the form and return it in at least 5 business days before the scheduled transfer date. For more information, visit common forms.

Yes, on the Automatic Payments and Transfers form select the Minimum monthly payment + additional principal of $__________ option. You can make additional payments and apply them towards your principal balance. The additional amount you provide will not change until you notify us in writing.

Monthly payments will begin one (1) month from the date of your Note and continue on the same day of each following month. However, if there are lesser number of days in the month than the date of the Note, then your payment will be due on the last day of that month

For example, the payment due date for the month of February will be on the 28^th (29th for Leap Year) when your monthly payments are due on the 29^th, 30^th or 31^st of the month.