Disaster loans are fixed-rate personal loans available to pay for member losses or expenses resulting from a State or Federal disaster event.
On October 27, 2019, California Governor Gavin Newsom proclaimed a statewide emergency due to the effects of unprecedented high-wind events which have resulted in fires and evacuations across the state.
Star One members in California incurring expenses and losses related to a declared state of emergency may be eligible for special disaster-assistance loans.
Star One disaster loans are fixed-rate loans available to help members pay for losses or expenses incurred due to natural disasters.
If you have disaster-related losses, Star One has a disaster-assistance loan to help.
The disaster-assistance loan is available to Star One members for insurance deductibles, loss of personal belongings, moving costs or other expenses.
You may defer your payments on the loan up to six months.
We have staff available to provide financial assistance to you during difficult times. Please contact a Star One Loan Officer for additional information.
Disaster-assistance loan interest rate
Monthly payment: $14.37 per $1,000 (based on deferred six payments)
Fixed rate, 7-year maximum term