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  • Personal Loans & Lines of Credit 2018-06-14T15:29:08+00:00

    Personal Loans
    Pay Off Your Credit Card Debt 14+ Years Faster By Consolidating

    Spend Your Time on What’s Important, Not Worrying About Credit Card Debt

    Call 800.845.5025

    How a Personal Loan Can Help With Credit Card Debt

    Credit cards have high rates — the average is 16.73% APR8. If you try to pay off $10,000 of credit card debt at that rate by making the minimum payment every month, it will take more than 19 years*. Save yourself time by consolidating that debt with a Personal Loan:

    graph showing how much more effective it is to pay off your debt by consolidating with a personal loan
    Pay off debt 14+ years faster* and avoid the cycle of credit card payments with a fixed-term loan.

    Get a Personal Loan rate as low as 6.99% APR* with promo code SUMMER.

    Apply Now

    Lowest Available Rates
    Accurate as of 6/14/2018

    Secured Personal Loan

    2.99% APR1
    (fixed)

    Unsecured Personal Loan

    8.99% APR2
    (fixed)
    5.88% APR (fixed) with promo code POSTHOLIDAY8

    Personal Line of Credit (FlexPlus)

    9.49% APR3
    (variable)

    Personal Line of Credit (Flex)

    10.99% APR4
    (variable)

    Savings Secured Loan

    4.00%5 Above Account Yield
    (fixed)

    Active checking7 and automatic payments required to receive the above rates (excluding Savings Secured Loan).

    Figure Out Your Monthly Payment

    Use our calculator to find out how much your monthly payments could be.

    Personal Loans

    A Personal Loan is a set amount of money you can borrow to consolidate debt, cover bills, etc. It allows you to receive all the money at once and make monthly payments over the term of your choice.

    Features

    • Flexible Terms — We can build a loan that’s right for you.
    • No Prepayment Penalty — It’s okay to pay off your loan early.
    • One Business Day Approval — We’re not going to make you wait.
    • No Application Fee — There’s no harm in applying.
    • Biweekly Payment Option Available — Two biweekly payments equal one monthly payment.

    Learn More About Personal Loans

    Related Blog Posts

    Personal Lines of Credit

    A Personal Line of Credit is a great solution if you have unexpected expenses. Our Flex and FlexPlus Lines of Credit are treated as a loan, so you only pay interest on the funds you actually borrow.

    Features

    • Multiple Interest Rate Adjustment Options — Flex Line of Credit adjusts monthly. FlexPlus Line of Credit adjusts quarterly.
    • Flexible Line Amounts — Flex Line of Credit amounts range from $3,000 to $15,000. FlexPlus Line of Credit amounts range from $5,000 to $25,000.
    • Low Payments — Minimum payments are 2% of the balance3,4.
    • No Collateral Required — You can feel safe about your borrowing.
    • No Annual Fees — Less fees means more money in your pocket.
    • Biweekly Payment Option Available — Two biweekly payments equal one monthly payment.

    Fees

    See our Fee Schedule for a list of fees you may encounter.

    FAQs: You Asked. We Answered.

    Can I pay off my loan quicker than the payment schedule? 2017-06-29T11:19:32+00:00

    Of course! There’s no prepayment penalty for paying off your loan early. Doing so will actually help you save on interest over the long run.

    What is the difference between a Personal Loan and a Personal Line of Credit? 2017-06-29T11:19:39+00:00

    A Personal Loan has a set number of payments called the loan term (for example, 48 months). After you have made all 48 payments your loan is paid off and closed. A Personal Line of Credit has a minimum monthly payment, but no set term. You can advance your loan funds, pay it off, and repeat. It gives payment flexibility by allowing you to make the minimum payment or more, up to the full balance. The line stays open until you request it be closed.

    What information do I need in order to complete my application? 2017-07-14T15:12:19+00:00

    To complete your application, you will need to provide:

    • Desired loan amount and term
    • Personal information (name, address, DOB, SSN)
    • Contact information (phone, email)
    • Financial information (monthly income & mortgage/rent)

    You can apply online, over the phone, or at any branch location.

    Can’t find what you’re looking for? Ask us! 2017-08-15T16:52:05+00:00

    Disclosures

    1 APR = Annual Percentage Rate. 2.99% APR is our lowest available rate as of 12/26/2017. Borrow $10,000 at 2.99% APR for 60 monthly payments of $179.64 or $17.96 per $1,000 borrowed. Minimum loan amount $2,500. Maximum loan amount $20,000. Rate includes a 1% discount for active checking7, and a 2% discount for automatic payments. Other loan rates and terms available. Loan subject to approval and qualifications. Rate may vary on individual credit terms and relationship level. Certain restrictions may apply. Not valid on tuition expenses and interest is not tax deductible. Does not apply to loans currently financed with Connexus Credit Union. Rates subject to change.

    2 APR = Annual Percentage Rate. 8.99% APR is our lowest available rate as of 12/26/2017. Borrow $10,000 at 8.99% APR for 60 monthly payments of $207.54 or $20.75 per $1,000 borrowed. Minimum loan amount $2,500. Maximum loan amount $20,000. Rate includes a 1% discount for active checking7, and a 2% discount for automatic payments. Other loan rates and terms available. Loan subject to approval and qualifications. Rate may vary on individual credit terms and relationship level. Certain restrictions may apply. Not valid on tuition expenses and interest is not tax deductible. Does not apply to loans currently financed with Connexus Credit Union. Rates subject to change.

    3 APR = Annual Percentage Rate. 9.49% APR is our lowest available rate as of 6/14/2018. Rate adjusts monthly based on prime plus a margin and applies to the entire outstanding balance. Maximum rate is 18.00% APR. Rate is variable. Finance charge begins to accrue on the day an advance is made on the line. Overdraft/NSF Transfer Fee $8.95, Modification Charge $29.00, Late Charge $15.00, and Returned Payment Fee $29.95. No annual fee. Minimum loan amount $5,000; maximum loan amount $25,000. Payments are calculated on 2% of the outstanding balance. Other Personal Line of Credit rates and terms available. Your Personal Line of Credit is subject to approval and the rate may vary based on your individual credit, term, and relationship level. Certain restrictions may apply. Not valid on tuition expenses and interest is not tax deductible. Does not apply to loans currently financed with Connexus Credit Union.

    4 APR = Annual Percentage Rate. 10.99% APR is our lowest available rate as of 6/14/2018. Rate adjusts quarterly based on prime plus a margin and applies to the entire outstanding balance. Maximum rate is 18.00% APR. Rate is variable. Finance charge begins to accrue on the day an advance is made on the line. Overdraft/NSF Transfer Fee $8.95, Modification Charge $29.00, Late Charge $15.00, and Returned Payment Fee $29.95. No annual fee. Minimum loan amount $3,000; maximum loan amount $15,000. Payments calculated on 2% of the outstanding balance. Other Personal Line of Credit rates and terms available. Your Personal Line of Credit is subject to approval and the rate may vary based on your individual credit, term, and relationship level. Certain restrictions may apply. Not valid on tuition expenses and interest is not tax deductible. Does not apply to loans currently financed with Connexus Credit Union.

    5 APR = Annual Percentage Rate. 4.25% APR is our lowest available rate as of 12/26/2017. Rate is fixed and is based on 4% over the current account APY. APY = Annual Percentage Yield. Borrow $10,000 at 4.25% APR for 60 monthly payments of $185.30 or $18.53 per $1,000 borrowed. No minimum loan amount. Maximum loan amount $100,000. Other loan rates and terms available. Loan subject to approval and qualifications. Rate may vary on individual credit terms and relationship level. Certain restrictions may apply. Not valid on tuition expenses and interest is not tax deductible. Does not apply to loans currently financed with Connexus Credit Union. Rates subject to change.

    6 APR = Annual Percentage Rate. Maximum loan amount $10,000. Finance charge begins to accrue on the date an advance is made on the line. Overdraft Transfer fee of $8.95 applies to each transfer. No annual fee. Loan subject to approval and qualifications. Certain restrictions may apply.

    7 Active checking is defined as having at least one (1) Direct Deposit of net pay, including salary, wages, government benefits, or pension made to the account each month; having ten (10) checks, ACH withdrawals, and/or debit card transactions clear the account by the last business day of each month; and electing to receive eStatements. ATM transactions not included.

    * A $10,000 credit card balance with the national average credit card rate of 16.73% APR8 and minimum monthly payments of 3% of the balance takes 230 months and a total of $18,424.86 to pay off9, assuming there are no additional advances or charges. A $10,000 Personal Loan with an interest rate of 6.99% APR and monthly payments of $197.96 takes 60 months and a total of $11,877.89 to pay off. The difference between 230 months and 60 months is 170 months, or 14.17 years. Enter promotion code SUMMER in the application process for the lowest available rate of 6.99% APR. Rate may vary on individual credit terms and relationship level. Certain restrictions may apply. Rates subject to change. Offer valid on applications received between 6/11/18 and 7/29/18.

    8 As of 6/1/2018 on www.creditcards.com

    9 Calculations based on Bankrate.com Credit Card Minimum Payment Calculator