Skip to main content
  • Personal Loans & Lines of Credit 2019-01-22T14:59:23+00:00

    Personal Loans
    Your Solution to Holiday Credit Card Debt

    Get Access to a Rate as Low as 6.99% APR* With Promo Code HOLIDAYRELIEF

    Apply Now

    Call 800.845.5025

    Holiday Credit Card Debt Payoff Solution

    Let’s say you have $5,000 of credit card debt. If your strategy to pay it off is to make the minimum payment each month, we have a faster, more affordable solution. We recommend taking out a Personal Loan, using that money to pay off your credit card balance, and paying back your Personal Loan at a much lower rate. Here’s an example:

    $5,000 of Credit Card Debt*$5,000 Connexus Personal Loan* (60-month term)
    Interest Rate17.14% APR (national average)6.99% APR (lowest available)
    Monthly Payment Amount3% of balance (minimum payment)$98.98
    Amount of Interest Owed in Addition to the $5,000$4,273.34$938.94
    Length of Time to Pay Off190 months60 months

    A Personal Loan could save you a significant amount of time and money. Apply for your loan today with promo code HOLIDAYRELIEF to get access to a rate as low as 6.99% APR*.

    Apply Now

    Lowest Available Rates

    Accurate as of 1/8/2019

    Secured Personal Loan

    3.24% APR1
    (fixed)

    Unsecured Personal Loan

    9.49% APR2
    6.99% APR* (fixed)5.88% APR (fixed) with promo code POSTHOLIDAY8

    Personal Line of Credit (FlexPlus)

    9.74% APR3
    (variable)

    Personal Line of Credit (Flex)

    11.24% APR4
    (variable)

    Savings Secured Loan

    4.00%5 Above Account Yield
    (fixed)

    Secured and Unsecured Personal Loan rates include a 1% discount when registered to Digital Banking and subscribed to eStatements, and a 1% discount for auto-paying electronically. Personal Lines of Credit and Savings Secured Loans are excluded from rate discounts.

    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.
    • 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? 2018-12-12T14:06:56+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. 3.24% APR is our lowest available rate as of 1/8/2019. Borrow $10,000 at 3.24% APR for 36 monthly payments of $291.87 or $29.19 per $1,000 borrowed. Minimum loan amount $2,500. Maximum loan amount $20,000. Rates includes a 1% discount when registered to Digital Banking and subscribed to eStatements, and a 1% discount for auto-paying electronically. Interest rate may increase by the amount of the discount(s) if you no longer meet the requirements. 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. 9.49% APR is our lowest available rate as of 1/8/2019. Borrow $10,000 at 9.49% APR for 60 monthly payments of $209.97 or $21.00 per $1,000 borrowed. Minimum loan amount $2,500. Maximum loan amount $20,000. Rates includes a 1% discount when registered to Digital Banking and subscribed to eStatements, and a 1% discount for auto-paying electronically. Interest rate may increase by the amount of the discount(s) if you no longer meet the requirements. 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. 9.99% APR is our lowest available rate as of 1/7/2019. 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. 11.49% APR is our lowest available rate as of 1/7/2019. 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 1/7/2019. 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.

    * APR = Annual Percentage Rate. Comparison is based using the average national credit card rate of 17.14% APR as of 11/14/18 from www.creditcards.com, a $5,000 balance assuming minimum monthly payments of 3% of total balance, and no additional advances or charges. A $5,000 credit card balance at 17.14% APR with minimum monthly payments of 3% of the balance takes 190 months and $9,273.34 to pay off. Personal Loan is based on a $5,000 loan, 60 month term, 6.99% APR and monthly payments of $98.98 with $5,938.94 to pay off. The difference between $9,273.34 and $5,938.94 is $3,334.40. The difference between 190 months and 60 months is 130 months or 10.83 years. 6.99% APR is our lowest available rate effective 12/26/2018 to 2/17/2019. Enter promotion code HOLIDAYRELIEF in the application process for access to the lowest available rate of 6.99% APR when you register for Digital Banking, subscribe to eStatements, and set up an electronic payment. Subscription to eStatements gives you a 1% discount and setting up an electronic payment gives you an additional 1% discount. Interest rate may increase by the amount of the discount(s) if you no longer meet the requirements. Borrow $5,000 at 6.99% APR for 60 monthly payments of $98.98 or $19.80 per $1,000 borrowed. Minimum loan amount is $5,000. Maximum loan amount is $20,000. Rate may vary on individual credit terms and relationship level. Certain restrictions may apply. Connexus employees are eligible to receive offer. Offer does not apply to Personal Loans currently financed at Connexus Credit Union.