Personal Loans & Lines of Credit
Summer’s short. Don’t spend it sweating over debt.
Consolidate credit cards with a Personal Loan and enjoy rates as low as 5.99% APR1.
Benefits of a Personal Loan
Fixed, Low Rates & Affordable Payments
With rates as low as 5.99% APR1, Personal Loans offer considerable interest savings over credit cards. Plus, you’ll get a fixed monthly payment that works for your budget.
Flexible Uses
Use a Personal Loan to consolidate high-interest credit card debt into one manageable monthly payment. Or, use the funds to cover unexpected expenses, home repairs, weddings, vacations, and more.
Terms that Work for You
With their low interest rates, terms as long as 84 months, and amounts up to $25,000, you can borrow at the rate, term, and amount that works for your needs.
Easy Application & Fast Funding
Apply online or by phone in a few simple steps. If approved, we’ll issue you the funds you need – fast.
Start Your ApplicationBrenda
Pennsylvania
“With a sudden expense occurring and having to use credit card with high interest, coming to Connexus was the logical next step for a personal loan with a lower interest rate. I've had loans with Connexus over the years and have ALWAYS had a great experience. Thank you.”
Why to Consolidate Credit Card Debt With a Personal Loan
If you’re stuck in credit card debt, the best way to get out is to consolidate to a lower interest rate. With such a difference between Personal Loan rates and credit card rates, consolidating could save you thousands.
5.99%
Lowest Available APR for a Connexus Personal Loan1
16.17%
National Average Credit Card APR6
Save $ By Choosing Connexus*
Our Rates
or 5.99% on 24 MO
National Average
Big Savings
Lowest Available Rates
| Type | APR As Low As | Monthly Payment1 |
|---|---|---|
| Secured | 3.24%2 | $180.76 |
| Personal Line of Credit (FlexPlus) | 7.74%3 | $209.97 |
| Personal Line of Credit (Flex) | 9.24%4 | $217.37 |
| Savings Secured Loan | 4.00%5 | $184.17 |
| Accurate as of 07/12/2021 | ||
Unsecured Loans
| Term | Rate | Loan Amount | Monthly Payment |
|---|---|---|---|
| 24 Months | 5.99% | $10,000 | $441.00 |
| 36 Months | 6.49% | $10,000 | $304.82 |
| 48 Months | 6.99% | $10,000 | $238.05 |
| 60 Months | 7.99% | $10,000 | $201.39 |
| 72 Months | 8.99% | $10,000 | $178.88 |
| 84 Months | 9.99% | $10,000 | $164.60 |
| Accurate as of 07/12/2021 | |||
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.
Learn More About Personal Loans
Related Blog Posts
Struggling to Pay Down That Credit Card? Consolidate With a Personal Loan
Revolving credit card debt is costly. Learn how a Connexus Personal Loan can help you save big on interest costs and pay down debt faster.
Debunking Common Myths About Personal Loans
Personal loans are often misunderstood. Many people have doubts that may prevent them from reaping the benefits of a personal loan.
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.
Available Loan Features
FAQs: You Asked. We Answered.
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.
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.
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.
Yes, debt protection is available for all Personal Loans and Lines of Credit. See more info about our coverages or start a claim now.
Disclosures
See our Fee Schedule for a list of fees you may encounter.
* Accurate as of: . Source: Datatrac.
1 APR=Annual Percentage Rate. Rates are effective as of 07/12/2021 and are subject to change. Minimum loan amount is $5,000. Maximum loan amount is $25,000. Individual rates and terms may vary and include all eligible discounts. Certain restrictions may apply. Not valid on tuition expenses and interest is not tax deductible. Loans currently financed with Connexus Credit Union are not eligible.
2 Loan amount minimum is $2,500; loan amount maximum is $25,000.
3 Rates adjust monthly based on prime plus a margin and applies to the entire outstanding balance. Finance charge begins to accrue on the day the advance is made on the line. Maximum rate is 18.00% APR. Payments are calculated on 2% of the outstanding balance. Loan amount minimum is $5,000; loan amount maximum is $25,000. Certain fees may apply, please refer to the Fee Schedule for more details.
4 Rates adjust quarterly based on prime plus a margin and applies to the entire outstanding balance. Finance charge begins to accrue on the day the advance is made on the line. Maximum rate is 18.00% APR. Payments are calculated on 2% of the outstanding balance. Loan amount minimum is $3,000; loan amount maximum is $15,000. Certain fees may apply, please refer to the Fee Schedule for more details.
5 APY = Annual Percentage Yield. Rate is fixed and is based on 4% over the current account APY. No minimum loan amount; maximum loan amount of $100,000.
6 National average credit card interest rate is 16.17% APR. Source: Dilworth, K. (2021, June 30). CreditCards.com.
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