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Personal Loans & Lines of Credit2022-10-03T07:30:44-05:00
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Personal Loans

We offer a better way to borrow.

Consolidate debt or cover expenses with this smart option.

Apply now

Have questions?

Save $ By choosing Connexus*

Our Rates

As Low As % APR for
or 8.49% on 24 MO

National Average

  % APR for

Big Savings

You Can Save $* Over the Life of Your Loan

Lowest available Personal Loan rates

Personal Loan and Line of Credit Rates
TypeAPR1 As Low AsMonthly Payment
Secured5.24%2$150.39
Personal Line of Credit (FlexPlus)11.49%3$200.00
Personal Line of Credit (Flex)12.99%4$200.00
Savings Secured Loan4.25%5$217.68
Accurate as of 11/28/2022

Unsecured Personal Loans

Unsecured Personal Loan Rates
TermAPR1 As Low AsLoan AmountMonthly Payment
24 Months8.49%$10,000$454.51
36 Months8.74%$10,000$316.79
48 Months9.24%$10,000$249.99
60 Months10.74%$10,000$216.13
72 Months12.49%$10,000$198.06
84 Months12.99%$10,000$181.87
Accurate as of 11/28/2022

Calculators

Secured and Unsecured Personal Loan rates include a 1% discount when registered for Digital Banking and subscribed to eStatements, and a 1% discount for auto-paying electronically. Only the most creditworthy applicants qualify for the lowest rates and longest loan terms. Personal Lines of Credit and Savings Secured Loans are excluded from rate discounts.

Why use a Personal Loan?

Versatile, budget-friendly funds

Cover virtually any upcoming or unexpected expenses including home repairs, medical expenses, weddings, vacations, and more. Or, consolidate high-interest credit card debt into one manageable monthly payment.

Fixed, low rates & affordable payments

With rates as low as 8.49% APR1, Personal Loans offer considerable interest savings over credit cards. Plus, you’ll get a fixed monthly payment that works for your budget.

Rate and term options that work for you

With rates ranging from 8.49% APR to 18.49% APR1, terms as long as 84 months, and amounts up to $50,000, you can find the rate, term, and amount that meets your specific 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.

Apply now
woman smiling

Brenda

Pennsylvania

“With a sudden expense occurring and having to use a 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.”

Benefits of credit card consolidation

Ready to ditch that credit card debt? Use a Personal Loan to consolidate.

With such a difference between Personal Loan rates and credit card rates, consolidating could save you thousands. In fact, the lowest available APR for a Connexus Personal Loan is 8.49%1, while the national average credit card APR is 16.98%6.

Watch this short video to learn more about how consolidation helps.

Learn more about Personal Loans

Related blog posts

5 Smart Uses for a Personal Loan

Did you know that personal loans are one of the most flexible, affordable options for borrowing funds? They offer lower interest rates than credit cards, and they can cover nearly every expense. This post will look at five scenarios where a Connexus Personal Loan makes sense.

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.

Apply now

Available loan features

Debt protection

We offer life, disability, and involuntary unemployment coverage. See more information.

Start a claim now

FAQs: You Asked. We Answered.

What will my rate be?2022-06-22T08:44:32-05:00

Personal loan rates range from 8.49% APR to 18.49% APR. Your rate is determined by many factors, including application information, credit history, and selected loan term and amount.

Can I pay off my loan quicker than the payment schedule?2022-08-08T16:03:47-05:00

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?2021-11-03T13:21:00-05:00

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?2021-11-03T13:24:55-05:00

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 I protect myself with Life, Disability, and Unemployment coverages on my loan?2021-10-15T15:10:20-05:00

Yes, debt protection is available for all Personal Loans and Lines of Credit. See more info about our coverages or start a claim now.

Can’t find what you’re looking for? Ask us!2022-09-13T11:10:15-05:00

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    Disclosures

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

    *  Accurate as of:  . Source: Datatrac.

    1 APR=Annual Percentage Rate. Unsecured rates range from 8.49% APR to 18.49% APR and are effective as of 11/28/2022. Rates are subject to change. Minimum loan amount is $1,000. Maximum loan amount is $50,000. Individual rates and terms may vary based on application information, credit history, and selected loan term and amount and include all eligible discounts. Only the most creditworthy applicants qualify for the lowest rates and longest loan terms. 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 $1,000; loan amount maximum is $50,000. Payment of $150.39 is based on a loan amount of $5,000 and a 36-month term.

    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. Payment of $200.00 is based on a loan amount of $10,000. Loan amount minimum is $5,000; loan amount maximum is $25,000. Only the most creditworthy applicants qualify for the lowest rates. 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. Payment of $200.00 is based on a loan amount of $10,000. 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 Rate is fixed and is based on 4% over the current savings account APY (Annual Percentage Yield). No minimum loan amount; maximum loan amount of $100,000. Payment of $217.68 is based on $5,000 borrowed for 24 months.

    6 National average credit card interest rate is 16.78% APR. Source: Dilworth, K. (2022, June 15). CreditCards.com.