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  • Personal Loans & Lines of Credit 2017-12-26T09:35:07+00:00

    Personal Loans
    Relax, a Personal Loan Can Help With Holiday Credit Card Debt

    Biweekly Payments for a $5,000 Personal Loan Are Under $508

    Call 800.845.5025

    How a Personal Loan Can Help With Holiday Credit Card Debt

    It’s okay to have credit card debt. You’re not alone — 38.1% of U.S households have some form of it9. A smart way to handle that debt is with a Personal Loan. The example below shows how much you could save if you had $5,000 of credit card debt.

    Connexus Personal Loan8
    $783.12 Interest60 Months
    to pay off8
    Average Credit Card8
    $3,824.90 Interest182 Months
    to pay off8
    Savings With a Personal Loan8$3,041.78

    Why Use a Personal Loan to Pay Off Credit Card Debt?

    • Affordable Payments
    • Faster Payoff Time
    • More Savings

    Use promo code POSTHOLIDAY to get a Personal Loan rate as low as 5.88% APR8.

    Apply Online, Over the Phone, or at Any Branch in 5 minutes.

    Call 800.845.5025

    Lowest Available Rates
    Accurate as of 12/26/2017

    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)

    8.99% APR3
    (variable)

    Personal Line of Credit (Flex)

    10.49% 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).

    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.

    Figure Out Your Monthly Payment

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

    Learn More About Personal Loans

    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. 8.99% APR is our lowest available rate as of 12/26/2017. 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. 10.49% APR is our lowest available rate as of 12/26/2017. 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.

    8 APR = Annual Percentage Rate. Comparison is based using the average national credit card rate of 16.14% APR as of 10/5/17 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 16.14% APR with minimum monthly payments of 3% of the balance takes 182 months and $8,824.90 to pay off. Personal Loan is based on a $5,000 loan, 60 month term, 5.88% APR and monthly payments of $96.39 with $5,783.12 to pay off. The difference between $8,824.90 and $5,783.12 is $3,041.78. Enter promotion code POSTHOLIDAY in the application process for the lowest available rate of 5.88% APR. Borrow $5,000 at 5.88% APR for 60 monthly payments of $96.39 or $19.28 per $1,000 borrowed, or 120 biweekly payments of $48.20 or $9.64 per $1,000 borrowed. Minimum loan amount $5,000, 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. Standard non-promotional rates begin at 8.99% APR. 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. Offer valid 12/26/17 to 2/18/18.

    9 Source: “Average Credit Card Debit in America: 2017 Facts & Figures” published by Value Penguin. https://www.valuepenguin.com/average-credit-card-debt