Save $ By Choosing Connexus*
Lowest Available Rates
|Type||APR1 As Low As||Monthly Payment|
|Personal Line of Credit (FlexPlus)||9.99%3||$211.19|
|Personal Line of Credit (Flex)||11.49%4||$218.62|
|Savings Secured Loan||4.00%5||$184.17|
|Accurate as of 7/8/2019|
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.
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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.
- 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.
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.
See our Fee Schedule for a list of fees you may encounter.
1 APR= Annual Percentage Rate. Rates are effective as of 7/8/2019 and are subject to change. Payments calculated on a loan amount of $10,000 and a term of 60 months. 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.
**To qualify for the lowest available rate of 7.99% APR enter promotion code LOWRATE between 7/8/2019 to 9/15/2019. Rate includes all available discounts. Minimum loan amount is $5,000. Maximum loan amount is $25,000. Certain restrictions may apply. Offer does not apply to Personal Loans currently financed at Connexus Credit Union.