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Personal Loans
A starting point for new possibilities
Take control of moments big and small with fast, flexible options
Pay for moving expenses, health care costs, or even a memorable family trip. Our personal loan options can finance nearly any need not covered by our other loans. We specialize in understanding various UN contract terms, often enabling us to lend to more members at competitive rates.
Qualify easily and build credit
With a secured with deposit loan:
- If you have at least $500 in your savings or share certificate account, you are welcome to apply.
- Borrow up to 150% of the amount in your UNFCU savings or share certificate account.4 The balance will be used as collateral.
- Receive the borrowed amount directly.
- While you will not be able to access the money used as collateral, it will continue to earn dividends.
Be ready for unexpected expenses
Members with a checking account can apply for a line of credit:
- Access the entire borrowed amount at any time, up to $25,000.1
- Automatically protect your checking account from overdrafts.
- Replenish your line of credit with every payment.
- Pay interest and principal on only the amount that you use.
More benefits
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Apply for free
Apply online or in person with no application fee or origination fee.
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No fee for repaying early
There are no pre-payment penalties if you choose to pay back your loan before the end of your term.
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Earn extra dividends & fee rebates
Your loan balance with us contributes to your eligibility for Member Loyalty Rewards.
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Protect your loved ones
Your loan includes payment coverage in the event of your passing.
Compare personal loan options
|
Unsecured personal loan |
Secured with deposit loan |
Line of credit |
|
|---|---|---|---|
|
Loan amount |
Unsecured personal loan Up to $150,0001 |
Secured with deposit loan Up to 150% of the money in your UNFCU savings or share certificate accounts4 |
Line of credit Up to $25,0001 |
|
Rate |
Unsecured personal loan Fixed starting at 8.95% APR3 |
Secured with deposit loan Variable as low as Deposit Rate + 2.00%5 |
Line of credit Variable starting at 14.75% APR5 |
|
Term |
Unsecured personal loan Up to 15 years |
Secured with deposit loan 6 months to 12 years |
Line of credit N/A |
|
Collateral required |
Unsecured personal loan None |
Secured with deposit loan The money in your UNFCU savings or share certificate account |
Line of credit None |
|
Decision time |
Unsecured personal loan As little as four business days2 |
Secured with deposit loan As little as two business days2 |
Line of credit As little as four business days2 |
|
Application fee |
Unsecured personal loan $0.00 |
Secured with deposit loan $0.00 |
Line of credit $0.00 |
|
Pre-payment penalties |
Unsecured personal loan $0.00 |
Secured with deposit loan $0.00 |
Line of credit $0.00 |
|
Origination fee |
Unsecured personal loan $0.00 |
Secured with deposit loan $0.00 |
Line of credit $0.00 |
|
Disbursement time |
Unsecured personal loan |
Secured with deposit loan |
Line of credit |
|
Unsecured personal loan
|
Secured with deposit loan
|
Line of credit
|
|
|
Unsecured personal loan
|
Secured with deposit loan
|
Line of credit
|
|
|
Unsecured personal loan Enroll for a fee |
Secured with deposit loan Enroll for a fee |
Line of credit Enroll for a fee |
|
|
Consistent monthly payment amounts |
Unsecured personal loan
|
Secured with deposit loan
|
Line of credit Monthly payments depend on your use of the line of credit |
Check your eligibility
Repaying what you borrow should never be a struggle. We evaluate each loan request based on factors that can affect your ability to repay. View eligibility criteria.
All members with at least $500 in their UNFCU savings or share certificate account are eligible for a secured with deposit loan.
Apply for a personal loan
Complete your online application 24/7 from anywhere in the world.
Top personal loans FAQs
All UNFCU loans are in US dollars (USD).
Unsecured loans are not backed by collateral. This means there is no asset for the lender to claim if the borrower is unable to pay back the loan. Our unsecured personal loan is an example of an unsecured loan.
A secured loan requires an asset as collateral. For example, a mortgage is a secured loan. The home being purchased is used as collateral to secure the mortgage. In the event the home buyer is unable to repay the mortgage, the lender can claim the property.
For unsecured loans and secured auto loans, the term of your loan is one of several factors that determine the rate. The term of the loan does not impact the rate for a secured with deposit loan. For lines of credit, including credit cards, term is not applicable.
You can select your term as part of the application process. Loans with shorter terms usually have lower interest costs but higher monthly payments than loans with longer terms. Term options range from six to 180 months, depending on the loan. The loan officer who reviews your application may contact you to discuss a different term than the one you selected. This will be based on our assessment of how much you can afford to pay each month.
Please contact us as soon as possible to inform us of your future plans. If you receive a final entitlement, we may apply the full amount or a portion of it to cover the amount you owe. We will discuss your options with you.
We offer Credit Disability Debt Protection. If you become disabled and lose your income, you can continue making your UNFCU loan and credit card payments.
To receive this protection, the primary borrower must enroll for it. A fee of $0.15 per $100 will then be added to the outstanding loan balance. For example, if at the end of the month your loan balance is $5,000, a $7.50 fee will be added.
The application is quick and a physical exam is not required. Call or visit us in person to enroll.
Resources to help you get started
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Required documents for your loan application
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More ways to borrow
Browse loans for specific purposes, all designed for the UN community.