There are two choices when it comes to personal loans – unsecured (without any collateral or assets), and share-secured (when using existing share accounts to guarantee repayment)
Unsecured loan features:
- General loan – 30-month maximum term
- Vacation loan – Apr 1-Sep 30; 12-month maximum term
- Holiday loan – Oct 1-Mar 31; 12-month maximum term
- Open line of credit – continually borrow off of the approved limit with repayment based on a 30-month term
Share-Secured loan features:
If you need to establish credit or rebuild damaged credit, a share- or CD-secured loan can help.
You can qualify for a share-secured loan for any amount up to the available balance in your PFCU share (savings) account. Once you repay the loan, those funds are released back into your savings account.
This type of loan is good if:
-- You want to establish or rebuild your credit history
-- You want a lower interest rate than an unsecured loan
Other benefits are:
-- The funds that are on deposit continue to earn dividends.
-- You may borrow 100% of the available funds in your share account.
-- There are no pre-payment penalties.
-- We offer same-day-loan decisioning.
Visit our loan rates page for rates and terms.
Download and complete a loan application.
Call us with any questions.
Stop in to submit the application; remember to bring proof of income, too (pay stub, W2, tax return).