Personal Loans
Find financing to enhance your life with a personal loan
When you need money for an emergency, to make a purchase or consolidate debt, a personal loan from Educational Systems Federal Credit Union can help.* Explore personal loan options and details.
Secured Personal Loans
Use money in your Educational Systems Federal Credit Union savings account or certificate account as collateral to get a great interest rate. Choose from a Share Secured or Certificate Secured Loan.
Unsecured Personal Loans
We offer personal loans with a fixed interest rate and term as well as a personal line of credit to cover your financial needs.
Secured Personal Loan Rates
| Loan Type | Term | APR |
|---|---|---|
| Share Secured Loan | 120 months | Share Rate +3.00% |
| Certificate Secured Loan | Remaining Certificate Term | Certificate Rate +3.00% |
Unsecured Personal Loan Rates
| Loan Type | Minimum Loan Amount | Term | APR | Monthly Payment Per $1,000 | Rate As Low As | Maximum APR |
|---|---|---|---|---|---|---|
| Personal Loan | $1,000 | 36 months | 7.99% | $31.34 | 7.99% | 14.49% |
| Personal Loan | $10,000 | 48 months | 8.99% | $24.89 | 8.99% | 15.49% |
| Personal Loan | $20,000 | 60 months | 9.99% | $21.261 | 9.99% | 16.49% |
| Personal Loan | $30,000 | 72 months | 10.99% | $19.04 | 10.99% | 17.49% |
| Personal Loan | $40,000 | 84 months | 12.99% | $18.20 | 12.99% | 18.00% |
| Line of Credit | - | Varies | 12.90% | $30.002 | 12.90% | 12.90% |
APR=Annual Percentage Rate. Applications are subject to credit approval, and actual rate is based on your credit. All rates are subject to change without prior notice. Unsecured personal loans have repayment terms from 12 to 84 months. The 84-month repayment term is available for the maximum loan amount of $40,000.
1 Monthly payment example: A loan of $10,000 financed for 60 months will be $21.26 x 10 = $212.60 per month; your loan will have a total cost of $12,756.00 ($212.60 x 60). The sample payments do not include or payment protection.
2 Monthly payment example: The loan payment for a Line of Credit advance is calculated at $30 per $1,000 dollars advanced. A Line of Credit advance in the amount of $10,000 will be 10 x $30 = $300 per month. If no additional advances were added, the loan will have an approximate term of 42 months with an approximate total cost of $12,475.70. The sample payments do not include or payment protection.
Make the most out of your money and life's moments.
- Save money for life experiences
- Becoming a financial couple
- Prepare for big-ticket expenses
- Build wealth early, enjoy retirement later
- Simplify your money, ease your mind
- Take that step toward financial independence
Frequently Asked Questions
You may mail your loan payment, pay online by transferring funds from a checking/savings account (please note that you must be set up for Digital Banking), or you may pay in person at any of our branch offices. In addition, you may set up a debit from another bank account or create a distribution from a direct deposit or payroll deduction.
* Applications are subject to credit qualifications and approval. Actual rate is based on your credit history. Must meet membership eligibility requirements.