Unsecured Personal Loans
Personal Loans and Line of Credit options to help you cover extra expenses.
Loans and Lines of Credit that have you covered
Get the money you need with an unsecured personal loan
Pay for a vacation
Buy a new appliance or furnishings
Consolidate debt
Cover education expenses
Educational Systems Federal Credit Union has you covered with a Personal Loan or Line of Credit.*
Personal Loan
Borrow up to $40,000 for 36, 48 or 60 months with a fixed interest rate and fixed monthly loan payment.
Personal Line of Credit
Apply for a line of credit between $500 and $25,000. Our Line of Credit loans allow you to access money any time you need it. Your monthly Line of Credit payment is based only on the amount borrowed. This is also a great account to link to your checking account to provide overdraft coverage.
Unsecured Personal Loan Rates
| Loan Type | Minimum Loan Amount | Term | Monthly Payment Per $1,000 | APR As Low As | Maximum APR |
|---|---|---|---|---|---|
| Personal Loan | $1,000 | 36 months | $31.34 | 7.99% | 14.49% |
| Personal Loan | $10,000 | 48 months | $24.89 | 8.99% | 15.49% |
| Personal Loan | $20,000 | 60 months | $21.261 | 9.99% | 16.49% |
| Personal Loan | $30,000 | 72 months | $19.04 | 10.99% | 17.49% |
| Personal Loan | $40,000 | 84 months | $18.20 | 12.99% | 18.00% |
| Line of Credit | - | Varies | $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.
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.
Helpful Links
Get the money you need while enjoying our competitive interest rates.
Featured Resources
* Applications are subject to credit qualifications and approval. Actual rate is based on your credit history. Must meet membership eligibility requirements.