Personal Loans

Features

• Approved loan amount is based on income and current unsecured debt.
• Annual Percentage Rate* is determined by evaluation of applicant's credit.
• Loan can be refinanced at any time.
• Competitive fixed rates based on credit history.
• Open to PFCU members age 16 or older. (Members under 18 require a co-applicant.)

* APR = Annual Percentage Rate. Rate reflects all possible discounts. This is the credit union’s best rate. The available terms are subject to change without notice. For each $1,000 borrowed at 9.99% APR over a term of 60 months, pay approximately $20.04 a month. Rate and approved loan amount may vary depending on each borrower’s credit history/eligibility, underwriting criteria and market conditions. Offer of credit is subject to credit approval.

Features

• Annual Percentage Rate* is determined by evaluation of applicant's credit
• Minimum payment is $20 or 2.94% of the balance, whichever is greater.
• Open to PFCU members age 16 or older.(Members under 18 require a co-applicant.)

* APR = Annual Percentage Rate. Rate reflects all possible discounts. This is the credit union’s best rate. The available terms are subject to change without notice. Your monthly payment will be 2.94% of your outstanding balance, including principle and unpaid interest, or $20, whichever is greater. We will begin charging interest on the transaction date. Rate and approved loan amount may vary depending on each borrower’s credit history/eligibility, underwriting criteria and market conditions. Offer of credit is subject to credit approval. Maximum loan amount is $15,000. Consult a tax advisor regarding the deductibility of interest.

Features

• No credit qualifications.
• The funds are deposited into your savings account or certificate and used as collateral for the loan. They are frozen until the loan is paid off.
• Maximum loan term is 18 months
• Credit Builder Loans are not available on IRA certificates, IRA Shares, or Checking accounts.
• Open to PFCU members age 16 or older (Members under 18 require a co-applicant).

Features

• If the loan is secured by a certificate, the loan term cannot exceed the certificate’s maturity date.
• Funds for the loan generally have to have been in your account for 15 days.
• Share Secured Loans are not available on IRA certificates, IRA Shares, or Checking accounts.
• Your savings remain intact throughout the term of the loan, and you will continue to receive dividends. As payments are made on the loan, funds are released in the savings account.
• Open to PFCU members age 18 or older.