Personal Loans
Personal Loans at Filer Credit Union are all about what YOU need, they are to fill those gaps that you personally need.
What are Personal Loans?
We can break personal loans down into two different categories, secured and unsecured. Both are personal loans and can be used for what you need, however there are differences that can impact the loan you are looking for.
Secured Personal Loans
Secured Personal Loans are referred as secured due to being backed by collateral. Collateral can be a number of items such as vehicles, property, savings accounts, and more. These items provide us, Filer Credit Union with a backing to know you are good for the loan that you need, this can help with lowering your interest rates or even allowing the loan amount to be higher. Ultimately due to less risk for you and us they provide greater flexibility.
Unsecured Personal Loans
Unsecured Personal Loans are referred as unsecured being based upon your word and your creditworthiness. These loans can create higher risk and heavily depends on your credit score as well as income. Interest rates are typically shifted higher and loan amounts are lower. There are benefits to unsecured loans though! These loans are highly flexible and you don’t risk losing collateralized assets, approval times can be faster too.
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We do loans on ALL KINDS of things. Maybe you actually have some savings, but for whatever reason, you’re just not ready to spend it. You can use that savings as collateral on a new loan. The advantage? You get a much better rate than you would have if you had just done a typical unsecured loan.
Unsecured Personal Loans
Cash for whatever you may need it for. The terms and structures vary, but getting your money is as simple as signing on the dotted line.
Qualified loan amounts ranger from $500-$20,000
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Auto / Personal Loan Rates
| Loan Type | Rates as low as | Terms & Information |
|---|---|---|
| NEW & USED AUTO UP TO 36 MO » | 5.99% | GREAT RATE, GREAT TERM! |
| NEW & USED AUTO UP TO 60 MO » | 6.49% | THE PERFECT TERM! NOT TOO LONG, NOT TOO SHORT! |
| RECREATIONAL VEHICLES » | 7.5% | TIME TO PLAY? MOTORCYCLES, CAMPERS, BOATS & MORE! LET'S GO! |
| 1ST TIME CAR BUYER LOAN » | 8.6% | NO CREDIT? NO PROBLEM! SEE LOAN OFFICER FOR MORE DETAIL |
| SIGNATURE (UNSECURED) LOAN » | 11% | TIME TO CONSOLIDATE? VEHICLE REPAIRS? WEDDING TO PAY FOR? |
| VISA » | 9.88% | GREAT RATE FOR PURCHASES & BALANCE TRANSFERS |
| HOLIDAY LOAN » | 8.99% | UP TO $3000 FOR YOUR HOLIDAY SHOPPING! |
Ready for a Personal Loan?
Quick Cash Loans
Too, too, too many people are turning to Payday lending and Check Cashing outlets to meet their short term money needs. Those loans are NOT in your best interest. If Payday lenders were required to advertise their effective APRs, consumers would see that they are often paying interest rates of literally 700%. That’s not a typo.
Enter Filer Credit Union. No more Payday lenders. No more Cash Advance. If you have a short term cash need, come to Filer and get a no-questions asked, no credit pulled loan for $500. We’ll even give you 3 months to pay it back, and we will NOT charge you 700%
Consolidation Loans
If you feel like you just have WAY too many loans, we might be able to help. You might be able to consolidate them into one loan to simplify your monthly bills and save a little extra money.
Experiencing Financial Difficulty?
If you are experiencing a financial difficulty that may last more than 1 month we encourage you to speak to our collection department for help.