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Personal Loans

A personal loan is there to help you pay for things you may not have the cash for, such as a vacation, educational expenses, or home repairs. In addition, a personal loan can also be a great solution for consolidating high interest debt and paying it down with a lower interest loan.

What to expect:

  • Rates as low as 7.00% APR
  • Fixed payments that never change
  • Terms up to 36 months
  • No prepayment penalties – pay off when you’re ready
  • No collateral required (with approved credit)

7-11 Loan

A “7-11 Loan” is an unsecured personal loan that allows you to borrow up to $2,500 at 7.00% APR for up to 11 months. Everyone approved can take advantage of this super-low interest rate! You can use a 7-11 loan to pay for a variety of expenses, including:

  • Vacations
  • Holidays
  • Home Repairs
  • Debt Consolidation
  • School Tuition
  • Medical Expenses

To apply, simply choose ‘Personal Loan’ under Type of Loan Requested, and choose the purpose of the loan in the drop-down menu. If 11 months doesn’t work for you, other terms may also be available with approved credit.

Personal Line of Credit (PLC)

A personal line of credit is an unsecured, pre-approved revolving loan that gives you easy access to funds. Advances can be used for anything from taxes to car repairs to home improvements.

A PLC can also provide free overdraft protection for your checking account by automatically transferring money to your account if your balance falls below $0.

Best of all, there are no access fees or annual fees!

Share or Certificate Secured Loan

If you have poor credit or no credit, a share or certificate secured loan is a great way to rebuild your credit, maintain your savings, and borrow what you need. This is a secured (collateral) loan, because the funds you borrow are backed by your savings account.

What to expect:

  • The principal amount of the loan (the amount borrowed) must be held in your share (savings) account or a certificate. As you make payments on the principal, funds are released accordingly.
  • You can finance up to 100% of your available balance in savings.
  • Your share account or certificate will continue to earn dividends!
  • No credit history is required.
  • Secured by your regular (share) savings account.
  • Terms up to 60 months.
  • The rate is the current share rate (click here for rates) + 2% APR.*
  • Secured by your certificate.
  • Terms up to 1 year.
  • The rate is the current certificate rate (click here for rates) + 3% APR.*

*APR = Annual Percentage Rate.

Apply for a Loan Today!

Thank you for choosing Western Sun Federal Credit Union for your financial needs. Click the button below to apply for a loan.