Affordable rates reduce your borrowing costs

When people or businesses borrow money, it's almost always for an important purchase, purpose or project. By keeping loan rates as competitive as possible, we reduce interest charges and leave our members with more to spend on things that matter to them.

Rates Effective 2022-07-01

Personal and secured loans are great for life’s unexpected expenses. They can also be used for a bit of fun like a weekend get-away or an antique table you can’t live without. Enjoy competitive rates and flexible terms on any Purdue Federal personal or secured Loan.

Additional my member perks discounts may apply

Get up to 60 basis points off your qualifying rate on an auto loan, recreational vehicle loan or personal loan through My Member Perks.

What you need to apply for a personal loan:

  • Verifiable income
  • Unexpired government-issued ID
  • Social security number
  • Loan amount
  • Primary savings amount

Apply for a Loan

Loan Type Rate Type APR starting at* Term/Details
Personal Fixed 11.99% Up to 60 months
Secured (Savings) Variable Maximum Savings Rate + 2% Up to 84 months
Secured (Share Certificate) Fixed Certificate Rate + 2% Up to 84 months or term of certificate
Collateralized Fixed 9.74% Up to 60 months

*These rates show Bronze Status through the My Member Perks program. See My Member Perks for details.

We have loans available for any type of new or used automobile or recreational vehicle including motorcycles and boats. 

We offer competitive rates and flexible terms. Plus, loan payments can be deducted automatically each month from your Purdue Federal checking or savings account.

Get pre-approved before you head to a car lot. Focus on negotiating the best price for your vehicle, not the amount of your monthly payments.

What you need to get pre-approved for an auto loan:

  • Verifiable income
  • Unexpired government-issued ID
  • Social security number
  • Amount you wish to finance
  • Primary savings account

What you need to apply for an auto loan:

  • Verifiable income
  • Unexpired government-issued ID
  • Social security number
  • Amount you wish to finance
  • Bill of sale
  • VIN number
  • Mileage
  • Primary savings account

Additional my member perks discounts may apply

Get up to .60% off your qualifying rate on an auto loan, recreational vehicle loan or personal loan through My Member Perks.

Apply for a Vehicle Loan

Loan Type Rate Type APR starting at* Term/Details
Vehicles 2021 and Newer Fixed 3.59% 24-60 months
Vehicles 2021 and Newer Fixed 3.59% 61-72 months
Vehicle Model Years 2019-2020 Fixed 3.84% 24-60 months
Vehicle Model Years 2019-2020 Fixed 3.84% 61-72 months
Vehicle Model Years 2017-2018 Fixed 4.04% 24-60 months
Vehicle Model Years 2012-2016 Fixed 4.34% 24-48 months
Recreational Vehicles 2010 & Newer (Titled) ($0 - $34,999) Fixed 5.89% Up to 60 months
Recreational Vehicles 2010 & Newer (Titled) (over $35,000 for up to 15 years) Fixed 6.89% Up to 15 years
Recreational Vehicles (Untitled) Fixed 11.14% Up to 60 months
Motorcycles (Titled) Model Years 2010 - 2020 Fixed 6.99% Up to 60 months
Motorcycles (Titled) Model Years 2021 & Newer Fixed 6.74% Up to 60 months
Motorcycles (Titled) Model Years 2021 & Newer Fixed 6.74% 61-66 months
Motorcycles (Titled) Model Years 2021 & Newer Fixed 6.74% Up to 72 months

*These rates show Bronze Status through the My Member Perks program. See My Member Perks for details.

Our Purdue Federal Rewards Visa cards let you show your hometown pride with exclusive Purdue University themed card designs.

Purdue Federal also offers a generous Cash Rewards program. Every time you use your card, you earn valuable bonus points redeemable for cash back! 

What you need to apply for a Visa credit card:

  • Verifiable income
  • Primary savings account
  • Unexpired government-issued ID

Apply for a Visa Credit Card

Loan Type Rate Type Introductory APR* APR* Term/Details
Traditional Fixed 1.9% 13.5% - 17.5% Credit Limit: minimum of $1,000
Signature Fixed 0% 13.5% - 17.5% Credit Limit: minimum of $10,000

Put the equity in your home to work for you with a Home Equity Loan from Purdue Federal. Use the available equity in your home for new windows, new carpet, a new vehicle, or for your child’s educational expenses.

Even if you home loan is with another institution, Purdue Federal can finance your home improvements.

What you need to apply for a home equity loan or line of credit:

  • Verifiable income
  • Unexpired government-issued ID
  • Social security number
  • Loan amount
  • Estimated value of your home
  • Primary savings account

Apply for a Home Equity Loan

Loan Type Rate Type APR starting at* Term/LTV Details
Home Equity Loan Fixed 5.25% 5 years
Home Equity Loan Fixed 5.50% 7 years
Home Equity Loan Fixed 5.75% 10 Year
Home Equity Loan Fixed 6.00% 15 years
Home Equity Loan Fixed 6.75% 20 years
Home Equity Line of Credit* Variable 6.00% 0-80% LTV
FHA Home Improvement Loan Fixed 6.25% 5 years
FHA Home Improvement Loan Fixed 6.75% 10 years
FHA Home Improvement Loan Fixed 7.00% 15 years

*Interest-only options are available.

Purdue Federal Mortgage Services has a long history of connecting people in our community with their dream of owning a home. Unlike companies that “sell” your mortgage, we make a long-term commitment to be there for you for the life of the loan. Our team of mortgage specialists take a personal approach to helping you with great rates and superior member service.

We finance mortgages in almost any state. Let Purdue Federal be your local lender no matter what state your neighborhood is in. Plus our online pre-approval process takes just 20 minutes. Whether you are at home, at your real estate agent’s office or anywhere with Internet access you can complete your application and print a pre-approval letter in about 20 minutes.

Click here to view our current mortgage loan rates or begin the application process.

Purdue Federal Credit Union serves members worldwide and operates branches throughout Greater Lafayette, Crown Point and La Porte, Indiana.

View all disclosures of our My Member Perks program here.
3 Subject to credit approval. Other terms and conditions may apply. Membership eligibility required.

APR = Annual Percentage Rate
LTV = Loan to Value
All rates are subject to change daily.