Personal Loans
- Cover unexpected expenses
- Secured and unsecured loans
- Competitive rates
Money to help you weather life's challenging moments
In a perfect world, everything is always sunshine and rainbows. In reality, we sometimes face out-of-the-blue expenses and cash-flow challenges. When that happens, an affordable Personal Loan from Purdue Federal can help keep your finances afloat until things look brighter again.
Loan features:
- Secured and unsecured loans available
- Competitive rates
- All loans locally serviced at Purdue Federal
- Ideal for consolidating higher-interest loans or credit card balances
- Funds also can be used for just about anything, including medical bills, wedding expenses or even well-earned family vacations
What you need to apply:
- Verifiable current income
- Unexpired government-issued ID
- Social Security Number
- Loan amount
Rates
| Loan Type | Rate Type | APR as low as*2 | Term/Details |
|---|---|---|---|
| Personal | Fixed | 10.90% | Up to 60 months |
| Secured (Savings) | Variable | Savings Rate + 2% | Up to 60 months |
| Secured (Share Certificate) | Fixed | Certificate Rate + 2% | Up to 60 months or term of certificate |
| Collateralized | Fixed | 9.79% | Up to 60 months |
Personal Loan Payment Example: Loan amount of $5,000 for 36 months at 12.40% APR will have a monthly payment of $167.03
Secured (Savings) Loan Payment Example: Share rate plus 2.00%. Loan amount of $5,000 at 2.10% APR for 24 months will have a monthly payment of $212.92. APR may increase after consummation.
Secured (Share Certificate) Loan Payment Example: Share Certificate rate plus 2.00%. Loan amount of $10,000 at 4.85% APR for 30 months will have a monthly payment of $354.62.
*Subject to approval. Lowest APR assumes excellent borrower credit history and Diamond Status My Member Perks tier. Rates are based on several factors including creditworthiness, loan type, terms, underwriting conditions, and collateral if applicable. Rates are subject to change without notice, your rate may be higher. See My Member Perks for details.
Purdue Federal Credit Union serves members worldwide and operates branches throughout Greater Lafayette, Crown Point and La Porte, Indiana.
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