Skip to main content

Somerset Federal Credit Union

Breadcrumb page navigation

Personal Loan

With a Personal Loan, you can receive money for just about anything! Whether you are planning a wedding, want to take a dream vacation or need to make a large purchase, we can provide the financing you need.

Features:

  • Get an answer in less than one hour (during normal business hours)
  • Use for any purpose
  • No collateral required
  • Helps you establish credit history
  • Helps first time borrowers learn about financing options
  • Rates are based on your credit score - the better your credit score, the lower your rate
  • Credit Life and Disability insurance available
  • Flexible terms available

Upon approval you will need to open an account with the Credit Union and maintain a $5 minimum balance in the account for the life of the loan.

Rates/Terms are subject to change without notice.

Rates based on direct payment from SFCU checking or savings account. Add .25% for non-direct payment.

Minimum loan amount is $250 and maximum amount is $30,000.