How Do Personal Loans Impact Your Credit?
Personal loans offer numerous benefits, but before you start applying for loans, understand how they can impact your credit score.
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Personal Loans
as low as
8.99
%
APR
APR is Annual Percentage Rate. The 8.99% APR are for terms up to 36 months and 9.99% for terms up to 60 months and assumes a 740 or higher credit score. Some restrictions apply. Normal credit criteria apply for rate. Offer and rate subject to change without notice. Membership with Arkansas Federal Credit Union is required for this offer.
%
APR
Get the money you need within hours.Final approval and credit decision timing may vary if additional documents are requested as part of the verification process. The APR is determined based on credit score and history, as well as term. Funds are generally deposited the same business day via direct deposit to your Arkansas Federal account if verification is completed and final approval occurs before 3:00 PM on the days the credit union offices are open.
With competitive rates as low as 8.99% APR APR is Annual Percentage Rate. The 8.99% APR are for terms up to 36 months and 9.99% for terms up to 60 months and assumes a 740 or higher credit score. Some restrictions apply. Normal credit criteria apply for rate. Offer and rate subject to change without notice. Membership with Arkansas Federal Credit Union is required for this offer. for up to 36 months and loan limits up to $25,000, our personal loans get you the money you need faster and at a lower cost than most credit cards. Enjoy one upfront lump sum. Repay monthly with fixed, predictable payments.
Payment Examples
24 Month Term
| Loan Amount | APR1 | Est. Monthly Payment |
|---|---|---|
| $500 | 8.99% | $22 |
| $1,000 | 8.99% | $45 |
| $2,500 | 8.99% | $114 |
| $5,000 | 8.99% | $228 |
36 Month Term
| Loan Amount | APR1 | Est. Monthly Payment |
|---|---|---|
| $1,000 | 8.99% | $31 |
| $2,500 | 8.99% | $79 |
| $5,000 | 8.99% | $158 |
| $10,000 | 8.99% | $317 |
48 Month Term
| Loan Amount | APR1 | Est. Monthly Payment |
|---|---|---|
| $5,000 | 9.99% | $126 |
| $7,500 | 9.99% | $190 |
| $10,000 | 9.99% | $253 |
| $15,000 | 9.99% | $380 |
60 Month Term
| Loan Amount | APR1 | Est. Monthly Payment |
|---|---|---|
| $5,000 | 9.99% | $106 |
| $7,500 | 9.99% | $159 |
| $10,000 | 9.99% | $212 |
| $15,000 | 9.99% | $318 |
Competitive, Fixed Rates
Get the cash you need. No collateral is required.
Features & Benefits
Fast Approval
Once you apply online, you can get approved and have the money in your hands in hours.Final approval and credit decision timing may vary if additional documents are requested as part of the verification process. The APR is determined based on credit score and history, as well as term. Funds are generally deposited the same business day via direct deposit to your Arkansas Federal account if verification is completed and final approval occurs before 3:00 PM on the days the credit union offices are open.
$0 Application Fee
Our personal loans have no fees attached. You only pay interest. No application or origination fee.
Affordable Payments
A fixed-rate means you’ll have the same affordable monthly payment – no surprises!
Frequently Asked Questions
What is a Personal Loan Used for?
It can be used for whatever you want—consolidate high-interest debt, fund a major purchase, or hit the beach. The possibilities are endless.
What is a Personal Loan from a Credit Union?
Members with monthly take-home pay of $500 or more can find out their eligibility for a Personal Loan by going through the application process. Borrowing power is based on personal financial history, credit score, and current income.
How will a Personal Loan Impact my Credit Score?
A Personal Loan can actually give you a credit boost since you’re paying off your high-interest debt with a stable, fixed-rate loan. Your on-time payments will be reported to the credit bureaus, which overtime can increase your credit score.*
