How Do Personal Loans Impact Your Credit?
Personal loans can help build credit with a positive payment history and a reduced credit utilization ratio.
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Money for What’s Next
Big plans? Unexpected expenses? Whatever’s next, we make it easy to get the money you need with fixed rates, consistent monthly payments, fast approvalsSame-Day Funding: Final approval and credit decision timing may vary if additional documents are requested as part of the verification process. 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. , and no application fee.
Payment examples shown are based on the loan amounts, terms, and APR listed above. Actual loan amount, term, payment, and APR may vary based on creditworthiness and other factors.Personal Loan: Rate effective as of September 28, 2026 ranging from 6.99% to 18.00% APR, with terms between 12 and 84 months. The APR is determined by various factors within Arkansas Federal’s custom scoring model, including, but not limited to, credit score, credit history, income, and debt-to-income. You must have a minimum household annual income of $25,000, be over 18 years of age, and have a valid U.S. Social Security Number to be considered for an Arkansas Federal personal loan. Loan approval is subject to confirmation that your income, debt-to-income ratio, credit history, and application information meet all requirements. For debt consolidation, even with a lower interest rate or monthly payment, paying debt over a longer period may result in paying more interest. An Arkansas Federal personal loan is intended for personal use. It cannot be used to pay for post-secondary education, a secured loan, or directly pay off an Arkansas Federal credit card. Membership with Arkansas Federal is required.
One loan. Endless possibilities.
Use a personal loan for unexpected expenses, debt consolidation, and more.
Holiday Help
Cover gifts, travel, and gatherings with one simple monthly payment.
Pay Bills
Cover unexpected expenses or monthly bills with one predictable payment.
Debt Consolidation
Roll credit cards and bills into one payment with a clear payoff plan.
Payments on a 12-Month Loan
Curious what monthly payments look like on a 12-month personal loan? Here are a few examples.
| Loan Amt. | APRPersonal Loan: Rate effective as of September 28, 2026 ranging from 6.99% to 18.00% APR, with terms between 12 and 84 months. The APR is determined by various factors within Arkansas Federal’s custom scoring model, including, but not limited to, credit score, credit history, income, and debt-to-income. You must have a minimum household annual income of $25,000, be over 18 years of age, and have a valid U.S. Social Security Number to be considered for an Arkansas Federal personal loan. Loan approval is subject to confirmation that your income, debt-to-income ratio, credit history, and application information meet all requirements. For debt consolidation, even with a lower interest rate or monthly payment, paying debt over a longer period may result in paying more interest. An Arkansas Federal personal loan is intended for personal use. It cannot be used to pay for post-secondary education, a secured loan, or directly pay off an Arkansas Federal credit card. Membership with Arkansas Federal is required. | Estimated Monthly Payment3 |
|---|---|---|
| $1,000 | 6.99% | $86 |
| $2,500 | 6.99% | $216 |
| $3,000 | 6.99% | $259 |
| $5,000 | 6.99% | $432 |
Looking to Borrow More or Lower Your Payment?
| Loan Amt. | Term | APRPersonal Loan: Rate effective as of September 28, 2026 ranging from 6.99% to 18.00% APR, with terms between 12 and 84 months. The APR is determined by various factors within Arkansas Federal’s custom scoring model, including, but not limited to, credit score, credit history, income, and debt-to-income. You must have a minimum household annual income of $25,000, be over 18 years of age, and have a valid U.S. Social Security Number to be considered for an Arkansas Federal personal loan. Loan approval is subject to confirmation that your income, debt-to-income ratio, credit history, and application information meet all requirements. For debt consolidation, even with a lower interest rate or monthly payment, paying debt over a longer period may result in paying more interest. An Arkansas Federal personal loan is intended for personal use. It cannot be used to pay for post-secondary education, a secured loan, or directly pay off an Arkansas Federal credit card. Membership with Arkansas Federal is required. | Monthly Payment3 |
|---|---|---|---|
| $5,000 | 24 months | 9.39% | $229 |
| 36 months | 10.39% | $162 | |
| 48 months | 11.39% | $130 | |
| 60 months | 12.39% | $112 | |
| $10,000 | 24 months | 9.39% | $458 |
| 36 months | 10.39% | $324 | |
| 48 months | 11.39% | $260 | |
| 60 months | 12.39% | $224 | |
| 72 months | 13.39% | $202 | |
| $20,000 | 24 months | 9.39% | $917 |
| 36 months | 10.39% | $649 | |
| 48 months | 11.39% | $520 | |
| 60 months | 12.39% | $448 | |
| 72 months | 13.39% | $405 | |
| 84 months | 14.39% | $379 |
Benefits You’ll Love
Fast Approval
Apply online and get approved quickly, with funds available in just hours.Same-Day Funding: Final approval and credit decision timing may vary if additional documents are requested as part of the verification process. 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.
No Application Fees
No hidden costs here. You’ll never pay an application or origination fee.
Affordable Payments
With a fixed rate, your monthly payment stays the same each month.
Personal Loans, Explained
See how a personal loan works and how it could help you cover what’s next.
Yes, you can bank here.
If you live or work in Arkansas, you can bank with us. It’s that simple. There’s no government or military affiliation required.
Frequently Asked Questions
What is a personal loan used for?
Just about anything! From consolidating credit card debt and paying bills to covering big purchases, like vacations or weddings, and even unexpected expenses.
How fast can I get the money?
Pretty fast. Once you apply and are approved, funds are usually available the same day in just a few hours.Same-Day Funding: Final approval and credit decision timing may vary if additional documents are requested as part of the verification process. 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.
Is there really no fee to apply?
That’s right. We don’t charge application or origination fees.
How much can I borrow?
The amount you can borrow depends on a few things, like your credit history, income, and current debts. When you apply, we’ll review your full picture and let you know what amount you qualify for and what fits your budget.
Will my rate always stay the same?
Yes! Your loan comes with a fixed rate, so your monthly payment never changes—making it easy to budget.
Can I pay off my loan early?
Absolutely. And there’s no penalty if you do.
Is a personal loan better than a credit card?
It depends on your situation, but personal loans provide a lump sum dollar amount with fixed interest rates. That means your payments are the same every month with a set payoff date. Credit cards are revolving with variable interest rate. Monthly payments can vary, and there is not a set payoff date. Arkansas Federal is here to help you decide which one is right for you.
Do personal loans affect my credit score?
Yes, but in a positive way if managed well. A personal loan can help you build credit by adding installment history to your credit mix. Just remember that on-time payments are key.
