A Personal Loan from Oregon State Credit Union is an affordable way to pay for a variety of planned purchases or finance unexpected emergency costs.
Uses include: pay taxes or supplement a tax refund; finance moving expenses; buy appliances or home remodel furnishings; pay for braces, vacations, weddings, or home repairs.
Why choose a Personal Loan?
It's flexible, based on credit history of the borrower, unlike a collateral secured option, such as a car or home loan.
It can be a good alternative to other types of loans such as Payday or high-interest credit cards.
Benefits of a Personal Loan:
See below for competitive rates details. Discounts include:
Rate discount for automatic payment transfers
Additional rate discounts for Enhanced or Premier Member Merits categories
Provides extra cash for a wide variety of planned and unplanned personal expenses.
Repayment terms ranging from 12-60 months
Borrow between $250-$75,000, based on credit qualifications
No application fee or early prepayment penalty
Apply for an Personal Loan
|Loan type||APR (Low)*||APR (High)||Repayment terms|
|Personal Loan||8.24%||17.99%||12-36 months|
|Personal Loan||13.49%||17.99%||37-60 months|
|Payday Advance||18.00%||18.00%||Up to 30 Days|
|Personal Line of Credit (PLOC)**||7.00%||15.75%||$25 or 2.50% of the total balance, whichever is greater.|
* APR (Low) indicates the lowest annual percentage rate you may qualify for on the loan. The loan interest rates shown in the table are reflective of a range of rates available. All loans are subject to approval. You may qualify for the lowest rates published depending upon your credit qualification, the amount financed, receiving a 0.25% APR reduction by maintaining an automatic loan payment each month and 0.25% APR reduction for qualifying for the Premier Member Merits category. The Member Merits rate discounts are subject to change.
The following examples illustrate the expected monthly loan payments for members who qualify for the prime rate, premier member merit status and enroll in automatic monthly payments:
** Personal line of credit is not eligible for the Member Merits or automatic payment decrease in APR. The Periodic Rate and corresponding Annual Percentage Rate for the Personal Line of Credit loan is calculated by adding a graduated margin (the margin is based on a risk based pricing tier) to the month end Prime Rate for the previous calendar month as published by the Federal Reserve. The Annual Percentage Rate will never be more than 18% or the maximum rate allowed by applicable law.