Personal loans
Get a personal loan with flexible financing and competitive rates for all your expected and unexpected needs. Flexible 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. Whatever the need, have the cash to handle an emergency, cover your next big purchase or make a dream come true. There’s no fee to apply.
Benefits of a personal loan
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Money-saving options include:
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Rate discount for automatic payment transfers
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Additional rate discounts for Enhanced or Premier Member Merits categories
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Flexible terms up to 60 months
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Borrow between $250-$75,000, based on credit qualifications
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No application fee or early prepayment penalty
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Fixed rates and set monthly payments. Learn more: What is a personal loan?
Loan type | APR (Low)* | APR (High) | Repayment terms |
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Choose a branch to apply for a loan || Call 541-714-4000 | |||
Personal Loan | 12.49% | 19.99% | Up to 36 months |
Personal Loan | 16.74% | 20.24% | 37-60 months |
Payday Advance | 27.00% | 27.00% | Up to 30 Days |
Savings-secured loans:
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Certificate-secured loans:
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About these Personal Loan rates* APR (Low) indicates the lowest annual percentage rate you may qualify for on the loan. The annual percentage 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. Payment examplesThe 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:
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Why choose a personal loan?
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It's flexible, based on credit history of the borrower, unlike a collateral secured option, such as a car or home loan.
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It can be a good alternative to other types of loans such as Payday or high-interest credit cards.
What is a personal loan?
An Oregon State Credit Union personal loan is an unsecured loan with a fixed interest rate that you pay back in fixed monthly payments over a set period of time, called a term.
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Loans can be either secured or unsecured.
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A secured loan is one where the debt is backed by some sort of collateral.
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An unsecured loan is debt that is not backed by collateral.
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Loans come with fixed interest rates or variable rates.
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A credit card is an example of a variable rate loan. The interest you pay will fluctuate over time because it is based on a benchmark or index interest rate that changes periodically.
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A personal loan has a fixed rate, meaning the interest rate is locked in when you close the loan and will not change during the term of the loan. The monthly payment on a personal loan will be the same each month. That’s called a fixed payment. For other loans, like a credit card, you might pay a different amount every month.
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The term of the loan.
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When you close on your personal loan, you agree to pay it off in equal payments for an agreed upon number of months. This is called the term of the loan.
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A personal loan from Oregon State Credit Union has no pre payment penalties, so you can always pay your loan faster by making larger monthly payments; however, you must pay at least the minimum payment each month and have the entire loan paid off by the end of the loan’s term.
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