Borrow Wisely with a Personal Loan

Ready to replace your living room furniture, buy new appliances or go on vacation? Instead of charging big purchases on a credit card, you may want to consider other options, like a personal loan from BFCU.

 Personal loans frequently offer lower interest rates than credit cards or credit card cash advances. You can use a personal loan for expenses, such as:

• Consolidating debt from credit cards, student loans or auto loans.
• Paying for unexpected medical bills or car repairs if your emergency fund is low or if you don’t have one.
• Home improvement projects like a bathroom or kitchen remodel or installing energy-efficient windows.
• Covering the cost of a wedding or vacation.

How they work

Personal loans are unsecured loans, which means you don’t need collateral, such as a house, vehicle or another asset to borrow money. BFCU will consider factors such as your income, credit score and any other outstanding debts you owe when offering you a loan amount, interest rate and repayment terms. They’re a convenient way to access funds – whether you need a relatively small amount, say $1,000, or much more. You’ll make fixed payments with terms from 12 months to 60 months.

Apply now!

To learn more about personal loans or to apply online.