Personal loans are, well, personal!
Sometimes an expense comes up that you just don’t have the money to pay for. A personal loan may help.
- No prepayment penalties
- No application fees
- Great for remodels, vacations, weddings, oil and more
- Secured personal loans available to help you build credit
Personal Loan Rates
Interest rates below apply to unsecured loans for the purposes of Debt Consolidation, Vacation, Single Payment Notes, Computer etc. Overdraft provides protection from checking overdrafts and related charges.
Click here to view our Personal Loan Special with rates as low as 2.49*APR!
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Rates are effective 08/11/2020 and subject to change without notice. Loans for less than $7,500 have a maximum term of 48 months and loans greater than $7,500 have a maximum term of 60 months. APR = Annual Percentage Rate. Fees, amount financed and actual term may affect the actual APR and rate of your loan. SVCU loans are done using risk-based pricing to determine the interest rate and are based on the borrower's term and creditworthiness. All rates and loans are subject to credit approval. Other terms and rates may be available. Contact an SVCU loan officer for more information.
60 month term : $10,000 at 60 months at 6.99% interest rate = 59 payments of $198.48 per month with a final payment of $198.12 includes a $25 document fee; 7.09% APR and $19.85 per $1,000 borrowed.
Credit Builder Loan
The Credit Builder loan provides funds for a shared secured loan to build or rebuild credit.
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*Credit Builder Loan provides funds for shared secured loan to help build or rebuild credit. Rates are effective 4/1/2019 and subject to change without notice. APR = Annual Percentage Rate. Fees, amount financed and actual term may affect the actual APR and rate of your loan. SVCU loans are done using risk-based pricing to determine the interest rate and are based on the borrowers term and credit worthiness. All rates and loans are subject to credit approval. Other terms and rates may be available. Contact an SVCU loan officer for more information.
24 month term : $2,000 at 24 months at 12.99% interest rate = 23 payments of $96.32 per month with a final payment of $96.10 includes a $25 document fee; 14.24%APR and $48.16 per $1,000 borrowed.
Frequently Asked Questions
What It’s Like When Your Credit Union Cares
We are here to listen to your goals, needs, and struggles and then make recommendations for you that won’t break the bank!
Banking should be easy! With three branches and online and mobile apps, we try to make banking easy and convenient for you.
Sometimes life throws us a curve-ball and we need help. Saco Valley is your financial family. We want to help and will often have the tough conversations needed to help you get through a tough time.