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 are available to help you build credit
- Loans subject to credit approval
Questions? Call 207-282-6169 or text our consumer lending team at 207-602-4302!
Personal Loan Rates
Interest rates below apply to unsecured loans for the purposes of Debt Consolidation, Vacation, Single Payment Notes, Computer etc.
| Rates as low as* | APR as low as* | Minimum Loan Amount | Maximum Loan Amount |
|---|---|---|---|
| 9.99% | 10.10% | $100 | $10,000 |
| Rates are effective 06/24/2024 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. Payment Example: 60 month term : $10,000 at 60 months at 9.99% interest rate = 59 payments of $212.99 per month with a final payment of $212.35 includes a $25 document fee; 10.10% APR and $21.30 per $1,000 borrowed. |
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Credit Builder Loan
The Credit Builder loan provides funds for a shared secured loan to build or rebuild credit.
| Minimum Loan Amount | Maximum Loan Amount | Maximum Term | Rate* | APR* |
|---|---|---|---|---|
| $500.00 | $2,000.00 | 24 Months | 12.99% | 14.24% |
| *Credit Builder Loan provides funds for shared secured loan to help build or rebuild credit. Rates are effective 11/01/2023 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. Payment Example: 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. |
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Teen Credit Builder Loan
The Teen Credit Builder loan provides funds for a shared secured loan to build credit for 16 & 17 years old’s with a co-signer.
| Minimum Loan Amount | Maximum Loan Amount | Maximum Term | Rate* | APR* |
|---|---|---|---|---|
| $500.00 | $2,000.00 | 24 Months | 3.99% | 5.20% |
Frequently Asked Questions
Should I get a personal loan or a credit card?
It depends! Are you looking for an open line of credit that you can access whenever you need access to money? If so, you may want to consider a credit card. If you have a one-time expense that you need to cover, a personal loan may be a better option. We are here to help you determine which one is best for you - give us a call at 207-282-6169 to discuss!
What are your personal loan rates?
Personal loan rates can be found here.
What can I use a personal loan for?
