Loans (US)
Schools First Federal Credit Union Personal Loans review: no collateral required
Check out the Schools First Federal Credit Union Personal Loans review and learn how you can borrow up to $50,000 to consolidate debt, deal with an emergency, or even buy an RV!
Schools First Federal Credit Union Personal Loans: up to $50,000 with low rates
This Schools First Federal Credit Union review will show that they offer affordable and flexible financial products, including personal loans. You may enjoy joining this Credit Union to access many possibilities.
How to apply for the Schools First loans?
Check out how the Schools First Federal Credit Union Personal Loans application works and learn how to borrow up to $50,000 for whatever!
The range includes checking & savings accounts, credit cards, investment & retirement options, insurance, and a whole package of loan types, including personal, auto, and home loans.
Today, we will review personal loans from Schools First Federal Credit Union.
APR | From 6.75% to 18% |
Loan Purpose | Personal |
Loan Amounts | From $100 to $50,000 |
Credit Needed | Fair |
Terms | Up to 60 months |
Origination Fee | Not disclosed |
Late Fee | Not disclosed |
Early Payoff Penalty | None |
Then, keep reading to learn how getting a loan with Schools First Federal Credit Union works!
How does the Schools First Federal Credit Union Personal Loans work?
As mentioned above, Schools First Federal Credit Union offers a wide range of financial products, and today we will focus on personal loans.
The amounts range from $100 to $50,000, and you can use the money you borrow to cover several purposes, including debt consolidation, emergencies, and big-purchase financing.
Also, the terms are flexible, and you can pay the loan back in up to 60 months. All you must do is choose a term that fits your budget.
Furthermore, the APR is reasonable and starts as low as 6.75%. On the other hand, it can go up to 18%.
It is important to mention that you can get the lowest APR, but you must make payments through automatic transfers from your Schools First Federal Credit Union checking or savings account.
In addition, although there aren’t application, funding, or prepayment fees, origination and late fees may apply.
Qualifying for a personal loan is quite easy and fast. However, you must have your Schools First FCU account open and in good standing.
Plus, your credit will be checked, although you don’t need to have perfect credit to apply.
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Schools First Federal Credit Union Personal Loans benefits
Schools First Federal Credit Union Personal Loans offer great amounts with reasonable terms and affordable rates.
Compared to the market, this lender might be a fantastic opportunity for you to get the money you need for whatever you want.
However, the best conditions only apply to those who have Schools First FCU accounts in good standing and reliable creditworthiness.
Pros
- Schools First FCU offers amounts ranging from $100 to $50,000;
- You can choose the term that better fits your budget, up to 60 months;
- The rate starts as low as 6.75%;
- It doesn’t charge application, funding, or prepayment fees.
Cons
- You must have a Schools First FCU account to access lower rates;
- It doesn’t offer prequalification.
How good does your credit score need to be?
You don’t need a perfect credit score to apply for a loan through Schools First FCU. Actually, it considers fair credit in the application.
However, the higher score you have, the better your chances to get approved.
How to apply for Schools First Federal Credit Union Personal Loans?
Now, if you are interested in borrowing up to $50,000 for whatever you need to cover, with flexible terms and affordable rates, learn how the Schools First Federal Credit Union Personal Loans application works.
How to apply for the Schools First Federal Credit?
Schools First Federal Credit Union Personal Loans offers up to 60 months. Check out how to apply!
About the author / Aline Augusto
Reviewed by / Aline Barbosa
Senior Editor
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