Personal Loans are loans without collateral, meaning they are not tied to personal property.
Unlike with a traditional secured loan, if a borrower defaults on a personal loan then the creditor will not seize an automobile, home or other personal property as payment. In a secured loan, a borrower would sign contracts tying the loan to an asset.
- Duration: 3 months to 5 years
- Amount: $500 to $15,000 (An eligible co-signer/co-maker is required for all loans greaterthan $10,000)
- Defer payments for up to 6 months
- Interest rates (APR) starting at 5.97%*
- No prepayment penalty
*Interest rates as of 03/18/22. Interest rates are subject to change.
