A personal loan, sometimes also referred to as a Signature Loan, is a loan that can be used for many purposes. A Signature Loan is an unsecured personal loan, meaning it’s not secured by the equity in your home (such as in a home equity loan) or by some other personal property or asset (such as a car loan).
Consumers typically use a Signature Loan for purposes such as:
- Debt Consolidation
- Major Purchases
- Vacations, Holidays
- Unexpected expenses
- Home Improvements
Personal loans may be taken out individually or with a co-signer or co-borrower. Terms available up to 48 months with a minimum monthly payment of $50.00. Rates and terms vary. Contact a Loan Officer for details.
A Moneyline loan is an unsecured personal line of credit loan which can be used for many purposes as needed. Terms, rates and conditions vary so contact a Loan Officer for details.
Members may not have both a Moneyline and Overdraft Privilege on the same account, so consider your personal needs and habits when choosing which option makes the most sense for you. Available amounts vary from $5,000-$10,000 maximum.