Personal Loans

Simple and Quick Application Process

Flexible Terms
up to 84 months

Repayment Options 
with Fee-Free Skip Payments

 

Compare our Unsecured Loan Rates!

Banks

0
Up to 36 months | % APR
LIRFCU

0
Up to 84 months | % APR

 

*
Average Rates

The following rates are the APR (Annual Percentage Rate) for unsecured loans, of up to 36 month terms, taken from the NCUA June 2017 Average Credit Union and Bank Rates Report. LIRFCU currently has two personal loan groups based on approval. These are (1) $5,000.00 max principle up to 36 month term, and (2) $12,000.00 max principle up to 84 months term. 

Details

   Up to $12,000.00 towards existing debt

   Up to an 84 Month Term

   As low as 8.99% APR

Current Personal Loan Rates

60 Months

8.99 %

APR

$20.76

Price per Thousand

72 Months

8.99 %

APR

$18.03

Price per Thousand

84 Months

8.99 %

APR

$16.09

Price per Thousand
More Terms Avaliable

12 Months

8.99 %

APR

$87.44

Price per Thousand

24 Months

8.99 %

APR

$45.68

Price per Thousand

36 Months

8.99 %

APR

$31.80

Price per Thousand

48 Months

8.99 %

APR

$24.89

Price per Thousand

APR=Annual Percentage Rate. Rates and terms are subject to change without notice. All offers of credit are subject to credit approval; applicants may be offered credit at higher rates and other terms.

Frequently Asked Questions:

What is an unsecured loan?
What is an Unsecured Loan?

No need to be alarmed! An unsecured loan simply means the loan is not collateralize. Mortgages, and Auto Loans have collateral, and are considered secure. A personal loan is given to you based on your credit worthiness, and doesn't need collateral, so it considered unsecured. 

Can I have multiple Personal Loans?
Can I have multiple Personal Loans?

Generally speaking, on an individuals account, there can only be one personal loan. However, there are no closing costs for refinancing the loan to increase your current balance, and the process for refinancing an existing personal loan is very simple. So if you are looking to take out additional funds but already have an existing personal loan, a refinance would be your best option.

Are my deposits insured?
Are there Prepayment Penalties?

No. We have no prepayment penalties on any of our Personal, Auto, Debt or Share-Secured loans. For example, if you pay the entire loan off after one month, you will only pay the interest that accrued over that period of time. 

 

Other Questions?

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Click to Learn More:

Auto Loans

LIRFCU offers a range of Automobile Loans:

  1. New & Used Purchase
  2. Private or Dealer Sales
  3. Lease Buyout & Refinances
  4. Equity Cash-Outs

 

Learn More

Auto Loans

Personal Loans

LIRFCU Whether for Vacation, Home Improvement, or Bills, our flexible personal loan program is perfect to get you the funds you need.  

Learn More

Personal Loans

Debt Consolidation

Save yourself the hassle and interest, consolidate your high interest cards and debts into one lower-interest easy-to-manage debt consolidation loan.

 

Learn More

Debt Consolidation

Mortgages

Our In-House mortgage programs provide you with a diverse options of home lending, from 1st Mortgages of up to 50 year terms, home equity loans, and short term investor mortgages.

Learn More

Mortgages

Share-Secured Loans

A Share-Secured Loan is a way to borrow against your own funds. Many choose this option to take advantage of a lower interest rate while still earning our high savings interest, or, to make sure they repay themselves. 

 

Learn More

Share-Secured Loans

Boat Loans

We are happy to offer Boat Loans to our members, and help them enjoy that aspect of being an Islander!

Learn More

Boat Loans