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Give yourself financial breathing room, Special Personal Loan Rates as low as 6.90% APR*, Through March 31

   

If financial worries are adding to your stress lately, don’t miss this chance to give yourself a little breathing room with a Personal Loan.

A Personal Loan can be taken out for any reason – from quarantine puppy expenses to upgraded home office equipment. But it may be most impactful when used to alleviate financial stresses such as high-interest credit card debt, unexpected medical expenses, or a higher-than-expected tax bill.

With fixed rates and terms, you’ll know exactly how much your monthly payment is. And no need to worry about rate increases throwing your budget off track since your rate stays the same throughout the loan.

 

Special Personal Loan Rates as low as 6.90% APR*, Through March 31

 

Act by March 31 to take advantage of this special low rate!*

 

Personal loans

Our Personal Loans allow you to borrow a lump sum at a low fixed rate and pay it back over a set term.

  • Borrow up to $25,000*
  • Terms available from 12 to 60 months*

*Member must complete and submit a full loan application between February 1 and March 31, 2021. New accounts subject to application, credit qualification, and income verification. The minimum loan amount is $500. Annual Percentage Rate (APR) and maximum loan amount will be based on approved credit. Minimum gross monthly income of $1,000 required. Other restrictions may apply. Loan payment example: $19.75 per month per $1,000 borrowed at 6.90% APR for 60 months.

Account limits between $500 and $25,000. Your Annual Percentage Rate (APR) and account limit will depend upon your credit history and will be determined when a credit decision is made. Other restrictions may apply.


   

Personal lines of credit

Do you ever wish you had a revolving credit you could access instantly when you need it? A personal line of credit may be right for you.

Instead of borrowing one lump sum as a loan, a personal line of credit lets you borrow what you need, when you need it, only paying interest on what you take out. With a maximum limit set at the outset, you can borrow up to that amount at varying times. This is a great solution for those who want the peace of mind of an emergency fund without needing to borrow against their home or other assets.

Rate example: $21.23 per month per $1,000 borrowed at 9.90%1 APR2 for 60 months

A personal line of credit can help you: 

  • Access varying amount of funds for different purposes at different times
  • Secure quick access to funds for a later time

Advantages:

  • Flexibility to take out small sums periodically as opposed to one lump sum
  • Interest accrues only on what is used
  • Available credit limits between $500 and $25,0004
  • Monthly payments based on the balance of your loan instead of the maximum limit
  • No collateral requirement (property or other assets); eligibility based on creditworthiness5


How it works


Once approved, you can access your line of credit by writing a check or transferring funds from your line of credit to another account. There are three ways to transfer line of credit funds:

  1. Use Online Banking or Mobile Banking
  2. Stop by your local Spectrum Credit Union branch
  3. Give us a call at 800-782-8782 Monday through Friday, 5am to 9pm, and Saturday, 8am to 4pm Pacific Time. (For those outside the U.S., call 510-251-6000.)

Rates shown are "as low as." Rates are subject to change without notice.

Rates shown are "as low as." Rates are subject to change without notice.
APR = Annual Percentage Rate
3
 Member must complete and submit a full loan application. New accounts subject to application, credit qualification, and income verification. The minimum loan amount is $500. Annual Percentage Rate (APR) and maximum loan amount will be based on approved credit. Minimum gross monthly income of $1,000 required. Other restrictions may apply.
4 Annual Percentage Rate (APR) and account limit will depend upon your credit history and will be determined when a credit decision is made. Other restrictions may apply.
5 Member must complete and submit a full loan application. New accounts subject to application, credit qualification, and income verification. The minimum loan amount is $500. Annual Percentage Rate (APR) and maximum loan amount will be based on approved credit. Minimum gross monthly income of $1,000 required. Other restrictions may apply.


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