Make the things you want the ones you can afford! Discover personal loans from Diversfield Credit Union that allow you to get the amount of up to $50,000 to cover any of your personal needs. We take care of each member and offer competitive products at a fixed interest rate on any occasion. Members can make a monthly payment by direct payment, payroll deduction, automatic payments, online banking, in person, or by mail.
How Do Personal Loans Work?
A personal loan is a cash advance created to cover your long-term personal needs. Loan amounts range from $1,000 to $50,000 and allow you to repay them in fixed monthly payments within the loan terms. Personal loans feature repayment terms from 12 to 60 months. Thus, you don’t have to worry about paying the money off in one lump sum. We’re here to make your lending experience stress-free and offer you the most favorable loan terms.
Unlike secured loans, an unsecured personal loan from Diversfield CU doesn’t require collateral backing. Your signature is enough to get loan proceeds in your bank account. We don’t add any origination fees or additional charges to the principal loan amount. Everything we do is filled with love and care for our members.
What Can I Use a Personal Loan for?
Use your personal loan funds to cover any financial needs you may face. You can also use a cash advance as a debt consolidation loan to combine all your existing debt into one. It can help you manage your finances more efficiently and save money on an interest rate. Here are some other common examples of using personal cash advances:
- Cover credit card debt;
- Pay for your medical bills;
- Consolidate debt;
- Cover utilities;
- Pa for repair works;
- Finance vacation;
- Make a major purchase;
- Cover your daily needs.
Note: Please, compare the rates when choosing debt consolidation loans to make sure your new loan has lower interest. At Diversfield CU, we’re always ready to offer you affordable products.
Benefits of Personal Loans
Personal loans typically combine the best of what the lending market can offer. If you meet our document and minimum credit score requirements, you’re welcome to get a personal loan and discover all the advantages of borrowing money from Diversfield CU. We offer:
- Flexible loan term;
- An unsecured loan with no collateral required;
- No loan origination fee or prepayment penalty;
- Competitive interest rates;
- A maximum and minimum loan amount that meets the needs of each client.
Personal Loan Eligibility Details
You’re welcome to borrow money from Diversfield CU if you meet the following eligibility criteria:
- Reach at least the age of 18;
- Be a permanent resident or a legal citizen of the US;
- Have a savings or checking account in Diversfield CU;
- Have a good or excellent credit history;
- Provide us with your employment status, income verification, bank statements, and other documents.
Please, note that credit unions or other personal loan lenders typically have a minimum credit score requirement. Thus, the actual loan terms, the loan amount, and the personal loan rates that members can get from Diversfield CU depend on their credit scores, credit usage, debt-to-income ratio, and overall creditworthiness. The most creditworthy applicants qualify for a fixed-rate loan with the longest terms. Diversfield CU performs credit checks through major credit reporting bureaus that may affect your credit report details. Borrowers with bad credit may be offered secured loan options to get credit approval.
If you don’t fulfill your debt payment obligations, late fees will be assessed.
How to Apply for a Loan With Diversfield CU?
You’re welcome to apply for personal loans online or in person. Pre-application with a soft credit inquiry is also available. Follow these steps to apply for unsecured loans from Diversfield CU:
- Gather all the required documents;
- Fill out a loan request form;
- Wait for loan approval;
- If approved, sign a loan agreement;
- Access the funds in your checking account by the end of the next business day.
© 2022 Diversified Credit Union. All Rights Reserved. NMLS #674056
Diversified’s Routing number is 291074748