Unsecured Personal Loans
Personal loans. Personalized for you.
Are you dreaming of a home renovation, planning your dream vacation, or facing unexpected expenses? Maine Family FCU offers affordable unsecured personal loans that can help you get the cash you need with a loan tailored to your situation. Personal loans can be used for:
- Home Improvements
- Vacation
- Car Repairs
- Debt Consolidation
- Home Improvements
Personal Loan FAQs
What is an unsecured personal loan?
An unsecured loan is a type of loan that is not backed by collateral, such as a house or car. Instead, approval for an unsecured loan is based solely on your creditworthiness, income, and other factors determined by the lender. Since no collateral is involved, unsecured loans typically carry higher interest rates than secured loans.
What are the benefits of unsecured personal loans?
- No Collateral Required: Say goodbye to the stress of pledging assets. Unsecured loans provide you with the funds you need without tying them to your property or possessions.
- Faster Application Process: Unsecured loan applications are often quicker because they do not require collateral evaluation, allowing you to access funds swiftly when you need them most.
- Flexibility: Unsecured personal loans allow you to use the funds as you see fit, whether you’re consolidating debt, covering medical expenses, or making a major purchase.
Unsecured Personal Loan Rates
Effective 4/26/2024
Maximum Term | Rates As Low As | Payment Per $1,000 |
---|---|---|
5 Years | 12.00% APR* | $22.25 |
4 Years | 11.00% APR* | $25.86 |
3 Years | 10.00% APR* | $32.28 |
2 Years | 9.50% APR* | $45.92 |
1 Year | 9.00% APR* | $87.47 |
*Annual Percentage Rate based on a credit score of 785 and higher. Rates may vary depending on an individual’s credit score and are subject to underwriting factors and credit approval.