Option 1: Unsecured Personal Loan
Best for:
- Fixed expenses
- Debt consolidation
- Large purchases
- One-time borrowing
Features
- Borrow a lump sum
- Fixed monthly payments
- Fixed payoff timeline
- Predictable budgeting
Option 2: Personal Line of Credit
Best for:
- Emergencies
- Ongoing expenses
- Unexpected costs
- Flexible access to funds
Features
- Borrow only what you need
- Reuse funds as you repay
- Revolving balance
- Flexible borrowing access
Which Option Is Right For Me?
| If you want to.. | Better option |
|---|---|
| Consolidate debt into one payment | Personal Loan |
| Cover emergency expenses over time | Line of Credit |
| Have fixed monthly payments | Personal Loan |
| Access funds repeatedly when needed | Line of Credit |
| Finance a specific purchase | Personal Loan |
| Keep a financial safety net available | Line of Credit |
Why Borrow With APCU?
- Competitive rates
- Local lending decisions
- Flexible terms
- Fast application process
- Personalized member service
- No giant-bank runaround
Personal Loan Requirements
All of the following are required:
- Completed loan application
- Experian credit report – $10.00 fee
- Verification of income
- Debt-to-income ratio
- Based on credit status
Ready to Get Started?
Take control of your finances with a simple, flexible loan designed for real life.
*APR = Annual Percentage Rate. Rates as low as 7.0% APR are based on creditworthiness and may vary. Final rate is determined by credit profile and other underwriting factors. Not all applicants will qualify for the lowest rate. Maximum loan total is $24,000.00.
**Must be a member in good standing to apply.