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Personal Loans

We offer a variety of unsecured and secured Personal Loan options to help members obtain the funds they need in an easy and flexible manner.

We offer low-rate, fixed-term personal loans to help you with whatever direction life may take you.  With an unsecured, personal loan you can borrow up to $15,000, with terms up to 60 months, for a variety of  reasons including:

  • Debt consolidation 
  • Home improvement and repair
  • Medical and dental expenses
  • Travel
  • Holiday spending

Receive a 0.25% Loan Loyalty discount off our current rates if you have a HEFCU loan in good standing and/or a HEFCU loan paid within the past 18 months

Choice Credit Disability and Credit Life Insurance coverage is available.

 

A share secured personal loan can be a great way to build credit history or make a large purchase without dipping into your savings. With a share secured loan, you borrow against funds you have on hold in a savings account and receive a low, fixed-rate loan while still earning interest on your deposit. The loan amount is only limited by the amount of funds on deposit that you will pledge for the loan.

You can pay back the loan at any time without penalty.

A 0.25% Loan Loyalty discount is available for members with with a HEFCU loan in good standing and/or a HEFCU loan paid within the past 18 months

Our Credit Builder Loan was designed for members looking to build, or re-establish, positive credit history.  This loan is ideal for those who have little to no credit history and are looking to build a positive credit score, as well as those who need help in improving their credit history and score.

Funds are borrowed against deposits you have on hold in a HEFCU Savings account. As the loan is paid, your monthly payments will be reported to the Credit Bureau; establishing positive credit history.  Once the loan is paid off, the loan proceeds will be released from hold.

  • Loan amounts of $500, $750, or $1,000 are available
  • Borrow for a 6 or 12-month term (to help establish credit, we encourage you to keep the loan open for 12 months)
  • Payments will be made by HEFCU directly from the funds in a frozen HEFCU Savings account
  • Member must be in good standing with accrued interest (maximum of $35) available in their Savings account
  • Apply and close the same day, with electronic closings available

Apply online or call the Loan Department at (800) 624-3312, option 3, for further details.

There is a $10.00 fee per applicant, which is waived upon funding of an approved loan

  • Auto Loan

    as low as
    4.00
    %
    APR*
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  • Credit Card

    as low as
    8.99
    %
    APR*
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  • Home Equity Loans

    as low as
    4.49
    %
    APR*
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  • Share Secured Loan

    as low as
    4.75
    %
    APR*
    Calculate