Personal loans and lines of credit
Benefits of personal loans and lines of credit
With a UCU personal loan or line of credit, you'll be on your way to financial freedom. A personal loan or line of credit offers the convenience of having funds readily available for various needs, whether it's covering the cost of home renovations or a vacation, helping build an emergency fund, or consolidating existing debt.
- Pay interest only on what you use. Pay a low APR* on your monthly balance -- and if you don't use your personal line of credit, it won't cost you a dime.
- There are no restrictions on using your personal loan or line of credit.
- Easy access to your money with digital banking.
- Competitive variable and fixed APR.
- Up to 0.50% APR discount on personal loans -- 0.25% when you sign up for auto pay1 and 0.25% for repeat borrowers.2
- Repayment term options are available on personal loans.
Personal loans
Secure extra funds with an Unsecured Personal Loan
Unsecured Personal Loans
Security, freedom, and funding
Secured Personal Loan
Shrink your debt payments immediately
Consolidation Loans
Convenient, revolving purchasing power
Personal Line of Credit
Frequently asked questions
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- How does a personal line of credit differ from a personal loan?
A personal line of creditClick to personal line of credit is like a credit cardClick to credit card with revolving credit. You can use the available funds as you pay down your balance, and you'll only pay interest on the funds you use. Your monthly payment and interest will vary depending on how much you use.
A personal loan is a contract with a fixed interest rate in your monthly payment. It involves receiving a lump sum and repaying it in set monthly payments throughout the loan.
- How does a personal line of credit differ from a personal loan?
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- Will a personal line of credit help improve my credit score? Making monthly payments to a personal line of credit at UCU is an excellent way to build your credit score. Ensure you are at least making the minimum payment on time each month.
- Will a personal line of credit help improve my credit score?
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- How is interest calculated on a personal line of credit? You will pay interest on the balance of your account at the end of each billing cycle on your personal line of credit with UCU. You will not incur interest or a monthly payment if you do not have a balance.
- How is interest calculated on a personal line of credit?
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- How can I use my personal loan from University Credit Union? A personal loan with UCU is flexible; you can use it for anything, including vacation funds, home improvements, consolidating debt, and more!
- How can I use my personal loan from University Credit Union?
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- When can I access the funds from my personal loan? Once you have received approval from UCU, your funds will be available in your checking account or by check. You can also access your funds, monitor payments, and view balances within UCU’s digital banking.
- When can I access the funds from my personal loan?
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- What are the interest rates for a personal loan with University Credit Union?
Personal loan rates at UCU are expressed as APR. The APR you receive will depend on your credit score. The term you choose can also affect the rate. Learn more about our current ratesClick to current rates.
- What are the interest rates for a personal loan with University Credit Union?
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- How can I determine my monthly personal loan payment? Your monthly personal loan payment with UCU will depend on your loan amount, APR, and loan term. Short-term loans result in a higher monthly payment, while longer-term loans result in a lower monthly payment (but you often pay more interest over the life of the loan). Once you have finalized your loan details, your monthly payment will remain unchanged until the loan is paid.
- How can I determine my monthly personal loan payment?
Latest resources
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University Credit Union offers membership to employees, students and alumni of UCLA, Pepperdine University, Loyola Marymount University, Santa Clara University, Saint Mary's College, UC Irvine, UC Davis, UC San Diego, Georgia Tech, University of Texas at Arlington, Abilene Christian University, Mount St. Mary's University, Chabot College and Las Positas College, West Coast Conference Universities, Western Athletic Conference Universities, and other universities throughout California. UCU offers a variety of products and services including checking accounts, credit cards, home mortgages, auto loans, personal loans, commercial loans, insurance, investments, as well as digital banking.
*APR = Annual Percentage Rate. Rates are based on an evaluation of credit history and other factors specific to your loan (such as loan term, loan amount, as applicable) and may be higher than the lowest rates advertised.
1Rate with Automatic Payment from a University Checking Account may be discounted by 0.25% APR as long as the rate does not fall below 9.49%. Credit Cards, HELOCs, and mortgages are excluded.
2Repeat Borrower discount of 0.25%.