A personal loan is just that – personal! This means that you can use a personal loan for anything you desire.

Many people think that personal loans are only used for large immediate purchases such as getting a new washing machine, but you can use your loan for a variety of things.

There are so many uses for a personal loan that many do not consider such as:

  • Holiday costs
  • Vacation costs
  • Furniture
  • Vehicle repairs
  • Parties (sweet 16, graduation, etc.)
  • Emergencies
  • Pet costs
  • Medical bill
  • Weddings
  • Etc.

What is my Eligibility for a Personal Loan?

Before applying for a personal loan, it is essential that you determine how much you may need. Personal loans are not free money so you will have to pay it back. Sometimes, the amount you may borrow through a personal loan may be significantly less than what you may borrow from other loans. The exact amount that you can borrow depends on creditworthiness/

Apply now!

Despite your reason for needing a loan, a personal loan may be a great option for you.

Credit Union of Richmond offers personal loans at a great rate.

*If you bring in your current personal loan from another financial institution, you may receive up to 1% less than your existing rate and we will add $25 into your savings account. (See Personal Loan Refinance)

If you are ready to take out a personal loan, call, click or stop by Credit Union of Richmond today. We have competitive rates that allow qualifying members to have a convenient and affordable way to borrow money.

*Rates and loan approval are based on creditworthiness and our internal credit criteria. Not all borrowers will qualify.  Minimum or maximum loan amounts and credit limits apply. Restrictions apply, all offers, and rates are subject to change without further notice. Credit cards, automobile, RV, and mortgage loans are excluded from this offering. Recaptured personal loan rates (refinanced from another lender) will range from 5.99%-18% APR. To qualify for up to 1% less than your current rate you must provide supporting documentation. We will match the remaining term of your loan not to exceed 84 months.  Regardless of discounts or promotions, 5.99% APR is our minimum rate offered for personal loans. If the loan is not considered a recapture, then our standard rates apply which range from 7.74% to 18%. Payment example: A loan of $5,000 for 36 months has a payment of $153 at 5.99% APR. Another payment example: A loan of $5,000 for 36 months has a payment of $183 at 18% APR.

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