Personal Loans And Lines Of Credit
Personal loan options built around your unique needs.
What Is A Personal Loan?
A Personal Loan is a type of loan that features a fixed rate, fixed term, fixed monthly payments and does not require collateral, like your car or home. A Personal Loan can be used for any reason. Typical uses include debt consolidation, unexpected expenses, large purchases and home improvements. Whatever your need may be, a Personal Loan is a great option.
Personal Loan Features:
- Competitive interest rates
- Credit limits up to $50,000
- A variety of fixed terms
- Fixed monthly payments
- No penalty for early payoff
- No application fee
Personal Line Of Credit
A Personal Line of Credit is a personal loan that is highly convenient and flexible. It allows you to borrow only the money you need when you need it – without having to reapply.
Personal Line of Credit features:
- Competitive interest rates
- Credit limits from $500 to $50,000 available
- No penalty for early payments
- Monthly payments based on balance used
- Online access to funds through CU Online
- Automatic transfer to your checking account in the event of an overdraft
- No annual fee
Share Secured Loan
A Share Secured Loan is a personal loan that uses the money in your savings account as collateral to secure your loan. A FORUM lending representative can discuss the best options to meet your needs.
- A Share Secured Loan helps you build credit by repaying the loan amount
- Allows the funds in your savings account to continue earning interest. (The funds in your savings account that are being used as collateral for the loan are not available for withdrawal until the loan is paid in full.)
- Share Secured Loan options and rates vary.
Interested In A Loan For A Motorcycle, Boat Or RV?
To see the detailed Personal Loan rate sheet and full disclosures, including rate information for Motorcycle, Boat, and RV Loans, click here.
A personal loan gives you a fixed amount with set monthly payments, while a line of credit lets you borrow only what you need, when you need it, giving you more flexibility over time.
Loan amounts vary based on your needs and qualifications, but personal loans can be used for both small or larger expenses depending on what works best for you.
A personal loan may help cover eligible expenses related to a move, home improvement project, wedding, medical need, or other major life event. The right option depends on your borrowing needs, credit history, budget, and ability to make the payments. Talk with a FORUM team member or visit a branch to explore your options.
You can apply for a personal loan online or contact FORUM to discuss your options. Contact us to learn more or get started.
Personal loan terms vary based on different factors. A FORUM team member can help you understand more about your individual financial goals. Contact us or visit a branch to discuss your borrowing needs and explore your options.