Holiday Hours
Democracy FCU will be closed Monday, May 28, 2018 in observance of Memorial Day. You can conveniently manage your finances 24/7 with online and mobile banking.

Personal Loans

Our personal signature loans and lines of credit are available when you need it – for whatever life throws your way. Plus, our discounts for Member Loyalty and our New Members help you save even more!

Apply Online for a
Personal Loan/LOC

Estimate Your Personal Loan Payments

Personal Loans and Lines of Credit

Personal Loans

Receive one lump sum and pay it back in fixed monthly payments. Enjoy: 

  • Loan amounts from $100 to $30,000
  • Fixed monthly payments
  • Flexible terms up to 72 months

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Personal Lines of Credit

An unsecured loan that makes cash available when you need it most. Here's how it works:  

  • Get preapproved for a maximum line of credit amount
  • You’ll receive Line of Credit checks you can use instantly to draw on your credit line
  • Transfer funds from your line of credit to your checking account through Online Banking 

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Overdraft Protection Line of Credit

This is a line of credit that protects your checking account from overdrafts.

  • Credit limits up to $2500 available for qualified members
  • Avoid late fees and negative credit reporting
  • Low monthly payments

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Signature, Personal, Lifestyle & Holiday Loan Rates

Table data for Personal Loan Rates
 Rates effective 05-27-2018
Term Loan Amount APR1 Maximum APR Monthly Payment per $1,000 Estimate Your Payment Alert Me
Up to 72 months $100 to $30,000 As low as 8.49% 18.00% $17.53 Estimate Your Payment
  • 1Annual Percentage Rate. The Signature rates above include discounts for direct deposit of net check (pay, Social Security, retirement); or a minimum of $2,500 in unencumbered shares in the Credit Union and discounts under the Member Loyalty Program. Total rate discounts cannot exceed 1.50%. Rates, terms, and conditions vary based on credit worthiness and other qualifications and are subject to change. Payment examples do not include debt protection coverage.↵

Personal Line of Credit Rates

Table data for Personal Line of Credit Rates
 Effective 05-27-2018
APR (as low as)1 Amount Estimate Your Payments Alert Me
Variable Rate of Wall Street Prime + 6% (10.50%) $30,000 maximum Estimate Your Payment
  • 1The ANNUAL PERCENTAGE RATE (APR) will change on the 1st day of each quarter (January, April, July, and October) based on the interest rate Index. The Index is the Prime Rate published in the Wall Street Journal on the last day of each quarter plus a margin of 6%. The APR will never be more than 18.00% or the maximum rate allowed by NCUA, whichever is less. Any increase in the annual percentage rate as a result of an increase in the Index will result in higher payments.Your monthly payment for a variable rate line of credit balances will be 2% of the outstanding balances, however, your minimum payments will never be less than $10.00.↵

Share Draft Overdraft Rates

Table data for Share Draft Overdraft Rates
 Effective 05-27-2018
APR (as low as) Amount Comments Alert Me
17.50% Up to $2,500 Monthly payment will be $15 for each $500 or fraction of $500 of your loan balance.