Why get a personal loan at Democracy FCU?
Personal loans are among the most popular loan payment options available. They’re based on a fixed repayment period in which the bank or lender calls for fixed monthly payments. Payments are also unsecured, meaning there’s no collateral or down payment required. Monthly versions often require a suitable credit score to ensure you’re an optimal candidate. If you do qualify, the loan can range as low as $1,000 to more than $50,000. One of the most important aspects to consider is the APR or interest rate. Democracy FCU offers Personal Line of Credit Rates with a $30,000 maximum and an APR based on the variable rate of Wall Street Prime plus 6%. This rate will never fall below 10% or exceed 18%. Note an increase in the Wall Street Prime index will result in higher monthly payments. Payments are variable, with a 2.5% range depending on current balances.
Democracy FCU is your go-to financial institution for personal loan payments. Our loan services are perfect for anyone who needs them, especially students and young adults. If you’re looking for a personal student loan, call us today. We tailor our loans to your financial needs. They can range between $100 to $40,000 for up to 84 months of payment. Democracy FCU is the leading member- owned financial credit union in Washington, DC, Northern Virginia, and Maryland. We strive to build community relations and provide the best credit services for those who need them. Contact us today to learn more! You can call us on our service line or fill out our online contact form. Our team of expert financial advisers is here to help in any way we can!