Personal Loans
Personal Loans with fixed payment terms for the life of your loan. Consolidating debt, replacing credit cards, or financing a large purchase? A Personal Loan from SCE FCU is a great way to get a loan based on your good credit.
Personal Lines of Credit (PLOC)
Similar to a credit card, you’ll have a set limit available. You pay interest only on the amount you use – and as your balance is repaid, your credit limit is restored. A PLOC is also great to set up as free overdraft protection for your checking account.
Signature Loans
Need money for something specific? You can use a signature loan for just about anything! Cover unexpected personal expenses, consolidate debt, take a dream vacation - all with one easy, low-rate signature loan. With a fixed term and low rate, a signature loan may be the perfect solution for larger purchases you need a little time to pay off.
Share-/Certificate-Secured Loans
Make your money work for you. With this loan, your funds on deposit act as your collateral. While these funds are pledged against your loan, they continue to earn interest as they ordinarily would. It’s the best of both worlds.
Basic Elements - Legal Text
Rate Table: Personal Loans
Personal Lines of Credit
| Term | APR10 | Daily Periodic Rate |
|---|---|---|
| Revolving | 12.25% - 18.00% | 0.033562% - 0.049315% |
Signature Loans
| Term | APR10 | Estimated Monthly Payment per $1,000 | Minimum Loan Amount |
|---|---|---|---|
| 1-2 Years | 7.75% - 12.75% | $86.87 - $47.42 | $250 |
| 3-4 Years | 8.75% - 13.75% | $31.69 - $27.21 | $2,500 |
| 5 Years | 9.75% - 18.00% | $21.13 - $25.40 | $5,000 |
Certificate Secured Loans
| Term | APR | Minimum Loan Amount |
|---|---|---|
| Options up to 10 Years11 | Certificate rate plus 2% | Secure 100% of the amount borrowed |
Credit/Savings Builder Loans
| Term | APR10 | Estimated Monthly Payment per $1,000 | Minimum Loan Amount |
|---|---|---|---|
| 1-2 Years | 5.00% | $8.56 - $4.39 | $250 |
| 3-4 Years | 5.50% | $3.02 - $2.33 | $2,500 |
| 5 Years | 6.00% | $1.94 | $5,000 |
10All rates shown reflect a 0.25% electronic repayment discount. Maximum rate is 18%. 11Interest must be paid annually, if not on a repayment plan option. Maximum loan amount is based on individual qualifications of the borrower(s) and ability to repay. A $75 fee will be charged to redocument an unsecured loan (i.e. personal loan, signature loan, etc.). This fee will be assessed at the time of change. If electronic repayment is canceled, your loan rate will change. If so, your minimum payment will remain unchanged, which may extend the repayment period of your loan.