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.
Lines of Credit
Similar to a credit card, you’ll have a set limit available. You pay interest only on the amount you use. A Line of Credit 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
Lines of Credit
| Term | APR | Daily Periodic Rate |
|---|---|---|
| Revolving | 12.00% - 18.00% | 0.032876% - 0.049315% |
Signature Loans
| Term | APR | Estimated Monthly Payment per $1,000 | Minimum Loan Amount |
|---|---|---|---|
| 1-2 Years | 8.50% - 13.50% | $87.20 - $47.77 | $250 |
| 3-4 Years | 9.50% - 14.50% | $32.03 - $27.58 | $2,500 |
| 5 Years | 10.50% - 18.00% | $21.50 - $25.39 | $5,000 |
Certificate Secured Loans
| Term | APR | Minimum Loan Amount |
|---|---|---|
| Options up to 5 Years6 | Certificate rate plus 2% | Secure 100% of the amount borrowed |
Credit/Savings Builder Loans
| Term | APR | Estimated Monthly Payment per $1,000 | Minimum Loan Amount |
|---|---|---|---|
| 1-2 Years | 5.50% | $85.85 - $44.11 | $250 |
| 3-4 Years | 6.00% | $30.43 - $23.49 | $2,500 |
| 5 Years | 6.50% | $19.58 | $5,000 |
Rates shown effective as of January 2, 2020
6Interest 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. $1,000 minimum loan amount. Maximum rate of 18%.