Personal Loans
Member Savings Loan
Are you looking to build your savings and establish credit? With a Member Savings Loan from Members Exchange, you can accomplish both! The loan proceeds will be deposited into a designated savings account that will be used as collateral for the loan with a great low rate! Once the loan is paid in full, the money in the savings account is yours and all timely payments will be reflected on your credit report!
- Minimum Loan Amount – $500
- Maximum Loan Amount – $3,000
- Loan Term – Up to 36 months
- Loan Interest Rate – 7.00% APR*
- Automatic Approval!
Share Certificate Loan
Want to purchase something without draining your hard-earned savings? We’ve got the perfect solution. Use your share certificate as collateral and the loan interest rate is only 3% above the rate of your Share Certificate. The money you’ve worked so hard to save will continue to earn interest and will still be there when the loan is paid in full!
This is also a great way for those establishing credit for the first time or those wanting to repair their credit. It helps build positive repayment history and proves that you can handle credit responsibly.
Unsecured Personal Loan
Get a loan for practically anything with our Unsecured Personal Loan. This unsecured, fixed-rate loan offers flexible terms and low interest rates! Use it today to take that much-needed vacation, home repairs, debt consolidation or emergencies – the choice is yours!
- No collateral required
- Loans from $2,500 to $25,000
- Terms from 1 to 4 years
- Use it for any purpose, even as a loan to buy Christmas gifts
Personal Line of Credit
An open-end Personal Line of Credit from Members Exchange is the best kind of Personal Loan you could hope for – because you can use the money for any purpose.
What will you use your loan for?
- Take a vacation
- Make home repairs or appliance upgrades
- Pay off credit card debt by consolidating your debit into monthly payment.
- Avoid “bounced” or returned checks on your Members Exchange checking account by automatically transferring funds to clear any outstanding checks up to your approved credit limit.
With a good credit rating you can qualify for a loan or credit line with no collateral or security deposit. Learn more about the perks of personal loans, or call Members Exchange to speak with a Personal Service Representative. Click below to apply online.
*APR = Annual Percentage Rate. Only one Member Savings Loan is allowed at a time. The funds in the designated savings account must remain on deposit during the life of the loan. Delinquent loan payments will result in immediate repayment of the loan.
We have invested in VeriSign’s secure server digital certificate to protect your data. Through the use of Secure Socket Layer (SSL) technology, the standard for secure communications on the Web, your data is being sent to a secure database and is encrypted to protect your privacy.
Variable Rate Line of Credit Members – Variable Rate LOCs have a set credit limit. If the loan balance exceeds the credit limit at any time during the month, an Over-the-Credit Limit fee will charged on the last day of the month. Please refer to your Open-End Credit and Security Agreement and Disclosure.
*The Annual Percentage Rate (APR) for the Line of Credit is variable and is subject to change monthly.
. The APR will be based on the Prime Rate as published in the Wall Street Journal. Subject to credit approval. For current rates, please contact us.