PERSONAL LOANS

Unsecured Signature Loan Rates

NO COLLATERAL? NO PROBLEM.

Interest rates effective 07/01/2024. This loan type requires no collateral and tends to have a slightly higher interest rate (APR*) than that of a secured loan. This type of loan requires no collateral for security since it is an unsecured loan. Due to this, the interest rate will be slightly higher than that of a secured loan option. Loan rates for Unsecured Signature Loans start as low as 13.99% APR*. All loans except Mortgages, Home Equity Lines of Credit (HELOC), and credit cards are eligible for loyalty or usage discounts. Secured loan options are available. Please feel free to call and speak to one of our loan officers for more details.

Grades are a combination of FICO score and other conditions. Credit grades are as follows:
A+ > 740+; A = 739 to 690; B = 689 to 650; C = 649 to 620; D = 619 to 580; E = 579 to 0

What Are Personal Loans?

Personal loans are a type of installment loan that provides you with a lump sum of money that you repay in fixed monthly payments over a set period. Unlike secured loans, personal loans do not require collateral, making them a flexible option for a variety of financial needs.

Benefits of Getting a Personal Loan with a First NRV FCU

Credit unions often offer lower interest rates and more personalized service compared to traditional banks. By choosing First NRV FCU for your personal loan, you'll benefit from:

• Competitive rates

• Flexible terms

• Local decision-making

• Exceptional member service

• Community-focused values

Payday Alternative Loans (PAL)

PROVIDING A HELPING HAND

Installment or payday loans can be extremely expensive. Individuals are pushed by predatory lenders, and then they end up signing up for a loan with a ridiculously high interest rate. This is why we created our safe, low-interest Payday Alternative Loan (PAL) for our members. We are here to break the cycle of paying extremely high rates of interest when you are in a financial pinch. Apply for a PAL with First NRV Credit Union and experience the difference today!

• 6 or 12 month loan term
• 24 hour loan processing.
• Maximum amount borrowed for a 6 month term = $1,000.00
• Maximum amount borrowed for a 12 month term = $2,000.00
• $20.00 application fee is deducted from the amount of the loan.

Other Loan Rates

All loans (except for Mortgages, Home Equity Lines of Credit and VISA Credit Card) are eligible for loyalty or usage discounts (see our Loan Discount page for more information). No loan rate can go below 2.49% APR*. The Floor rate is equal to Wall Street Prime if not set by BOD. All E loans and Credit Rebuilder Loans have an interest rate of 18% APR*.