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Unsecured Loan

Get the financing you need for the things you want.

The stronger your credit score, the better your rate

Here's how Coastal's Unsecured Loan could help you bank better:

  • Borrow up to $50,000
  • Transfer funds through Online Banking to your Coastal account for quick, anytime access
  • This loan is eligible for an annual Loyalty Bonus payout, which has totaled $11.7 million paid to members since we started the program
  • Simple application and quick approval

Get help with any type of expense.

Whenever you need extra money for a specific purchase, consider Coastal's Unsecured Loan. Unsecured simply means you get an interest rate and loan amount based on the strength of your credit score. Many of our members in North Carolina and beyond use this product when they need financing but don't want to post any collateral, like their home. When you know exactly how much money you need, this is your best choice.

Earn more cash back when you shop.

I was able to buy my first home on my own without using all of my savings.
Margaret H.

Frequently Asked Questions

There are two options to make principal only payments. (Excludes first mortgages and VISA Credit Cards)

You can pay an extra amount at the same time you make your regularly scheduled payment. The extra amount paid will automatically be applied to the principal balance. The regular payment and the extra amount must be applied on the same date with this option.

You can make principal only payments at other times as long as your loan is current. Please note, a principal only payment will not advance your due date, and will not take the place of normal monthly payments.

When mailing a check for principal only payments, clearly indicate in the memo section of the check, "PRINCIPAL ONLY" and the account number. Any payment applied as principal and interest, that is not notated "PRINCIPAL ONLY", cannot be reversed and reapplied later.

Please email with any questions.

Coastal only issues 1098 Mortgage Interest Statements for accounts that paid $600 or more in interest during the calendar year. The exact amount of interest paid on your mortgage loan is listed on your December statement.

All loans are subject to approval.

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