Coastal Credit Union
Coastal Credit Union

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PERSONAL LOAN

Make it happen with rates as low as

7.99%APR1

PERSONAL LOAN FEATURES

Lower Rates
Rates as low as 7.99% APR1 for terms up to 5 years2
Longer Terms
Finance up to 10 years2, with rates as low as 9.74% APR1
A Variety of Uses
Great for purchases, consolidating debt, home improvements, travel, or emergencies

Great for Major Purchases

  • Bank better with extremely competitive rates and longer repayment terms
  • Wedding expenses? Dream vacation? Something on your bucket list? Use your personal loan to make it happen

Perfect for Consolidating Debt

  • Combine your debts into one loan with a low interest rate
  • This is a great product to consolidate all of your high-interest credit card balances and unpaid medical bills into one low monthly payment

Helpful for Repairs or Emergencies

  • Use your Personal Loan for home improvement projects or repairs
  • Pay for any car repairs or other unexpected emergencies

Resource Center

10 Must-Know Key Financial Loan Terms

Borrowing money can be very overwheming, especially when you don’t know what all the terms mean. That’s why today we are going to share with you the top 10 financial terms you’ll need to know if you are getting a loan to make sure you are as prepared as you can be.

Options for Debt Consolidation

Want to organize your finances and become debt free quicker? By consolidating your debt, you could lower your monthly payment and keep more money in your pocket. Here’s how to decide whether consolidating your debt is a good strategy for you. 

When I applied for a personal loan, the process was smooth and fast!
A Coastal Member

Frequently Asked Questions

You may qualify to borrow as little as $250 and up to $60,000 for closed end personal loans and as little as $500 up to $25,000 for line of credit.
We have flexible terms as low as six months and up to 10 years depending on credit and amount.  There is no term for a line of credit as it is considered a revolving account.
Our personal loan has a fixed rate with a loan term up to 10 years. Our line of credit has flexible payment terms with a variable rate based on your situation.   See disclosures.
A closed end loan is a lump sum of money that is repaid with a fixed payment whereas a LOC is a revolving account that lets you draw on it as needed; payments are based on balances owed.
Loans are available even if you don’t have perfect credit, although you may not qualify for the lowest rate available.  All loans are subject to credit and income guidelines.  We review each application to determine eligibility.
All FAQs

All loans are subject to approval.

1. APR – Annual Percentage Rate. Must be a US Citizen or a Permanent Resident with a valid SSN. If you apply jointly, both applicants are subject to credit qualifications. Your fixed rate is determined by your credit qualifications, amount financed, and loan terms. Maximum terms are based on loan amount and credit qualifications. 

2. Your fixed rate is determined by your credit qualifications, amount financed, and loan terms. Loan terms range from a minimum of 6 months to a maximum of 120 months. Maximum APR is 17.99%. All rates and terms are subject to change without notice.

For a $5,000 loan for a term of 60 months with a 7.99% APR, the estimated monthly payment will be approximately $101.72. 

For a $25,000 loan for a term of 10 years with a 9.74% APR, the estimated monthly payment will be approximately $328.26. Minimum loan amount is $1,000 to get 5 year terms. Minimum loan amount is $25,000 to get 10 year terms.

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