Personal Loans The Funds You Need at a Great Rate
Life doesn’t always follow a budget. Whether you’re consolidating debt, covering an unexpected expense, or funding something meaningful, a DFCU Financial personal loan gives our nationwide members a fixed rate, flexible terms, and the backing of a dedicated, local credit union.
Personal Loans Built Around Your Goals
Achieving your milestones shouldn’t be put on hold. From consolidating high-interest debt to funding major life events or handling unexpected bills, DFCU provides a straightforward financing solution. Enjoy a predictable, fixed monthly payment and zero collateral requirements, giving you total peace of mind as you pay it down.
No pre-payment penalties
No application fee
Flexible terms up to 60 months
Borrow from $1,000 up to $10,000 based on creditworthiness
Flexible Funding, There When You Need It
A Personal Line of Credit (PLOC)** from DFCU lets you borrow what you need, pay it back, and borrow again – up to your personal approved limit. You only pay interest on what you actually use, and there’s no collateral required to secure the loan, no application fee, and no pre-payment penalties all while earning Cash Back.*
Low minimum monthly payment of $30 or 3% of the loan balance – whichever is greater
PLOC can be used for overdraft protection for your DFCU checking accounts
Flexible terms up to 60 months
Borrow from $1,000 up to $5,000 based on creditworthiness
Easy access to your funds by ATM, online, checks, or in branch
**Note: $25 annual fee.
Put Your Savings to Work With a Share Loan
With a DFCU Share Loan, your savings continue to earn dividends while they serve as collateral, so your money keeps working even while you’re borrowing against it.
Borrow from $2,000 up to $50,000 with terms up to 60 months
A dollar-for-dollar match of your DFCU Savings Account or Certificate balances
Eligible for annual Cash Back*
| Fixed APR1 | Variable APR | Maximum Fixed Terms | Minimum Amount | Maximum Amount |
|---|---|---|---|---|
| As low as 15.24% | N/A | 60 Months | $1,000 | $10,000 |
Rates effective as of 11/03/2026.
Personal Loan Rates
| Variable APR | N/A |
|---|---|
| Maximum Fixed Terms | 60 Months |
| Minimum Amount | $1,000 |
| Maximum Amount | $10,000 |
| Variable APR2 |
|---|
| 16.50% |
Rates effective as of 11/03/2026.
Personal Lines of Credit Rates
| Variable APR2 |
|---|
| 16.50% |
Frequently Asked Questions
DFCU Financial personal loans can be used for almost any legitimate personal expense – including debt consolidation, home improvements, major purchases, medical bills, moving expenses, weddings, or unexpected costs. Personal loans cannot be used for business purposes or post-secondary education expenses.
A personal loan gives you a fixed lump sum upfront, with a set repayment term and a fixed monthly payment. A line of credit lets you draw funds as needed up to a set limit — similar to a credit card. Personal loans are better for one-time expenses with a known cost. Lines of credit are better for ongoing or variable needs. Talk to a DFCU member advisor to find the right fit.
Yes, DFCU members with qualifying accounts may receive annual Cash Back on loans, which has been paid every year since 2007. While Cash Back is based on your overall relationship with DFCU, maintaining your membership and accounts in good standing helps maximize your Cash Back.*
DFCU offers unsecured personal lines of credit for qualified members, meaning no collateral is required. Your approval is based on your creditworthiness and membership standing. If you’d like a lower rate, a secured option – backed by your DFCU savings or share certificate – may also be available.
A share loan uses your existing DFCU savings account or share certificate as collateral, meaning the funds you’ve already deposited secure the loan on a dollar-for-dollar basis. Because the loan is secured, it typically comes with a lower interest rate than an unsecured personal loan.
DFCU serves members across Michigan and Florida, with branches in communities including the greater Detroit area, Ann Arbor, Lansing, Brighton, and additional locations throughout the state, as well as branches in the Tampa Bay area, Fort Myers, Naples, Orlando, and surrounding communities. Members also have access to more than 1,700 ATMs in Michigan and over 30,000 ATMs nationwide through the Co-op ATM network. Find the branch nearest you.
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Learn More1Risk Based: The APR (Annual Percentage Rate) you receive is based on your creditworthiness and the term of your loan. Please ask us for the initial rate that you qualify for. Late Charges: if your payment is more than 15 days late, you will be charged a $20 late fee. DFCU Financial reserves the right to change rates at any time prior to loan closing.
2Variable Rates: The Annual Percentage Rate (APR) is determined by the sum of the Prime Rate as listed in the Money Rates table of the Wall Street Journal (index) plus a margin of at least 0.75% on Home Equity Lines of Credit and 10.00% on Personal Lines of Credit,and is subject to change the first day of each month. Any change in the APR will take the form of additional payments of the same amount. The maximum APR that can apply is 18.00% or the maximum permitted by law, whichever is less. Late Fee: if your payment is more than 15 days late you will be charged a $20 late fee. Personal Line of Credit Annual Fee: $25. We do business in accordance with the Federal Fair Housing Laws and the Equal Credit Opportunity Act.
3Share Loans use a dollar-for-dollar match from your DFCU Savings Account or DFCU Certificate balances to secure the loan. Secured funds will be released upon loan pay off. APR = Annual Percentage Rate.
