Personal Loans

For life's expected and unexpected expenses.

Select the personal loan that's best for you.


1. Personal Loan

A simple loan solution to give you the cash you need with no collateral required to secure the loan, and a fixed monthly payment over a set period of time.

Features and benefits:

  • Instant loan decisions
  • No pre-payment penalties
  • No application fee
  • Borrow from $1,000 up to $10,000 based on credit worthiness
  • Requires no collateral to secure the loan
  • Flexible loan terms up to 60 months; funds disbursed at closing
  • Fixed monthly payments
  • Earn Cash Back for bringing your loan to us
Apply now for a Personal Loan

2. Personal Line of Credit (PLOC)

We’re one of the few financial institutions that still offer an unsecured line of credit. This variable rate loan offers flexibility and access to funds whenever you need them. No collateral is needed to secure the loan and you control the money–use it only when, and if, you need it.

Features and benefits:

  • Instant loan decisions
  • No pre-payment penalties
  • No application fee
  • Borrow up to $5,000 based on credit worthiness
  • Requires no collateral to secure the loan
  • Low minimum monthly payment of $30 or 3 percent of the loan balance–whichever is greater
  • PLOC can be used for overdraft protection for your DFCU checking accounts
  • Easy access to your funds by ATM, online, checks or in branch
  • Earn Cash Back for bringing your loan to us

NOTE: $25 Annual Fee

Apply now for a Personal Line of Credit

3. Share Loan

This unique loan option uses your savings as collateral. Using a dollar-for-dollar match of your DFCU Savings Account or Certificate balances to secure the loan, we offer a minimum of $2,000 up to a maximum of $50,000 for up to a 60 month term.

Apply now for a Share Loan
Fixed APR6 Variable APR Max Fixed Terms Minimum Amount Maximum Amount
As low as 15.24% N/A 60 Months $1,000 $10,000

Rates effective as of 12/3/2016

Variable APR5
14.00%

Rates effective as of 12/3/2016

Fixed APR7 Variable APR Max Fixed Terms Minimum Amount Maximum Amount
6.00% N/A 60 Months $2,000 $50,000

Rates effective as of 12/3/2016

1APY = Annual Percentage Yield. Paid and Compounded Monthly. Rates subject to change without notice at any time. Penalties may apply for early withdrawals. DFCU Financial deposit products are insured by the NCUA.

2APY = Annual Percentage Yield. Paid and Compounded Monthly. Fees could reduce account dividend earnings. Dividend rate may change after the account is opened. $5 minimum required to open a Savings Account, Special Savings Account, or Holiday Savings Account. $20 minimum required to open a Checking Account and Interest Checking Plus Account. $2,500 minimum required to open an Insured Money Market Account. Deposit account balance may increase your Cash Back. DFCU Financial deposit products are insured by the NCUA.

3Risk Based: The APR (Annual Percentage Rate) you receive is based on your credit worthiness and the term of your loan. Please ask us for the initial rate that you qualify for. Preferred Rates with Auto Pay: As shown in the above APR (Annual Percentage Rate), you will receive a discount of 0.25% on your interest rate with automatic payment from a DFCU Financial checking or savings account. Preferred rates are not available for Personal Lines of Credit, Credit Cards, Share Loans, Home Equity Lines of Credit or any other Unsecured Loan. 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.

4Home Equity Loans must be for a primary Michigan residence and must be owner-occupied. Property, title and/or flood insurance, if applicable, are required. APR = Annual Percentage Rate. CLTV = Combined Loan To Value. Fixed-Rate Home Equity Loan: NO Annual Fee.

5Variable 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 0.0%-10.50% 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 25.00% 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. Home Equity Line of Credit Annual Fee: $50; Personal Line of Credit Annual Fee: $25. We do business in accordance with the Federal Fair Housing Laws and the Equal Credit Opportunity Act.

6Risk Based: The APR (Annual Percentage Rate) you receive is based on your credit worthiness 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.

7Share 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.

8Mortgages: DFCU Financial does business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. DFCU Financial is an equal opportunity lender. All home lending products are subject to credit and property approval. Rates and program terms and conditions are subject to change without notice.



 
 

NCUA Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

 

Unauthorized attempts to upload information and/or change information on this website is strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and Title 18 U.S.C. Sec.1001 and 1030.

DFCU Financial - Copyright © 2016 - Dearborn, Michigan - All rights reserved

While the DFCU Financial Board of Directors intends to pay Cash Back every year, and has done so since 2006, Cash Back is not guaranteed and will depend on our financial performance and other factors. Annual Cash Back payments are limited to an aggregate of $25,000 for each tax-reported owner. The IRS requires that Cash Back for an IRA be paid to the same IRA account, and that it be open when Cash Back is deposited. Cash Back to Business Banking members is subject to additional terms. Anyone who causes DFCU Financial a loss for any reason is not eligible for Cash Back.