Personal Loan vs Line of Credit
Whatever life brings, we have loan options tailored to your needs. Pay off your high-interest credit cards, make some home improvements or cover unexpected expenses. It’s quick and easy to apply — no collateral required.
Apply NowView RatesWhat’s Best for You: A Personal Loan or a Personal Line of Credit?
Take a look at the features for each option.
| Personal Loan | Personal Line of Credit | |
|---|---|---|
| Description | Get the full loan amount all at once, with a low, fixed rate and affordable payments of the same amount each month. | Borrow just what you need, when you need it. You only pay interest on the amount you borrow. |
| Rate Type | Fixed rate | Competitive, adjustable rate |
| Annual Fees | $0 | $0 |
| Credit Line | $500 - $50,000 | $500 - $50,000 |
| Apply Now | Apply Now |
| Personal Loan | |
|---|---|
| Description | Get the full loan amount all at once, with a low, fixed rate and affordable payments of the same amount each month. |
| Rate Type | Fixed rate |
| Annual Fees | $0 |
| Credit Line | $500 - $50,000 |
| Apply Now | |
| Personal Line of Credit | |
|---|---|
| Description | Borrow just what you need, when you need it. You only pay interest on the amount you borrow. |
| Rate Type | Competitive, adjustable rate |
| Annual Fees | $0 |
| Credit Line | $500 - $50,000 |
| Apply Now | |
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All loans are subject to credit approval. All rates are based on an evaluation of the member’s individual credit history. Terms are subject to conditions and verification restrictions may apply. All credit union programs, rates, terms and conditions are subject to change at any time without prior notice.
Please note: The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.