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Personal/Lifestyle Loans & Lines of Credit

Loans for any occasion

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  • Cover vacations, emergencies, and more

    With an unsecured personal loan, you don’t need any collateral or assets. The shorter the term you choose, the lower your rate.

    You can also go with a secured loan, backed up by your savings account or share certificate. This loan is simple to qualify for, and lets you borrow up to $2,500,000.

    • Use for any expense
    • Great for building credit
    • Flexible rates and terms
    • Easy payment options
    • Borrow up to $100,000 unsecured

    Need flexibility? Consider a line of credit.

    Our personal loans are also available as lines of credit. Here’s how they work:

    1. Apply for a line of credit up to a set amount (e.g. $10,000).

    2. Borrow cash from the line when you need it; no new application needed.

    3. Only pay interest on the money you actually borrow.

  • Rates

    Rates

    Lifestyle Loans – Fixed Closed End Loan

    Loan Amount and Term*Member Benefits Fixed Rate APR** Fixed Rate APR Cash
    $500 to $5,000 (48 month term) 9.150% – 15.150% 9.650% – 15.650%
    $5,001 to $14,999 (60 month term) 10.150% – 16.150% 10.650% – 16.650%
    $15,000 to $100,000 (84 month term) 11.150% – 17.150% 11.650% – 17.650%

    EFFECTIVE RATE DATE: May 9, 2019

    *APR = Annual Percentage Rate. Minimum loan amount of $500 and the maximum loan amount of $100,000. To qualify for 9.150% fixed APR for 48 months requires a FICO score of 800 or greater and member must qualify for Member Benefits. Actual APR offered may be higher depending upon applicant's credit rating and other underwriting factors (Member must participate in automatic payment program and qualify for Member Benefits program at time of funding). Go to https://www.lapfcu.org/member-benefits/ for complete details. 48-month term payment example: A 4-year loan at 9.150% fixed APR will have 48 monthly payments of $24.96 per each $1,000 borrowed. All rates, terms, and promotional offers are subject to change without notice. Cannot be combined with any other offer. Restrictions may apply, ask for complete details.
    **APR = Annual Percentage Rate. Member Benefits 0.50% APR reduction includes automatic payment discount. Must qualify for Member Benefits program at time of funding. Go to Member Benefits for complete details. Any loan rate reduction will remain in place for the term of the loan. Program rate reductions may not be combined with any other promotion or offer. The following loan types are excluded from rate reductions: real estate loans, unsecured lines of credit, credit cards, share loans, and share certificate loans. Program rate reductions may not be combined with any other promotion. All rates, terms, and promotional offers are subject to change without notice. Restrictions may apply, ask for complete details.


    Personal Line of Credit

    TypeVariable Rate APR* Fixed Rate APR**
    Personal Unsecured Line of Credit
    APR10.240% – 16.240% 11.900% – 17.900%
    Payment Amount 2.6% of Balance 2.6% of Balance

    EFFECTIVE RATE DATE: May 9, 2019

    *APR = Annual Percentage Rate. This Personal Unsecured Line of Credit has a variable APR of 10.240% to 16.240% based on your creditworthiness. Variable rates may increase or decrease during the term of the loan. Maximum limit: up to $100,000. Finance charges will be assessed starting the day the charge is posted to your account. The APR will vary with the market based on the Prime Rate plus a margin. All rates and terms are subject to change without notice.

    **APR = Annual Percentage Rate. This Personal Unsecured Line of Credit has a fixed APR of 11.900% to 17.900% based on your creditworthiness. Maximum limit: up to $100,000. Finance charges will be assessed starting the day the charge is posted to your account. All rates and terms are subject to change without notice.


    Share & Certificate Secured Loans

    Fixed Rate APR*
    Share Secured Loan
    Up to 36 Months** 2.50%
    37-60 Months**3.00%
    LAPFCU Share Certificate Secured Loan
    Rate*** 2.00% above the dividend rate being paid on the LAPFCU Share Certificate
    Amortized Loan Term Up to the Certificate Maturity Date

    EFFECTIVE RATE DATE: May 9, 2019

    *APR = Annual Percentage Rate.
    **Share Secured Loan Rates reflect a 0.25% APR discount for automatic or payroll deducted payments. Payment example: A 3-year loan at 2.50% fixed APR will have 36 monthly payments of $28.87 for each $1,000 borrowed. All rates and terms are subject to change without notice.
    ***The APR will be based on the dividend rate on the share certificate plus a 2.00% margin. The amortization loan terms are based on the share certificate maturity date. Payment example: A 3-year loan at 3.78% fixed APR will have 36 monthly payments of $29.43 for each $1,000 borrowed. All rates and terms are subject to change without notice.

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Questions? Call us 877-695-2732