What a Life Situational Loan Can Help Cover
- Wedding expenses (venue, catering, attire, travel, and other related costs)
- Funeral and memorial expenses
- Other eligible costs tied to major life events
What You Can Expect With People Driven Credit Union’s Life Situational Loans
- Borrow up to $15,000
- Terms up to 72 months
- One loan amount and a clear repayment timeline
- Fixed monthly payments
- Local service and support when you have questions
- A straightforward option instead of putting major expenses on a credit card
Secure a Loan Rate Discount¹
Unsecured Personal Loan Rates as Low As 10.54%¹ APR*
¹Take advantage of a 0.25% discount when you enroll in autopay, already factored into the “as low as” rate. This discount applies to those who set up automatic payments from a People Driven Credit Union checking or savings account.
Support for the Moments That Matter
When costs are tied to something meaningful—or unexpected—having a structured way to pay can make the situation a little easier. We’re here to help you find a loan amount and term that fit your budget, so you can stay focused on what matters most.
See What Fits: Compare Personal Loan Rates & Terms
-
Term
(Months)
≤36
37-60
61-72
73-84
APR*
as low as¹
10.54% 12.75% 13.95% 14.95% Rates Effective as of:
10.54% -
Secured Loan
Max Term
(Months)
APR*
as low as
Share Covered 84 5.25% Credit Builder Loan (Max $2,000) 18 13.00% CD Secured Loan (No Money Market, IRA, or Club Accounts) 84 APY + 3.50% Rates Effective as of:
5.25%
Calculate Your Monthly Personal Relocation Loan Payment
Monthly Payment
Can you get a personal life-situational loan with bad credit?
Absolutely. At People Driven Credit Union, we look beyond your credit score to find a solution that fits your unique needs, considering both your income and credit history.
If approved, you’ll receive funds deposited directly into your checking or savings account. Keep in mind that interest rates are determined by your credit rating.
Frequently Asked Questions
Contact a Representative
-
How long can I take to repay a Life Situational Loan? Terms are available up to 72 months, depending on the amount financed and approval.
-
What can I use a Life Situational Loan for? These loans may be used for eligible expenses tied to major life events, including wedding-related costs and funeral or memorial expenses.
-
Can I get a Life Situational Loan with bad credit? Yes. People Driven Credit Union considers more than just your credit score, including your income and credit history. If approved, funds are deposited into your checking or savings account. Interest rates are based on your credit rating.
-
What is AutoPay? AutoPay automatically withdraws your loan payment each month from your People Driven checking or savings account. It helps you stay on track and may qualify you for the special loan rate discount. Enrollment is handled by phone at 248-263-4100.
-
What is the Special Loan Rate Discount? The special loan rate discount is a 0.25% APR reduction when you set up AutoPay from your People Driven checking or savings account. The discount is already included in the advertised “as low as” rate. Enrollment is handled by phone at 248-263-4100.
Terms are available up to 72 months, depending on the amount financed and approval.
These loans may be used for eligible expenses tied to major life events, including wedding-related costs and funeral or memorial expenses.
A personal loan can impact your credit score in several ways:
- Positive Impact: Making on-time payments can improve your credit score.
- Negative Impact: Missing payments or defaulting on the loan can harm your credit score. Additionally, applying for a loan results in a hard inquiry, which may temporarily lower your score.
Personal loans can be used for a variety of purposes, including:
- Debt consolidation
- Home improvements
- Medical expenses
- Major purchases (e.g., appliances, electronics)
- Special events (e.g., weddings, vacations)
- Emergency expenses
- Secured Personal Loan: Requires collateral (e.g., a car or savings account). Offers lower interest rates due to reduced risk for the lender.
- Unsecured Personal Loan: Does not require collateral. The interest rate is based on your creditworthiness and may be higher than secured loans.
- To make a payment via online banking with funds already in your account, login to the MyPDCU Online Portal or use the MyPDCU app, and select 'transfers'. Select where you want to transfer from and which loan you would transfer to.
- To make a payment with a debit/credit card, call (248) 263-4100.
- Set up an auto-transfer from your People Driven account or attach an auto payment to your direct deposit that comes into your account. Give us a call at (248) 263-4100 or stop by any of our five branches.
- Have us set up an auto-payment from your other financial institution. Please call us at (248) 263-4100, and we can send you the proper form, or you may stop by any of our five branches.
- You may also mail in a check payable to People Driven Credit Union, 24333 Lahser Rd, Southfield, MI 48033
Disclosures
*APR = Annual Percentage Rate: The actual APR and loan term is subject to approval and may be determined upon the borrower’s creditworthiness, the amount borrowed, and the type, value, age, and condition of the collateral offered to secure the loan (when applicable). Rates are effective as of today and are subject to change.
¹Special Loan Rate Discount: Benefit from a .25% reduction when enrolling in our autopay service, which is included in the “as low as” rate advertised. The discount is available to those who setup autopay of their monthly loan payment from a People Driven Credit Union checking or savings account.
People Driven Credit Union is an Equal Housing Opportunity Lender NMLS #776727
All other trademarks are the property of their respective owners.
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