Unsecured Personal Loans for Any Situation
Life’s financial needs are diverse and ever-changing. Whether you’re planning a home renovation, consolidating debt, or building your credit, we offer a variety of personal loan options tailored to meet your unique needs. Our commitment to providing competitive rates, flexible terms, and personalized service ensures that you have the support and resources needed to achieve your financial goals.
Membership and eligibility requirements apply, with approval subject to application and credit considerations.
What You Can Expect With People Driven Credit Union’s Personal Loans
- Apply online in minutes and get your money in as little as a few days
- Fixed interest rates as low as 11.39%¹ APR*
- Fixed monthly payments
- Make fixed monthly payments
- Make payments automatically from any account
- No prepayment penalties
- Loans available up to $30,000
Secure a Loan Rate Discount¹
Unsecured Personal Loan Rates as Low As 11.39%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.
See What Fits: Compare Personal Loan Rates & Terms
-
Term
(Months)
≤36
37-60
61-72
73-84
APR*
as low as¹
11.39% 13.55% 14.75% 15.75% Rates Effective as of:
-
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:
Calculate Your Monthly Personal Loan Payment
Monthly Payment
Can you get a Personal 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
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
Payment Example: Monthly payments of $21.49 for each $1,000 borrowed at 10.49%¹ APR* for 60 months.
*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.
Membership Requirement:
All accounts and loans require membership at People Driven Credit Union. Membership is available to individuals who live, work, worship, or attend school in the State of Michigan, as well as relatives of current members. To complete an application for any account or loan, you will need the following information:
- A valid Driver’s License, State ID, or Passport with your current address
- Your Social Security Number
A Membership Share Savings Account is required to establish membership at People Driven Credit Union. A $5 deposit secures your ownership share in the credit union and unlocks access to our full suite of products and services. This account earns 0.01% APY with a $5 minimum deposit.
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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