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.
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Apply Online
Apply online for personal lines of credit, CD secured loans, share secured loans, and unsecured personal loans along with personal loans for debt consolidation & home improvement.
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Apply in Person
Visit one of five People Driven Credit Union branches that are easily accessible around Metro Detroit and Southeast Michigan.
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Talk to an Expert
Discuss our programs, your current application, or the priority of your application with a team member.
Unwrap the possibilities of a Holiday Loan designed to ease your financial burden and help manage seasonal expenses.
All About Holiday Loans
Can you get a Personal Loan with bad credit?
Depending on your income and credit history, PDCU has the best option to fit your unique needs. Receive your funds deposited directly into a checking or savings account. Rates are based on credit rating.
Features
- Fixed monthly payments
- Low, fixed interest rates
- Make payments automatically from any account
- No prepayment penalties
Calculate Your Monthly Personal Loan Payment
Monthly Payment
Take Control of Your Finances.
- Apply online in minutes and get your money in as little as a few days
- Make fixed monthly payments
- $30,000 maximum loan amount.
Apply from anywhere. Get your money fast.
A personal loan through People Driven Credit Union can help you take control of your finances.
People Driven Credit Union is a full-service credit union with branches and ATMs that are easily accessible around Metro Detroit and Southeast Michigan.
Unsecured Loan Rates
Rates Effective as of: 12-03-2024Max Term | Term Rate (APR*) |
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Up to 36 months | As low as 11.24%¹ |
37 - 60 Months | As low as 13.25%¹ |
61 - 72 Months | As low as 14.30%¹ |
73 - 84 Months | As low as 15.30%¹ |
Secured Loan Rates
Rates Effective as of: 12-03-2024Secured Loans | Max Term | Rate (APR*) |
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Share Covered | 84 Month | 5.25% |
Credit Builder Loan | 18 Month | 13.00% |
CD Secured Loan | 84 month | APY + 3.50% |
Frequently Asked Questions
- 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.
- 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, log in and select 'transfers'. Select where you want to transfer from and which loan you would transfer to.
- Log into iTalk (telephone teller) and make your payment. Option 3 for payments.
- 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 $20.00 for each $1,000 borrowed at 6.55% 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.
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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