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 11.04%¹ APR*
- 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 11.04%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
11.04% 13.10% 14.30% 15.30% Rates Effective as of:
11.04% -
Looking for a lower-rate borrowing option? Secured loans use funds you already have on deposit, such as savings or a certificate, to help you access financing with competitive rates and clear repayment terms. Compare our secured loan options below to see what fits your goals.
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 Loan Payment
Monthly Payment
How Personal Loan Approval Works
When you apply for a personal loan, People Driven Credit Union reviews key factors like your application details, income, and overall ability to repay. Loan approval, rate, and term are based on creditworthiness and other qualifying factors.
If approved, your funds can be deposited into your checking or savings account. Our team can help you explore available options, explain next steps, and answer questions so you can choose the loan that fits your plans.
Frequently Asked Questions
You can apply online to request a personal loan. If approved, your rate, term, and loan amount will be based on qualifying factors such as creditworthiness and other application details. Before you apply, you can review How to Improve Your Personal Loan Application in 24 Hours for tips on preparing your application. If you have any questions about the personal loan application or the process, please contact us.
Our ¹Special Loan Rate Discount offers a 0.25% APR reduction when you set up automatic payments (AutoPay) for your loan from a People Driven Credit Union checking or savings account. This discount is already included in the “as low as” rate advertised.
To enroll in AutoPay and receive the discount, please call us at 248-263-4100. A representative will assist you in setting up monthly automatic withdrawals from your PDCU account.
Note: The discount is available only for eligible loans with AutoPay set up from a PDCU account. Terms and conditions may apply.
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.
- Secured Personal Loan: Requires collateral (e.g., a Certificate of Deposit (CD) 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.
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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