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The money you need, when you need it

Consolidate debt, finance home improvements, or cover back to school expenses, we can help!

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  • Overview
    • Fixed monthly payments
    • Low, fixed interest rates
    • Make payments automatically from any account
    • No prepayment penalties

    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 based on credit rating.

    Easy Application

    Monthly Payment

    Loan Amount
    $
    %
    Term Months
    Apply Now

    Use of a calculator is not a guarantee of credit and is a estimate.

    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.

    The staff is more friendly than any bank. They have a "can do" attitude

    James - Member since 2018

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  • Rates

    Rates

    Unsecured Loan

    Rates Effective as of: 09-23-2023
    Max Term Term Rate (APR)
    Up to 36 months As low as 10.39%
    37 - 60 Months As low as 12.10%
    61 - 72 Months As low as 13.05%

    APR=Annual Percentage Rate
    The approximate monthly payment would be $32 per $1,000 borrowed at 9.74% for 36 months. Rates are subject to change at any time. Other conditions may apply. Members arranging automatic electronic payments will receive a 0.25% reduction on new loans. (included in the "As Low As" rate above)

    Other Secured Loans

    Other Secured LoansMax TermRate (APR)
    Share Covered84 Month5.25%
    Credit Builder Loan18 Month13.00%
    CD Secured Loan 84 monthAPY + 3.50%

    APR=Annual Percentage Rate
    The approximate repayment of the share-covered loan monthly payment would be $16 per $1,000 borrowed at 4.75% for 72 months.
    The approximate repayment of the Credit Builder Loan monthly payment would be $60.98 per $1,000 borrowed at 12.5% for 18 months.
    The approximate repayment of the CD Secured Loan monthly payment would be $31 per $1,000 borrowed at 3.50%+ APY(for example 7.7%)
    Rates are subject to change at any time. Other conditions may apply.

  • FAQs

    Frequently Asked Questions

    A credit line allows you to borrow in increments, repay it and borrow again as long as the line remains open. Typically, you will be required to pay interest on borrowed balance while the line is open for borrowing, which makes it different from a conventional loan, which is repaid in fixed installments.  A line of credit will have a set limit in which you will be approved for and you can borrow based off the limit.
    You may also give us a call at 248-263-4100 to speak with the loan department!
    PDCU has partnered with GreenPath Financial Wellness to help our members get back on track with their finances and credit.  Please give GreenPath a call at 877-337-3399 and let them know you’re a PDCU member and would like to make an appointment with a rep!
    Yes!  All eligible loans can be skipped once per calendar year for a fee of $35. Fresh Start Auto Loans, Lines of Credit, Mortgages, Commercial Loans, and Credit Cards are excluded.
    1. To make a payment via online banking with funds already in your account, please log in and select ‘transfers’. From there please select where you want to transfer from and which loan you would transfer to.
    2. Log into iTalk (telephone teller) and make your payment. Option 3 for payments.
    3. To make a payment with a debit/credit card please (248) 263-4100.
    4. 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 5 branches.
    5. Have us set up an auto-payment from your other financial institution. Please give us a call at (248) 263-4100 and we can send you proper form or you may stop by any of our 5 branches.
    6. You may also mail in a check payable to;  People Driven Credit Union 24333 Lahser Rd, Southfield, MI 48033

    Need help?

The money you need, when you need it

Consolidate debt, finance home improvements, or cover unexpected expenses, we can help!

Digital Application
Disclosures

APR = Annual Percentage Rate. Personal Loans made by People Driven Credit Union. Your actual rate depends upon your credit score, loan amount, loan term, and credit history. The APR ranges from 5.49%. To 20.24%. Your APR will be determined based on your credit at the time of application. There is no down payment, and there is never a prepayment penalty. Closing of your loan is contingent upon your agreement of all the required agreements and disclosures on the www.PeopleDrivencu.org website.

Loan rates change daily. Therefore inquire with PDCU for current loan rates. Enjoy the added convenience of making your payments with a Direct Deposit. The approximate monthly payment would be $33 per $1,000 borrowed at 10.50% for 36 months

People Driven Credit Union is one of the largest credit unions in Metro Detroit and is an equal housing opportunity.

Please review all our policy and disclosures pages for more information