Last Updated: 04/18/2025
BP Federal Credit Union Certificate Secured Loans
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APR (Fixed APR)
Starting at 5.26%(Verified 06/21/2024)
Amount Range
N/A
Loan Term (Months)
Up to 60
BP Federal Credit Union Certificate Secured Loans Review
BP Federal Credit Union Certificate Secured Loans is offered by BP Federal Credit Union, a credit union founded in 1937 and based in Houston, TX. BP Federal Credit Union Certificate Secured Loans are available in 50 states and Washington, DC.
Key Takeaways
- APRs starting at 5.26%. Personal loan interest rates typically range between 9% and 36%. The starting rates for BP Federal Credit Union Certificate Secured Loans are on the lower end of the spectrum.
- Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for BP Federal Credit Union Certificate Secured Loans.
BP Federal Credit Union Certificate Secured Loans Pros & Cons
| Pros | Cons |
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BP Federal Credit Union Certificate Secured Loans FAQ
What interest rates and personal loan terms does BP Federal Credit Union Certificate Secured Loans offer?
BP Federal Credit Union Certificate Secured Loans has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does BP Federal Credit Union Certificate Secured Loans offer?
BP Federal Credit Union Certificate Secured Loans offers a fixed APR personal loan product that starts at 5.26% APR.
What is the maximum loan term you can get with BP Federal Credit Union Certificate Secured Loans?
BP Federal Credit Union Certificate Secured Loans offers loans with terms of up to 60 months.
| Personal Loan Amount | N/A |
| Loan Term | up to 60 months |
| APR | Starting at 5.26% |
What fees does BP Federal Credit Union Certificate Secured Loans charge?
Does BP Federal Credit Union Certificate Secured Loans charge an origination fee?
BP Federal Credit Union Certificate Secured Loans may charge a personal loan origination fee .
Does BP Federal Credit Union Certificate Secured Loans charge a late fee?
Yes, BP Federal Credit Union Certificate Secured Loans may charge a late payment fee if you miss one of the regularly scheduled payments of up to $25.00.
Does BP Federal Credit Union Certificate Secured Loans charge prepayment fees?
No, BP Federal Credit Union Certificate Secured Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | No |
| Prepayment Fee | N/A |
| Late Payment Fee | up to $25.00 |
What do you need to qualify for BP Federal Credit Union Certificate Secured Loans?
BP Federal Credit Union Certificate Secured Loans does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher. BP Federal Credit Union Certificate Secured Loans does not have or does not disclose a minimum annual income eligibility requirement. Note that borrowers can add a cosigner or a co-borrower to either meet eligibility requirements or qualify for lower interest rates.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by BP Federal Credit Union Certificate Secured Loans.
To qualify, applicants may need to provide the following documentation:
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
| Minimum Age | 18 |
| Bank Account Required? | No |
| Application Types Accepted |
|
| Credit Score | N/A |
Does BP Federal Credit Union Certificate Secured Loans report your account activity to credit bureaus?
Yes, BP Federal Credit Union Certificate Secured Loans reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does BP Federal Credit Union perform a hard credit pull?
Yes, BP Federal Credit Union Certificate Secured Loans performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are BP Federal Credit Union Certificate Secured Loans legit?
BP Federal Credit Union was founded in 1937, it is a well-established company that has been in business for 89 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 4:00PM
Saturday
Closed
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Other Personal Loans from BP Federal Credit Union
Rating not yet determined
APR
Starting at 9.90%
Disclaimer popup with additional information
Amount Range
N/A
Loan Term (Months)
12 - 60
Rating not yet determined
APR
Starting at 7.75%
Disclaimer popup with additional information
Amount Range
N/A
Loan Term (Months)
Starting at 60
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Learn MoreSuperMoney Net Recommendation Score
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Other Services by BP Federal Credit Union
CD Accounts
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Checking Accounts
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Money Market Accounts
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Savings Accounts
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Credit Cards
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