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Last Updated: 04/18/2025

BP Federal Credit Union Personal Loan

in Personal Loans from BP Federal Credit Union

Last Updated: 04/18/2025

Created by:

SuperMoney

Fact Checked by:

Andrew Latham

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Highlights

APR (Fixed APR)

Starting at 9.90%(Verified 06/21/2024)

Amount Range

N/A

Loan Term (Months)

12 - 60

BP Federal Credit Union Personal Loan Review

BP Federal Credit Union Personal Loan is offered by BP Federal Credit Union, a credit union founded in 1937 and based in Houston, TX. BP Federal Credit Union Personal Loan are available in 50 states and Washington, DC.

Key Takeaways

APRs starting at 9.90%. Personal loan interest rates typically range between 9% and 36%. The starting rates for BP Federal Credit Union Personal Loan 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 Personal Loan.

BP Federal Credit Union Personal Loan Pros & Cons

Pros

Cons

Accepts cosigners and coborrowers.

Charges an origination fee.
Does not offer pre-approval with soft credit pull.
Charges prepayment fees.
Charges a late fee of up to $25.00

BP Federal Credit Union Personal Loan FAQ

What interest rates and personal loan terms does BP Federal Credit Union Personal Loan offer?

What interest rates does BP Federal Credit Union Personal Loan offer?

BP Federal Credit Union Personal Loan offers a fixed APR personal loan product that starts at 9.90% APR.

What is the maximum loan term you can get with BP Federal Credit Union Personal Loan?

BP Federal Credit Union Personal Loan offers loans with terms of up to 60 months.

BP Federal Credit Union Personal Loan Interest Rates & Loan Terms

Personal Loan Amount

N/A

Loan Term

12 - 60 months

APR

Starting at 9.90%

What fees does BP Federal Credit Union Personal Loan charge?

Does BP Federal Credit Union Personal Loan charge an origination fee?

BP Federal Credit Union Personal Loan may charge a personal loan origination fee .

Does BP Federal Credit Union Personal Loan charge a late fee?

Yes, BP Federal Credit Union Personal Loan 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 Personal Loan charge prepayment fees?

No, BP Federal Credit Union Personal Loan 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.

BP Federal Credit Union Personal Loan Fees

Origination Fee

Prepayment Fee

N/A

Late Payment Fee

up to $25.00

What do you need to qualify for BP Federal Credit Union Personal Loan?

BP Federal Credit Union Personal Loan 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 Personal Loan 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 Personal Loan.

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

BP Federal Credit Union Personal Loan Eligibility Criteria

Minimum Age

Bank Account Required?

Application Types Accepted

Co-borrowers
Cosigners
Individual Applications

Credit Score

N/A

Does BP Federal Credit Union Personal Loan report your account activity to credit bureaus?

Yes, BP Federal Credit Union Personal Loan 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 Personal Loan 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 Personal Loan 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.

Contact

Headquarters

15455 Memorial Dr

Suite 200

Houston, TX 77079

(281) 870-8000

Visit Site

Email Support

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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APR

Starting at 5.26%

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Amount Range

N/A

Loan Term (Months)

Up to 60

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BP Federal Credit Union Vacant Land Loans

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APR

Starting at 7.75%

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Amount Range

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SuperMoney Net Recommendation Score

This product has no reviews yet. Help others by sharing your thoughts.

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.