Communication FCU Personal Loans

Communication FCU Personal Loans Review

Communication FCU Personal Loans is offered by Communication Federal Credit Union, a credit union founded in 1939 and based in Oklahoma City, OK. Communication FCU Personal Loans are available in 50 states (and Washington, DC).

Key Takeaways

• APRs starting at 13.24%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Communication FCU Personal Loans are on the higher end of the spectrum.
• Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your Communication FCU Personal Loans early.

Communication FCU Personal Loans Pros & Cons

Pros	Cons
Considers applicants with fair credit.	Charges an origination fee. Does not offer pre-approval with soft credit pull. Charges prepayment fees. Charges a late fee

Communication FCU Personal Loans FAQ

What interest rates and personal loan terms does Communication FCU Personal Loans offer?

Communication FCU Personal Loans has higher than average interest rates for lenders reviewed on SuperMoney.

What fees does Communication FCU Personal Loans charge?

What do you need to qualify for Communication FCU Personal Loans?

Applicants with a credit score of at least 600 and up to 850 may be eligible for Communication FCU Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Communication FCU Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Communication FCU Personal Loans only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Communication FCU Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Communication FCU Personal Loans.

To qualify, applicants may need to provide the following documentation:

• Proof of income
• Driver's license
• Proof of identity
• Proof of citizenship or residence permit

Communication FCU Personal Loans Eligibility Criteria

Minimum Age	18
Bank Account Required?	No
Application Types Accepted	Individual Applications
Credit Score	600 - 850

Does Communication FCU Personal Loans report your account activity to credit bureaus?

Yes, Communication FCU Personal Loans reports your account activity to the following credit reporting agencies:

• 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 improve your credit.

Are Communication FCU Personal Loans legit?

Communication Federal Credit Union was founded in 1939, it is a well-established company that has been in business for 84 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.