
Consumers Credit Union Personal Loan
Would you recommend Consumers Credit Union Personal Loan to your friends?
Community Rating | Strongly recommended |
APR (Fixed APR) |
Starting at 8.99% (Verified 08/04/2023) |
Loan Amount | $500 - $40,000 |
Loan Term (Months) | Up to 72 months |
Number of Reviews | 14 |
Consumers Credit Union Personal Loan Review
Consumers Credit Union Personal Loan is offered by Consumers Credit Union, a credit union founded in 1930 and based in Waukegan, IL. Consumers Credit loans are available in 50 states (and Washington, DC).
Key Takeaways
- APRs starting at 8.99%. Rate is quoted with autopay discount*. These are typical starting rates for personal loans.
- Strongly recommended. 9 out of 14 SuperMoney community members recommended Consumers Credit Union Personal Loan.
- Cosigner applications accepted. Applying for Consumers Credit Union Personal Loan with a cosigner can improve your chances of approval and help you qualify for lower interest rates.
- Super long loan terms. Consumers Credit Union Personal Loan offers loan terms of up to 72 months. Most personal loans have a maximum term of 60 months.
- Minimum income of $6,000. You will need an annual income of at least $6,000 to apply for Consumers Credit Union Personal Loan, which is below average for the lenders in our database
Consumers Credit loans Pros & Cons
Pros | Cons |
---|---|
|
|
Consumers Credit loans FAQ
What interest rates and personal loan terms does Consumers Credit loans offer?
What interest rates does Consumers Credit loans offer?
Consumers Credit loans offers a fixed APR personal loan product that starts at 8.99% APR. Rate is quoted with autopay discount*.
How much can you borrow via Consumers Credit loans?
Personal loan amounts start at $500and go up to $40,000
What is the maximum loan term you can get with Consumers Credit loans?
Consumers Credit loans offers loans with terms of up to 72 months.
Personal Loan Amount | $500 - $40000 |
Loan Term | up to 72 months |
APR | Starting at 8.99%
Rate is quoted with autopay discount* |
What fees does Consumers Credit loans charge?
Does Consumers Credit loans charge an origination fee?
Consumers Credit loans may charge a personal loan origination fee.
Does Consumers Credit loans charge a late fee?
Yes, Consumers Credit loans may charge borrowers a late payment fee if you miss one of the monthly payments of up to $29.
Does Consumers Credit loans charge prepayment fees?
No, Consumers Credit 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 | No |
Late Payment Fee | $29 |
What do you need to qualify for Consumers Credit Union Personal Loan?
Applicants with a credit score of at least 700 and up to 840 may be eligible for Consumers Credit Union Personal Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.To qualify for personal loans with Consumers Credit Union Personal Loan, applicants need a minimum annual income of $6,000 or higher. Consumers Credit Union Personal Loan only considers borrowers who are employed and meet the minimum income requirement. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.
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 Consumers Credit Union Personal Loan. 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 Consumers Credit Union Personal Loan.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Proof of income
- Driver's license
- Government issued photo ID
- Proof of identity
Minimum Age | 18 |
Bank Account Required? | No |
Application Types Accepted |
|
Credit Score | 700 - 840 |
Does Consumers Credit Union Personal Loan report your account activity to credit bureaus?
Yes, Consumers Credit Union Personal Loan 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 Consumers Credit Union Personal Loan legit?
Consumers Credit Union was founded in 1930, it is a well-established company that has been in business for 93 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
Contact
- Headquarters
-
2750 Washington St
Waukegan, IL 60085 USA - Visit Site
- Email Support
Other Services by Consumers Credit Union
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
Late Fee Amount | $29 |
No Interest Grace Period for Late Payment | 10 days |
No Prepayment Fee |
Consumers Credit Union Personal Loan Community Reviews
Would you recommend Consumers Credit Union Personal Loan to your friends?
- Aspen Financial Direct Personal Loans
- CSE Credit Union Personal Loan
- Discover Personal Loans
- Dover Federal Personal Loans
- Duke University CU Personal Loans
- HEB Federal Credit Union Personal Loans
- Helix by Bank of Orrick Personal Loans
- Laurel Road Personal Loans
- Lisbon Community FCU Construction Loans
- Plain Green Loans
- Simple Fast Loans Installment Loan
- TitleMax Personal Loans