Leominster CU Personal Loans
Leominster CU Personal Loans
in Personal Loans from Leominster Credit Union

Leominster CU Personal Loans

in Personal Loans from Leominster Credit Union
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APR  (Variable APR) Up to 13%
(Verified 08/30/2023)
Loan Amount $500 - $25,000
Loan Term (Months) Up to 72 months

Leominster CU Personal Loans Review

Leominster CU Personal Loans is offered by Leominster Credit Union, a credit union founded in 1954 and based in Leominster, MA. Leominster Personal Loans are available in 50 states (and Washington, DC).

Key Takeaways

  • Uses a variable APR. This is uncommon for personal loans. If interest rates rise in the future it could make the monthly payments more challenging.
  • Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your Leominster CU Personal Loans early.
  • Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Leominster CU Personal Loans.
  • Super long loan terms. Leominster CU Personal Loans offers loan terms of up to 72 months. Most personal loans have a maximum term of 60 months.

Leominster Personal Loans 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

Leominster Personal Loans FAQ

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

Leominster Personal Loans has lower than average interest rates for lenders reviewed on SuperMoney.

What interest rates does Leominster Personal Loans offer?

Leominster Personal Loans offers a variable APR personal loan product up to 13% APR.

How much can you borrow via Leominster Personal Loans?

Personal loan amounts start at $500and go up to $25,000

What is the maximum loan term you can get with Leominster Personal Loans?

Leominster Personal Loans offers loans with terms of up to 72 months.

Leominster Personal Loans Interest Rates & Loan Terms
Personal Loan Amount $500 - $25000
Loan Term up to 72 months
APR up to 13%

What fees does Leominster Personal Loans charge?

Does Leominster Personal Loans charge an origination fee?

Leominster Personal Loans may charge a personal loan origination fee.

Does Leominster Personal Loans charge a late fee?

No, Leominster Personal Loans will not charge you a late fee if you miss one of the monthly payments.

Does Leominster Personal Loans charge prepayment fees?

No, Leominster Personal 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.

Leominster Personal Loans Fees
Origination Fee No
Prepayment Fee N/A
Late Payment Fee No

What do you need to qualify for Leominster CU Personal Loans?

Leominster CU Personal 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.

Leominster CU Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Leominster CU Personal Loans only considers borrowers who are employed. Note that borrowers can add a cosigner or a co-borrower 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 Leominster CU 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 Leominster CU Personal Loans.

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

  • Driver's license
  • Proof of identity
  • Proof of citizenship or residence permit
Leominster Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Co-borrowers
  • Cosigners
  • Individual Applications
Credit Score N/A

Does Leominster CU Personal Loans report your account activity to credit bureaus?

Yes, Leominster CU 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 Leominster CU Personal Loans legit?

Leominster Credit Union was founded in 1954, it is a well-established company that has been in business for 69 years.

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

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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.


  Available in 50 states and Washington, D.C.
  • 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

Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Co-borrower
  • Cosigner
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • Cash
  • 1099 Misc. Income
  • Tax Returns
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Social Security Number
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Options
  • Automatic Payments
  • Credit/Debit Card
  • Bank Transfer
APR Type Variable APR
Loan Amount $500 - $25,000
APR (Variable APR) Up to 13%
(Verified 08/30/2023)
Loan Term Up to 72 months

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