Louisiana Federal Personal Loans

Louisiana Federal Personal Loans Review

Louisiana Federal Personal Loans is offered by louisiana federal credit union, a credit union founded in 1935 and based in LaPlace, LA. louisiana federal personal loans are available in 1 state across the USA.

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. Personal loan interest rates typically range between 5% and 36%. The starting rates for Louisiana Federal Personal Loans are on the lower end of the spectrum.
• No origination fee. Louisiana Federal Personal Loans does not charge a loan origination fee.

louisiana federal personal loans Pros & Cons

Pros	Cons
Low APRs available to qualified borrowers. $0 prepayment fee. Loan options with $0 origination fee.	Does not offer pre-approval with soft credit pull. Charges a late fee

louisiana federal personal loans FAQ

What interest rates and personal loan terms does louisiana federal personal loans offer?

louisiana federal personal loans has lower than average interest rates for lenders reviewed on SuperMoney.

What fees does louisiana federal personal loans charge?

What do you need to qualify for Louisiana Federal Personal Loans?

Louisiana Federal 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.

Louisiana Federal Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Louisiana Federal 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 Louisiana Federal 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 Louisiana Federal 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

louisiana federal personal loans Eligibility Criteria

Minimum Age	18
Bank Account Required?	No
Application Types Accepted	Individual Applications
Credit Score	N/A

Does Louisiana Federal Personal Loans report your account activity to credit bureaus?

Yes, Louisiana Federal 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 Louisiana Federal Personal Loans legit?

Louisiana Federal Credit Union was founded in 1935, it is a well-established company that has been in business for 88 years.

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