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  MembersFirst Credit Union Personal Loan

MembersFirst Credit Union Personal Loan

in Personal Loans from MembersFirst Credit Union

Unaffiliated

MembersFirst Credit Union Personal Loan

Unaffiliated

in Personal Loans from MembersFirst Credit Union

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Highlights
APR  (Fixed APR) Starting at 9.9%
Loan Amount N/A
Loan Term (Months) Up to 48 months

MembersFirst Credit Union Personal Loan Review

MembersFirst Credit Union Personal Loan is offered by MembersFirst Credit Union, a credit union founded in 1953 and based in Decatur, GA. MembersFirst Credit Union Personal Loan is available in 1 state across the USA.

Key Takeaways
  • APRs starting at 9.9%. These are average starting rates for a personal loan. If you have good credit you may qualify for a loan with better rates.
  • Hard credit pull required. You can't check your rates or see if you prequalify for MembersFirst Credit Union Personal Loan without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
  • Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your MembersFirst Credit Union Personal Loan early.
MembersFirst Credit Union Personal Loan Pros & Cons
Pros Cons
  • Considers applicants with fair credit.
  • Charges an origination fee.
  • Do not offer pre-approval with soft credit pull.
  • Charges prepayment fees.
  • Charges a late fee.
MembersFirst Credit Union Personal Loan FAQ

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

What interest rates does MembersFirst Credit Union Personal Loan offer?

MembersFirst Credit Union Personal Loan offers a fixed APR personal loan product that starts at 9.9% APR.

What is the maximum personal loan term you can get with MembersFirst Credit Union Personal Loan?

MembersFirst Credit Union Personal Loan offers loans with

MembersFirst Credit Union Personal Loan Interest Rates & Loan Terms
Personal Loan Amount N/A
Loan Term up to 48 months
APR Starting at 9.9%

What fees does MembersFirst Credit Union Personal Loan charge?

Does MembersFirst Credit Union Personal Loan charge an origination fee?

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

Does MembersFirst Credit Union Personal Loan charge a late fee?

Yes, MembersFirst Credit Union Personal Loan may charge borrowers a late payment fee if you miss one of the monthly payments.

Does MembersFirst Credit Union Personal Loan charge prepayment fees?

Yes, MembersFirst Credit Union Personal Loan may charge additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a personal loan early.

MembersFirst Credit Union Personal Loan Fees
Origination Fee N/A
Prepayment Fee? Yes
Late Payment Fee N/A

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

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

MembersFirst Credit Union Personal Loan does not have or does not disclose a minimum annual income eligibility requirement. MembersFirst Credit Union Personal Loan 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 MembersFirst Credit Union Personal Loan. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by MembersFirst Credit Union Personal Loan. Permanent resident / green card holders are also eligible to apply.

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

  • Recent pay stubs
  • Proof of income
  • Recent bank statements
  • Driver's license
  • Government issued photo ID
  • Proof of identity
MembersFirst Credit Union Personal Loan Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Individual Applications
  • Credit Score 600 - 850

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

    Yes, MembersFirst 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.

    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.

    Availability

      Available in 1 state
    Georgia
    Availabile in all of Georgia

    Feature Breakdown

    Employment Statuses Considered
    • Other
    • Employed Full-Time
    • Employed Part-Time
    • Self-Employed
    • Retired
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Individual Applications
    Military Status
    • Active Duty Military
    • Non-Military
    • Veterans
    • Military Dependent
    Minimum Age 18
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Cash
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    Verification Documents Required
    • Driver License (or other photo ID)
    • Recent Pay Stubs
    • Proof of Income
    • Proof of Identity
    • Government Issued Photo ID
    • Recent Bank Statements
    • Social Security Number
    Credit Score Range 600 - 850
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Payment Options Automatic Payments
    APR (Fixed APR) Starting at 9.9%
    Loan Term Up to 48 months

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