Last Updated: 04/18/2025
Memphis CECU Personal Loans
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APR (Variable APR)
9.5%(Verified 06/21/2024)
Amount Range
Starting at $500
Loan Term (Months)
6 - 36
Memphis CECU Personal Loans Review
Memphis CECU Personal Loans is offered by Memphis City Employees Credit Union, a credit union founded in 1959 and based in Memphis, TN. memphis cecu personal loans are available in 1 state.
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. These are average interest rates for a personal loan. If you have good credit or a cosigner, you could probably find better rates.
- Short loan terms. Memphis CECU Personal Loans have loan terms as short as 6 months.
memphis cecu personal loans Pros & Cons
| Pros | Cons |
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memphis cecu personal loans FAQ
What interest rates and personal loan terms does memphis cecu personal loans offer?
What interest rates does memphis cecu personal loans offer?
memphis cecu personal loans offers a variable APR personal loan product of 9.5%.
How much can you borrow via memphis cecu personal loans?
Personal loan amounts start at $500 .
What is the maximum loan term you can get with memphis cecu personal loans?
memphis cecu personal loans offers loans with terms of up to 36 months.
| Personal Loan Amount | Starting at $500 |
| Loan Term | 6 - 36 months |
| APR | 9.5% |
What fees does memphis cecu personal loans charge?
Does memphis cecu personal loans charge an origination fee?
memphis cecu personal loans may charge a personal loan origination fee .
Does memphis cecu personal loans charge a late fee?
memphis cecu personal loans does not disclose whether it charges late payment fees.
Does memphis cecu personal loans charge prepayment fees?
No, memphis cecu 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.
| Origination Fee | No |
| Prepayment Fee | N/A |
| Late Payment Fee | No |
What do you need to qualify for Memphis CECU Personal Loans?
Memphis CECU 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. Memphis CECU Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Memphis CECU Personal Loans.
To qualify, applicants may need to provide the following documentation:
- Driver's license or other government photo ID
- Proof of identity
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | No |
| Credit Score | N/A |
Does Memphis CECU Personal Loans report your account activity to credit bureaus?
Yes, Memphis CECU Personal Loans reports to the following credit bureaus:
- 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 build your credit.
Does Memphis City Employees Credit Union perform a hard credit pull?
Yes, memphis cecu personal loans performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are Memphis CECU Personal Loans legit?
memphis city employees credit union was founded in 1959, it is a well-established company that has been in business for 67 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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Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 4:00PM
Saturday
Closed