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  Schools First Federal Credit Union Personal Loans
Schools First Federal Credit Union Personal Loans
in Personal Loans from Schools First Federal Credit Union
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Schools First Federal Credit Union Personal Loans

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in Personal Loans from Schools First Federal Credit Union
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Highlights
APR  (Fixed APR) 7.95% - 18%
Loan Amount $500 - $50,000
Loan Term (Months) Up to 60 months

Schools First Federal Credit Union Personal Loans Review

Schools First Federal Credit Union Personal Loans is offered by Schools First Federal Credit Union, a credit union founded in 1934 and based in Santa Ana, CA. Schools First Federal Credit Union Personal Loans is available in 1 state across the USA.

Key Takeaways

  • APRs starting at 7.95%. These are average starting rates for a personal loan. If you have good credit you may qualify for a loan with better rates.
  • Large loan amounts. You can apply for loan amounts of up to $50,000 with Schools First Federal Credit Union Personal Loans.
  • Prequalified rate. You can check your prequalified rate at Schools First Federal Credit Union with a soft pull that will not affect your credit score.

Schools First personal loan Pros & Cons

Pros Cons
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Charges an origination fee.
  • Charges a late fee.

Schools First personal loan FAQ

What interest rates and personal loan terms does Schools First personal loan offer?

Schools First personal loan has lower than average interest rates for lenders reviewed on SuperMoney.

What interest rates does Schools First personal loan offer?

Schools First personal loan offers a fixed APR personal loan product that ranges from 7.95% APR up to 18% APR.

How much can you borrow via Schools First personal loan?

Business loan amounts start at $500 and go up to $50,000.

What is the maximum loan term you can get with Schools First personal loan?

Schools First personal loan offers loans with terms of up to 60 months.

Schools First personal loan Interest Rates & Loan Terms
Personal Loan Amount $500 - $50000
Loan Term up to 60 months
APR 7.95% - 18%

What fees does Schools First personal loan charge?

Does Schools First personal loan charge an origination fee?

Schools First personal loan may charge a personal loan origination fee.

Does Schools First personal loan charge a late fee?

No, Schools First personal loan will not charge you a late fee if you miss one of the monthly payments.

Does Schools First personal loan charge prepayment fees?

No, Schools First personal loan 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.

Schools First personal loan Fees
Origination Fee No
Prepayment Fee No
Late Payment Fee No

What do you need to qualify for Schools First Federal Credit Union Personal Loans?

Applicants with a credit score of at least 580 and up to 840 may be eligible for Schools First Federal Credit Union Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Schools First Federal Credit Union Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Schools First Federal Credit Union Personal Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

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 Schools First Federal Credit Union Personal Loans. Their rates fall within the limits of The Military Lending Act.

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

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

  • Proof of income
  • Government issued photo ID
  • Proof of identity
  • Proof of residence
Schools First personal loan Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Credit Score 580 - 840

Does Schools First Federal Credit Union Personal Loans report your account activity to credit bureaus?

Yes, Schools First Federal Credit Union 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.

Is Schools First Federal Credit Union a legit company?

Schools First Federal Credit Union was founded in 1934, 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.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 9:00am - 2:00pm

Other Services by Schools First Federal Credit Union

Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

No Prepayment Fee
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
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
  • Tax Returns
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Proof of Residence
  • Government Issued Photo ID
  • Social Security Number
Credit Score Range 580 - 840
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Options
  • Automatic Payments
  • Check by mail
  • Storefront
  • Credit/Debit Card
  • Cash
  • Bank Transfer
Pre-Approved Soft Credit Inquiry
Loan Amount $500 - $50,000
APR (Fixed APR) 7.95% - 18%
Loan Term Up to 60 months

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