SRP Personal Loans
SRP Personal Loans
in Personal Loans from SRP Federal Credit Union

SRP Personal Loans

in Personal Loans from SRP Federal Credit Union
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APR  (Variable APR) 9.89% - 15.89%
(Verified 08/04/2023)
Loan Amount $250 - $5,000
Loan Term (Months) Up to 60 months

SRP Personal Loans Review

SRP Personal Loans is offered by srp federal credit union, a credit union founded in 1960 and based in North Augusta, SC. srp 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. These are average interest rates for a personal loan. If you have good credit or a cosigner, you could probably find better rates.
  • Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your SRP Personal Loans early.

srp personal loans Pros & Cons

Pros Cons
  • Charges an origination fee.
  • Does not offer pre-approval with soft credit pull.
  • Charges prepayment fees.
  • Charges a late fee

srp personal loans FAQ

What interest rates and personal loan terms does srp personal loans offer?

What interest rates does srp personal loans offer?

srp personal loans offers a variable APR personal loan product that ranges from 9.89% APR up to 15.89% APR.

How much can you borrow via srp personal loans?

Personal loan amounts start at $250and go up to $5,000

What is the maximum loan term you can get with srp personal loans?

srp personal loans offers loans with terms of up to 60 months.

srp personal loans Interest Rates & Loan Terms
Personal Loan Amount $250 - $5000
Loan Term up to 60 months
APR 9.89% - 15.89%

What fees does srp personal loans charge?

Does srp personal loans charge an origination fee?

srp personal loans may charge a personal loan origination fee.

Does srp personal loans charge a late fee?

No, srp personal loans will not charge you a late fee if you miss one of the monthly payments.

Does srp personal loans charge prepayment fees?

No, srp 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.

srp personal loans Fees
Origination Fee No
Prepayment Fee N/A
Late Payment Fee No

What do you need to qualify for SRP Personal Loans?

SRP Personal Loans does not require or does not disclose a credit score minimum.

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

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

  • Driver's license
  • Proof of identity
  • Proof of citizenship or residence permit
srp personal loans Eligibility Criteria
Minimum Age N/A
Bank Account Required? No
Application Types Accepted
  • Individual Applications
Credit Score N/A

Does SRP Personal Loans report your account activity to credit bureaus?

Yes, SRP 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 SRP Personal Loans legit?

SRP Federal Credit Union was founded in 1960, it is a well-established company that has been in business for 63 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.


Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 5:30pm
  • Tuesday 8:30am - 5:30pm
  • Wednesday 8:30am - 12:00pm
  • Thursday 8:30am - 6:00pm
  • Friday 8:30am - 6:00pm
  • Saturday Closed

Other Services by SRP Federal Credit Union


  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
  • Other
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
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
  • Over the Phone
  • Automatic Payments
  • Credit/Debit Card
  • Bank Transfer
APR Type Variable APR
Loan Amount $250 - $5,000
APR (Variable APR) 9.89% - 15.89%
(Verified 08/04/2023)
Loan Term Up to 60 months

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