SRP Personal Loans
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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
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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.
| 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.
| 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
| Minimum Age | N/A |
| Bank Account Required? | No |
| Application Types Accepted |
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| 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.
Contact
- Headquarters
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1070 Edgefield Rd
North Augusta, SC 29860 - (803) 278-4851
- Visit Site
- Email Support
Other Services by SRP Federal Credit Union
Availability
- 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 |
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| Immigration Status Considered |
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| Joint Loan Applications Accepted |
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| Military Status |
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| Supported Income Types |
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| Verification Documents Required |
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