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  Visions Federal Credit Union Personal Loans

Visions Federal Credit Union Personal Loans

in Personal Loans from Visions Federal Credit Union

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Visions Federal Credit Union Personal Loans

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in Personal Loans from Visions Federal Credit Union

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Highlights
Highlights
Loan Amount $500 - $40,000
APR  (Variable APR) Starting at 6.49%
Loan Term 60 - 180 months

Visions Federal Credit Union Personal Loans Review

Visions Federal Credit Union Personal Loans is offered by Visions Federal Credit Union, a credit union founded in 1966 and based in Endicott, NY. Visions Federal Credit Union Personal Loans is available in 3 states across the USA.

Key takeaways

  • Fair credit accepted. The credit score needed for Visions Federal Credit Union Personal Loans is relatively low. Borrowers with a credit score as low as 590 may qualify for Visions Federal Credit Union Personal Loans.
  • Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your Visions Federal Credit Union Personal Loans early.
  • Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Visions Federal Credit Union Personal Loans.
  • Super long loan terms. Visions Federal Credit Union Personal Loans offers loan terms of up to 180 months. Most personal loans have a maximum term of 60 months.

Visions Federal Credit Union Personal Loans Pros and Cons:

Pros Cons
  • Low APRs available to qualified borrowers.
  • Considers applicants with poor credit.
  • Charges an origination fee.
  • Charges prepayment fees.
  • Charges a late fee.

What rates and terms does Visions Federal Credit Union Personal Loans offer?

Visions Federal Credit Union Personal Loans has lower interest rates than the average for lenders reviewed on SuperMoney.

What APR rate does Visions Federal Credit Union Personal Loans offer?

Visions Federal Credit Union Personal Loans offers a variable APR personal loan product that starts at 6.49% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

How much can you borrow via Visions Federal Credit Union Personal Loans?

Loan amounts start at $500 and go up to $40,000.

What can a personal loan from Visions Federal Credit Union Personal Loans be used for?

Personal loans from Visions Federal Credit Union Personal Loans are typically used for special purchases or similar purposes.

What is the maximum loan term you can get with Visions Federal Credit Union Personal Loans?

Visions Federal Credit Union Personal Loans offers personal loans with terms ranging from 60 to 180 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

Visions Federal Credit Union Personal Loans Rates & Terms
Loan Amount $500 - $40000
Loan Term 60 - 180 months
APR Starting at 6.49%

What fees does Visions Federal Credit Union Personal Loans charge?

Does Visions Federal Credit Union Personal Loans charge an origination fee?

Visions Federal Credit Union Personal Loans may charge a loan origination fee.

Does Visions Federal Credit Union Personal Loans charge a late fee?

Yes, Visions Federal Credit Union Personal Loans may charge borrowers a late payment fee.

Does Visions Federal Credit Union Personal Loans charge prepayment fees?

Yes, Visions Federal Credit Union Personal Loans 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 loan early.

Visions Federal Credit Union Personal Loans Fees
Origination Fee N/A
Prepayment Fee? Yes
Late Payment Fee N/A

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

Applicants with a credit score of at least 590 and up to 840 are eligible for Visions Federal Credit Union Personal Loans. The minimum age to be eligible is 14 or the state minimum, whichever is higher.

Visions Federal Credit Union Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Visions Federal Credit Union Personal Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

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 Visions 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 Visions 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:

  • Government issued photo ID
  • Proof of identity
  • Proof of residence
Visions Federal Credit Union Personal Loans Eligibility Criteria
Minimum Age 14
Bank Account Required? No
Application Types Accepted
  • Co-borrowers
  • Cosigners
  • Individual Applications
  • Credit Score 590 - 840

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

    Visions 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 can help improve your credit score.

    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...

    Contact

    • Headquarters
    •   24 McKinley Avenue
      Endicott, NY 13760
    •   Visit Site

    Hours of Operation

    • Sunday Closed
    • Monday 8:30am - 6:00pm
    • Tuesday 8:30am - 6:00pm
    • Wednesday 8:30am - 6:00pm
    • Thursday 8:30am - 6:00pm
    • Friday 8:30am - 6:00pm
    • Saturday 8:30am - 2:00pm

    Other Services by Visions Federal Credit Union

    Availability

      Available in 3 states
    • New Jersey
    • New York
    • Pennsylvania

    Feature Breakdown

    Cosigner Optional  
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Co-borrower
    • Cosigner
    • Individual Applications
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Minimum Age 14
    Supported Income Types
    • 1099 Misc. Income
    • Cash
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    • Tax Returns
    Verification Documents Required
    • Government Issued Photo ID
    • Proof of Identity
    • Proof of Residence
    • Social Security Number
    Credit Score Range 590 - 840
    Credit Bureau Reporting
    • Equifax
    • Experian
    • TransUnion
    Joint Loans Available  
    Payment Options
    • Automatic Payments
    • Bank Transfer
    • Cash
    • Check by mail
    • Storefront
    Pre-Approved Soft Credit Inquiry  
    Loan Amount $500 - $40,000
    APR (Variable APR) Starting at 6.49%
    Loan Term 60 - 180 months

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