Great Lakes Credit Union is a student loans lender based in Bannockburn, IL. It was founded in 1938 and offers student loans in 2 states across the USA.
Great Lakes Credit Union offers variable rate APRs that range from 4.31% to 10.42%.
Great Lakes Credit Union requires borrowers to have a balance of at least $2500 to process an in-school private student loan application.
No, Great Lakes Credit Union does not charge a loan origination fee.
A loan origination fee is what some student loan providers charge for underwriting, processing, or funding a loan. Lenders can charge borrowers 0.5% to 5% of the loan amount. In most cases, it is best to choose a lender that does not charge an origination fee, such as Great Lakes Credit Union.
No, Great Lakes Credit Union does not charge prepayment penalties. This means you will not have to pay additional fees if you decide to pay the loan off early.
Great Lakes Credit Union provides loans of 5 to 20 years.
Borrowers can add a cosigner to the loan to either meet eligibility requirements or qualify for lower interest rates.
Great Lakes Credit Union offers borrowers unemployment protection. This means that if you lose your job -- or you have just finished school -- your loan payments are placed on a temporary hold.
Great Lakes Credit Union considers loans applications from:
Be the first to write a review for this company!Write a Review