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  Members First Community Credit Union The Smart Option Student Loan

Members First Community Credit Union The Smart Option Student Loan

in Private Student Loans from Members First Community Credit Union

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Members First Community Credit Union The Smart Option Student Loan

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in Private Student Loans from Members First Community Credit Union

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Highlights
Loan Amount Starting at $1,000
Fixed APR 4.25% - 12.59%
Variable APR 1.25% - 11.35%

Members First Community Credit Union The Smart Option Student Loan Review

Members First Community Credit Union The Smart Option Student Loan is offered by Members First Community Credit Union, a credit union founded in 1954 and based in Quincy, IL. Members First Community Credit Union The Smart Option Student Loan is available in 1 state across the USA.

Members First Community Credit Union The Smart Option Student Loan FAQ

What rates does Members First Community Credit Union The Smart Option Student Loan offer for in-school private student loan?

Members First Community Credit Union The Smart Option Student Loan has a variable APR that ranges from 1.25% up to 11.35%.

It offers a fixed APR that ranges from 4.25% up to 12.59%.

How much can you borrow from Members First Community Credit Union The Smart Option Student Loan?

Available loan amounts may vary by applicant but Members First Community Credit Union The Smart Option Student Loan has a minimum loan amount of 1K

Does Members First Community Credit Union The Smart Option Student Loan charge an origination fee?

No, Members First Community Credit Union The Smart Option Student Loan does not charge a loan origination fee.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does Members First Community Credit Union The Smart Option Student Loan charge prepayment fees?

No, Members First Community Credit Union The Smart Option Student Loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

What terms does Members First Community Credit Union The Smart Option Student Loan offer?

Members First Community Credit Union The Smart Option Student Loan provides repayment terms ranging from 5 to 15 years.

What type of borrowers will Members First Community Credit Union The Smart Option Student Loan consider?

Members First Community Credit Union The Smart Option Student Loan considers loans applications from:

  • undergraduate students

What do you need to qualify for Members First Community Credit Union The Smart Option Student Loan?

Members First Community Credit Union The Smart Option Student Loan does not require or does not disclose a credit score minimum.

Members First Community Credit Union The Smart Option Student Loan does not have or does not disclose a minimum annual income eligibility requirement.

U.S. citizens are, of course, eligible for the services offered by Members First Community Credit Union The Smart Option Student Loan. Permanent resident / green card holders are also eligible to apply.

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

  • Recent pay stubs
  • Proof of income
  • Recent bank statements
  • Driver's license
  • Government issued photo ID
  • Proof of identity
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Availability

  Available in 1 state
Illinois
Availabile in all of Illinois

Feature Breakdown

No Origination Fee
No Prepayment Fee
Origination Fee ($) $0
Origination Fee (%) 0%
Co-signing Allowed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Options Automatic Payments
Loan Term 5 - 15 years
Up to Cost of Attendance
Fixed APR 4.25% - 12.59%
Variable APR 1.25% - 11.35%
Loan Amount Starting at $1,000

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