Personal Loans
A little extra cash can go a long way
Life’s full of opportunities – sometimes expected and other times…
well, not so much. Our Personal Loans are just that – personal.
It’ll be there for whatever you need.
Credit Builder Loan
We get it, life happens. And sometimes that means your credit score might need a little help.
Credit Builder is a loan designed to help those with no credit or colorful credit.
Here’s how it works…
- We give you a loan and deposit the funds in an SCE Credit Union Savings account in your name, where it earns dividends
- You make on-time monthly payments based on simple terms we both agree upon
- As you repay, we report your good payment history to the credit bureaus, which helps build your credit
- As you make payments, the funds are made available to you1 – or you can leave the money in the account for whatever you choose
1Amount of funds made available to withdraw is based on payment amount, interest paid, and dividends earned.
Lines of Credit & Signature Loans
Lines of Credit & Signature Loans - Comparison Table
| Line of Credit Apply for a Line of Credit | Signature Loan Apply for a Signature Loan | Certificate-Secured Loan Apply for a Secured Loan | |
|---|---|---|---|
| Perfect for... | ...those who want to use the funds as needed | ...those who want all of the funds up front | ...those who want to borrow against their Certificate savings |
| Limit amounts | $250 to $25,0001 | $500 to $50,00012 | 100% of funds on deposit |
| Terms Loan Rates | Variable loan | Fixed loan from 12 to 60 months3 | Fixed loan4 |
| Digital Banking Digital Banking & Security |
1Loan amount based on creditworthiness and ability to repay. 2Debt consolidation may require financial counseling. 3Estimated monthly payment per $1,000 on a 24-month term at 8.50% APR is $45.46 and subject to change. 4Interest must be paid annually, if not on a repayment plan.
Quinceañera Loan
Give her the celebration of her dreams, without losing sleep over how to pay for it.
Applying is easy – with a valid Social Security number or ITIN.
1Maximum loan amount based on individual qualifications and ability to repay. 2Estimated monthly payment per $1,000 on a 12-month term at 8.50% APR is $87.20 and subject to change. Rates as low as 8.5% APR as of 12.8.22 on terms up to 24 months; rates subject to change and are based on individual credit. Longer terms available at higher rates with set minimum loan amounts.
