Back To School Loan

Need Extra Funds for School Supplies?

For as little as 6.99% APR, get the funds you need to start the school year off right.

  • No collateral required
  • Easy and convenient Online Application
  • Funds deposited directly to your checking account

Take advantage of our low personal loan rates and use the funds for any purpose, such as:

  • Technology essentials like a new laptop or smartphone
  • Private school or Before/After Care program fees
  • Tutoring, advanced placement, or athletic program costs
  • Uniforms and classroom supplies

With our low rate of 6.99% APR, you can take up to 36 months to repay the loan; or pay the loan off before the end of your term with no penalty.

Table data for Payment Example
 08/01/2018
Loan Amount Monthly Payment Alert Me
$3,000 36 payments of $93

But hurry, this competitive rate won’t last long! To learn more, call us at 202-212-6400.

Apply Now

Table data for Personal Loans
 10-22-2018
Account Description Approximate Term Annual Percentage Rate (APR) Introductory Annual Percentage Rate Payment Example ($3,000 loan amount) Alert Me
Personal, Fixed 36 Months 6.990% 36 payments of $93
Personal, Fixed 48 Months 7.990% 48 payments of $73
Personal, Fixed 60 Months 8.990% 60 payments of $62
Personal, Fixed 72 Months 10.490% 72 payments of $56
Personal, Variable 96 Months 7.250% 7.250%1 96 payments of $41
Education, Fixed 36 Months 5.990% 36 payments of $91
Education, Fixed 48 Months 6.990% 48 payments of $72
Education, Fixed 60 Months 7.990% 60 payments of $61
Education, Fixed 72 Months 9.990% 72 payments of $56
Education, Variable 120 Months 6.250% 6.250%1 120 payments of $34
Line of Credit/Reserve, Variable2 10.250% 10.250%1
Share-Secured, Variable3 96 Months 2.070% 2.070%1 96 payments of $34
Pension Loan, Fixed4 72 Months 5.450% 72 payments of $49
Pension Loan, Fixed4 120 Months 6.200% 120 payments of $34
Pension Loan, Variable4 120 Months 4.750%5 120 payments of $31
Loan programs and interest rates on this page are subject to change and/or cancellation without notice. This is not a guaranteed offer of credit; underwriting guidelines apply.
  • 1Personal and Education variable rate loans are offered with the above shown six-month introductory rate; during the Introductory Rate Period your rate will not change. Following the expiration of the Introductory Rate Period, this plan will have a Variable Rate feature. The ANNUAL PERCENTAGE RATE (APR) for variable rate changes may increase in accordance with the Wall Street Journal Prime Rate (“Index”) plus a Margin. APR changes will occur every six (6) months on the anniversary of the account open date, which is referred to as the Change Date. For Line of Credit / Reserve accounts, the rate on new advances and existing balances is subject to change every six (6) months on the anniversary of the account open date or Change Date. If there is an existing balance on the date of a new advance, the existing balance will be added to the new advance and the entire balance will be at the new APR. An increase in the rate may result in more payments.
  • 2For overdraft checking transactions the Line of Credit/Reserve is advanced in $5.00 increments, your minimum payment will be the greater amount, $15.00 or 2.000% of the outstanding balance.
  • 3The ANNUAL PERCENTAGE RATE (APR) for Share-Secured Variable Loans will be the dividend rate being paid on the BFSFCU Savings Account in accordance with the Index plus a Margin (currently 2.00%). The rate is subject to change every six (6) months thereafter on the anniversary of the account open date; the Change Date. An increase in the rate will result in more payments of the same amount. Share Certificate-Secured Loans are also available. The ANNUAL PERCENTAGE RATE (APR) for Share Certificate-Secured Variable Loans will be the dividend rate being paid on the Share Certificate Account designated in accordance with the Index plus a Margin (currently 2.00%).
  • 4New money only. Maximum loan amount is $75,000 per year with a total aggregate amount of $150,000. All loan approvals are subject to normal underwriting procedures. Applicant must provide a copy of their pension statement from their Human Resources department regarding eligible contribution amounts with application. Loan proceeds will be funded directly to the pension account. Other terms and conditions may apply.
  • 5The APR for variable rate changes may increase in accordance with the Wall Street Journal Prime Rate (“Index”) plus a Margin. APR changes will occur every six (6) months on the anniversary of the account open date, which is referred to as the Change Date.

* APR=Annual Percentage Rate. Rate and offer effective August 1, 2018 and subject to change without notice. All loan approvals are subject to normal underwriting procedures; this is not a guaranteed offer of credit. Other terms and conditions may apply.