Personal Loans

Our personal loans offer an excellent opportunity to finance big expenses at our lowest interest rates.

Use a personal loan to fund your unique needs, including:

  • Overseas travel
  • Additional school expenses
  • Cash savings for the unexpected

We offer a variety of term lengths and interest rates, and you can pay the loan off before the end of your term with no penalty. Personal loans offer the stability of a fixed rate and fixed monthly payment.

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Personal Loan Options

Personal Loans: Available for any purpose. No collateral is required; qualifying applicants can borrow on the strength of their signature alone.

Line of Credit: The Line of Credit is an open-ended loan associated with the checking account and used primarily for overdraft protection, although it may be used for any purpose.

Share Secured & Share Certificate Secured*: You may borrow from the Credit Union at preferred rates by using your Share Account or Share Certificate Account (excluding Individual Retirement Accounts) as collateral.

Debt Consolidation Calculator

With interest rates at historical lows, it may make sense to consolidate some of your credit card and other personal debt into a new consolidated loan, typically a home-equity loan. Consolidation loans can significantly reduce your required monthly payment because they are generally amortized over 10 or 15 years. Use this debt consolidation calculator to determine how quickly you could get out of debt and how much interest you might save

Debt Consolidation Calculator

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Member Loyalty Rewards

Get more benefits from your membership with BFSFCU!  Enjoy further loan rate discounts on Personal and Auto Loans for being a loyal member of your Credit Union. 

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Table data for Personal Loans
 06-15-2019
Account Description Approximate Term Annual Percentage Rate (APR) Introductory Annual Percentage Rate Payment Example ($3,000 loan amount) Alert Me
Personal, Fixed 36 Months 7.990% 36 payments of $93
Personal, Fixed 48 Months 8.490% 48 payments of $73
Personal, Fixed 60 Months 8.990% 60 payments of $62
Personal, Fixed 72 Months 9.490% 72 payments of $55
Personal, Variable 96 Months 7.250% 7.250%1 96 payments of $41
Education, Fixed 36 Months 6.740% 36 payments of $92
Education, Fixed 48 Months 6.990% 48 payments of $72
Education, Fixed 60 Months 7.240% 60 payments of $61
Education, Fixed 72 Months 7.490% 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 2.750% 2.750%1 96 payments of $35
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.↵

Further Resources

* The 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 open date; the Change Date.

Personal Loans