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Personal Loans

We get that sometimes you need a little extra wiggle room for whatever it is that you’re dreaming about. A Pen Air personal loan is a great option to give you the personalized solutions and flexibility you need. We make it easy!

Already a member? 

 Want to become a member and apply for a personal loan? It’s easy!

Our competitive rates and a fixed monthly repayment plan will have you reaching your dreams sooner! This short-term loan is approved for a set amount; the payment and terms are then scheduled for repayment.

What you should know:

  • Debt consolidation, medical expenses or emergencies
  • Vacation, home improvements, a pool, appliance upgrades or college expenses
  • No collateral required for approval
  • Competitive rates starting as low as 5.90%  APR1
  • Loans from $500 to $25,0002
  • Terms range from 1 to 5 years3
  • Quick funding
  • No prepayment penalities4. Pay early and save on interest
  • No origination fees
Loan TypeApprox. TermAPR*
Personalup to 60 mos5.90% to 18%

Line of Credit

A Pen Air line of credit is a set loan amount that is extended to you as an unsecured loan. As each purchase or advance is made by you, the amount is debited from your approved line of credit amount. As payments are made, including the interest on the advanced amount, those funds become available to you again.

What you should know:

  • Emergency uses
  • Quick access to funds
  • Fixed rate
  • No origination fees
Loan TypeApprox. TermAPR*
Line of Creditup to 60 mos14.9%

Personal Loan Disclosures
Rates are effective as of September 18, 2019
©2019 Pen Air Federal Credit Union.  *APR = Annual Percentage Rate. 1Rates as low as 5.90% APR. All rates are based on an evaluation of credit history, so you rate may differ. All loans are subject to credit approval. 2Loans range from minimum of $500 to a maximum loan amount of $25,000. A $5,000 personal for 5 years at 8.90% APR will have a monthly payment of $103.58. 3Term of up to 60 months. Maximum loan term will depend on the amount of the loan. 4No application fee or prepayment penalty. Additional terms, conditions and restrictions may apply. Rates are subject to change without notice. Rates not applicable for existing Pen Air loans.
Personal Line of Credit Disclosures
The APR is the Credit Union’s Standard Rate. The rate is fixed. The rate you qualify to receive may vary depending on individual credit history and underwriting factors. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice.