PERSONAL LOANS & LINES OF CREDIT
Let's get a little personal.
A custom fit loan that can cover almost any expense
When you need a loan or line of credit that is not a one-size-fits-all solution, PenAir offers a variety of options that will help you reach whatever goal you’re working toward.
Personal Loans
A Personal Loan will help you purchase that big ticket item that you’ve had your eye on with a set, monthly payment and term limit – all with a great low rate. Don’t wait for a pre-approved personal loan offer to come in the mail and apply online today instead.
Personal Line of Credit
Buy what you need, up to your credit limit, and pay interest only on the amount that you borrow. Lines of Credit are a good option when you want access to funds at any time.
Get personalized solutions and the flexibility you need
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Best for
Best for
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Approx. Term
Approx. Term
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Rate
Rate
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Funding Options
Funding Options
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Annual Fees
Annual Fees
Loan
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Best for
When you need a loan for a fixed amount, provided in a lump sum at a fixed rate.
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Approx. Term
Up to 60 mos
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Rate
Fixed, monthly repayment plan
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Funding Options
Single Lump Sum
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Annual Fees
No Annual Fees
Line of Credit
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Best for
When you want ongoing access to funds that can be used and re-use as needed.
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Approx. Term
60 mos
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Rate
Fixed Rate
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Funding Options
Digital Banking transfer, by check or in-person at any PenAir location
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Annual Fees
No Annual Fees
Go after your dreams
How will you use your funds?
We mean it when we say Personal Loans & Lines of Credit can cover almost any expense.
Debt consolidation
Medical expenses
Emergency repairs
Home improvements
Pools
College expenses
Weddings
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Term up to |
APR* |
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Rates are effective as of October 2, 2023 *APR = Annual Percentage Rate. Rates, terms, and conditions are subject to change and vary based on creditworthiness, qualifications, and amount of the loan. All loans are subject to approval. Rates as low as 7.90% APR. Interest will still accrue with the NO payment for 45 days offer. Loans range from a minimum of $500 to a maximum loan amount of $25,000. A personal loan for 5 years at 11.90% APR will have a monthly payment of $110.99. Term of up to 60 months. |
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Term up to 60 months |
APR* 7.90%* |
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Loan Type |
Approx. Term |
APR* |
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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. |
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Loan Type Personal Line of Credit |
Approx. Term up to 60 months |
APR* 14.9% |
Benefits of financing with PenAir
No collateral required for approval
Your rate is simply based on credit history and loan term.
Competitive rates
Not-for-profit means that we can give back to you by way of lower interest rates.
Loans from $500 to $25,000
Whether your borrowing needs are big or small, we’ve got you covered.
Flexible Term Range
Keep your monthly payment low with flexible terms.
Quick funding
We won’t keep you waiting on access to your funds.
No application fee or prepayment penalty
You have the choice to pay early and save on interest.
No origination fees
Because we like to keep things fee-free around here.
Need a little more information?
Maybe you’ll find what you’re looking for here.
A Personal Loan gives you a sum of money upfront and requires fixed monthly payments throughout your loan term. A Personal Line of Credit, on the other hand, lets you withdraw as much cash as you need at any point in time and pay it back on your own timeline with a variable interest rate.
Unlike a Personal Loan and other financing options where you receive a lump sum of money upfront, a Personal Line of Credit lets you withdraw funds as much — or as little — as you’d like. This means you won’t have to pay interest on any money you didn’t borrow. Our personal line of credit is a fixed rate.
Though Personal Lines of Credit offer some flexibility, there are some guidelines:
- Loan amounts: The maximum amount offered depends on the lender, but Lines of Credit typically run between $1,000 and $25,000.
You can apply online, in a branch, or call our MSC.