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PERSONAL LOAN

Personal Loans at Wayne Westland Federal Credit Union

DO YOU NEED EXTRA CASH FOR A VACATION, A GIFT, OR AN EMERGENCY?

Get the money you need now at a great rate!

If you need to take care of big-ticket purchases, apply for a low-rate personal loan from Wayne Westland Federal Credit Union. Use the money to pay for a new computer, college tuition, personal watercraft, dream vacation, or anything else you may need.

Unlike your credit card, a personal loan gives you the comfort of knowing when your loan will be paid off. You'll also enjoy lower payments and possibly, lower interest costs.

  • Attractive APR. Credit union personal loans charge those wishing to borrow money the equivalent of 2% or £2 per month. They present an affordable alternative to both pawnbroker loans that charge about £8 per £100 borrowed or Payday loans that charge £20 per £100 borrowed;
  • Affordable borrowing. Members wishing to take out a personal loan from a credit union will need to prove that monthly repayments are affordable. This involves producing a budgetary statement and proving affordability;
  • No penalties. It is possible to repay a credit union personal loan at any time without accruing costly penalties. This serves to help reduce the amount of interest paid;

 
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