SchoolsFirst Federal Credit Union Personal Loans review
In this SchoolsFirst Federal Credit Union Personal Loans review you will learn about this loan's benefit to school employees in California.
SchoolsFirst Federal Credit Union Personal Loans: a worthwhile option for school employees in California schools
Based in California, this credit union considers applicants with fair credit. Read on and find out everything you need to know in this SchoolsFirst Federal Credit Union Personal Loans review.
Offering exclusive membership to school employees and their families, SchoolsFirst Federal Credit Union was founded in 1938 in Santa Ana, CA.
It makes loans available only in that area for California school employees and their families. Keep reading and learn more.
- APR: 7.95% – 18%
- Loan Purpose: Auto Loans, Mortgage Purchase, Mortgage Refinance, Home Equity
- Loan Amount: $500 to $50,000
- Credit Needed: Fair
- Terms: Up to 60 months
- Origination Fee: Yes. Not specified.
- Late Fee: No
- Early Payoff Penalty: No
How do SchoolsFirst Federal Credit Union Personal Loans work?
SchoolsFirst Federal Credit Union offers the SchoolsFirst Federal Credit Union Personal Loans at APR starting at 7.95%. However, if you have good credit, you may be in a more advantageous position.
With a good credit score, it is possible for you to qualify for loans at better interest rates.
The lender lets you pre-qualify with a soft credit check. Since this is just a soft credit pull, there is no impact on your credit score.
This lender offers loan amounts starting at $500 and going up to $50,000, with no prepayment fee and some of the lowest interest rates in the market. However, there might be an origination fee.
Still, the credit union does not charge prepayment or late payment fees if you miss one of the monthly payments. Plus, they offer loan terms of up to 5 years (or 60 months).
To apply for SchoolsFirst Federal Credit Union Personal Loans, you must be 18 years old or older. The lender does not disclose a precise minimum annual income it requires from applicants.
However, applicants do not need to worry about the lender assessing their employment status. What they must do instead is be able to prove they are able to repay the loan.
You will be redirected to another website
SchoolsFirst Federal Credit Union Personal Loans: should you apply for it?
Now you are familiar with most of the features of this loan. However, our SchoolsFirst Federal Credit Union Personal Loans review would not be complete without us weighing the pros and cons.
So have a look at the list we have prepared below.
- Pre-qualify with a soft credit check
- No prepayment fee
- No late fee
- Lower-than-average interest rates
- May charge an origination fee
- Only available in California
What is the required credit score?
SchoolsFirst Federal Credit Union Personal Loans will accept applicants with credit scores of at least 580 and up to 840.
This means you can get this loan if you have fair credit as well as good or excellent credit.
Learn how to apply for SchoolsFirst Federal Credit Union Personal Loans
Do SchoolsFirst Federal Credit Union Personal Loans sound like a fit to you? If so, you might want to take the next step and apply for a loan with this institution.
We have prepared a complete step-by-step guide to assist you in the application process. Just hit the link below, and we will show you how to do it.
About the author / Danilo Pereira
Australia Post Travel Platinum Mastercard® review: Unlock travel perks!
Save money traveling around Australia! Check out our Australia Post Travel Platinum Mastercard® review and learn how.Keep Reading
US Bank Altitude® Go Visa® Secured Card application
Learn how the US Bank Altitude® Go Visa® Secured Card application process works and how you can easily request this card online.Keep Reading
United Quest℠ Card review: Up to 100,000 Bonus Points!
Check out this United Quest℠ Card review and learn about this card's high rewards on travel and large welcome bonus!Keep Reading
You may also like
How to get your Marriott Bonvoy Boundless® credit card: online application
Ready to earn points on hotel, dining, grocery purchases, and more? This Marriott Bonvoy Boundless® credit card application guide is for you!Keep Reading
Discover Bank review: is it trustworthy?
You will understand why so many people love this online bank after you read this Discover Bank review with all of its pros and cons.Keep Reading