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.

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.

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.

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.

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.