Personal Loan Rates

Personal Loans

Loan Type

Annual Percentage Rate (APR)*

*APR = Annual Percentage Rate. Current APR as of 6/17/2024. Rate based on creditworthiness and term of the loan. Rates are subject to change at any time and are not guaranteed.
1. Flat rate of 17.95%. Loan amounts between $200 to $1,000. Must be a member of 1st Advantage for at least 90 days. Member must have at least 60 days of direct deposit and account in good standing for the last 90 days. “Good standing” is defined as no returned items and proper use of overdraft facilities. The term of the loan must range from 1 to 5 months. Auto-pay is a requirement of the loan. The PAL cannot be rolled over into another loan. if approved by underwriting, the member would be allowed 2 loans in a 6-month period, defined as 180 days from loan funding.
2. Credit Builder Loan rate is CD rate plus 6%. Loan amounts between $500 to $1,000. The proceeds of the loan will be the funds used to create the CD. Member account must be in good standing for the last 90 days in order to qualify for the loan. “Good standing” is defined as no returned items and proper use of overdraft facilities. the term of the loan must range from 6 to 12 months. Auto-pay required.

Loan Type

Signature Line of Credit

Annual Percentage Rate (APR)*

$500 and up – as low as 13.00%

Loan Type

Fixed Term Signature Loan

Annual Percentage Rate (APR)*

$500 and up – as low as 11.49% APR*

Loan Type

Credit Builder Loan

Annual Percentage Rate (APR)*

$500 – $1,000 as low as 6.25%2

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Secured Loans

Loan Type

Annual Percentage Rate (APR)*

*APR = Annual Percentage Rate. Current APR as of 6/17/2024. Rate based on creditworthiness and term of the loan. Rates are subject to change at any time and are not guaranteed.

Loan Type

Share Secured

Annual Percentage Rate (APR)*

3% above Share Rate

Loan Type

Certificate Shared

Annual Percentage Rate (APR)*

2% above certificate rate. No discount on Share/Certificate secured rate.

Loan Type

50/50 Share Secured

Annual Percentage Rate (APR)*

Signature rate Share/Certificate rate, divided by 2 = rate 

Determined by beacon score.

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