Personal Loans
A personal loan provides a lump sum that can be used for large expenses such as debt consolidation, medical expenses or vacations.
As a credit union, we share our profits with our members in the form of low interest rates on lines of credit.
No Prepayment Penalties
No Collateral Required
Over the past 15 years, we’ve given our members more than $85 million in interest refunds and bonus dividends.
Make payments and transfer funds using online banking or our mobile app.
| Loan | APR |
|---|---|
| Personal Loan | 8.85% - 18.00% |
Rates effective April 1, 2020
Legal Disclosures and Additional Information
The Annual Percentage Rate (APR) for new and existing advances will be the Prime Rate as published by the Wall Street Journal (Index), plus a Margin between 5.6% and 15.0% up to 18% cap. The APR will change on the first day of each month to reflect any change in the Index. The APR will never be greater than 18% or the maximum rate allowed by law, whichever is less. Any increases or decreases in the APR will take the form of more or fewer payments of the same amount until what you owe has been repaid.
Your APR will be based on your credit score. You will be informed of the APR and daily periodic rate for which you qualify before you become contractually liable for the account.
Amount available determined by creditworthiness.
Based on an APR of 8.85%, your monthly payment on a $10,000 loan amount and a 60-month term would be $207.63.
Do you own your own home?
A home equity loan lets you borrow up to 95% of your home's value and lock in a low fixed interest rate.
- Once approved, when will I receive the funds from my personal loan?
As soon as loan documents are signed and any stipulations for obtaining the loan are satisfied.
- Can I pay off my personal loan quicker than the payment schedule?
Yes. Ascend does not have an early repayment penalty for any loan we offer.
- What's the difference between a personal loan and a personal line of credit loan?
Our personal loan is a fixed-rate loan with terms up to 60 months. Our personal line of credit loan is a variable-rate, revolving credit line that you can access anytime, for any amount up to your authorized spending limit.
- When I access my personal line of credit, is there a minimum amount I have to withdraw?
No. You can access your personal line of credit loan for any amount up to your authorized spending limit.
Don't see the question you're looking for?
There are three different ways to apply for an Ascend personal loan: