DCU Personal Loans
About Personal Loans | Convenient Repayment | Money-Saving Alternatives | Payment Choice | How to Apply
| About Personal Loans |
DCU offers a signature installment loan for up to $25,000 with terms up to 60 months. If you have a Relationship Checking relationship and make electronic payments for the full term of your loan, your interest rate will be 1/2% below that for other payment methods. See below for more on qualifying repayment methods.
Rates are also based on your personal credit history. Applicants must be a member of Digital Federal Credit Union a minimum of 6 months to be considered for this loan. See our rates page for current interest rates. Use our Loan Calculators to help you determine the loan financing and payment options that are best for you.
| Convenient Repayment Methods |
Repaying is easy. You can set up your loan for weekly or monthly payments. Each payment will be the same amount. That amount, and how your previous payments were applied to principal and interest, are shown on your regular DCU monthly statement.
You can repay electronically and qualify for our best rates any of three ways. (1) You can repay online with PC Branch with a simple transfer from any of your DCU savings accounts. When you set up Automatic Transfers with PC Branch, it's even more convenient. (2) You can also make loan payment transfers by phone with Easy Touch. (3) Finally, you can have us automatically make the payments by automatic transfer for you. All you need to do is fill out and send us your authorization form. You can even make Loan Principal-Only Payments on Easy Touch.
In addition, you can repay at a DCU ATM, at any DCU branch, or by mail with a loan payment coupon. These methods do not qualify for Relationship Checking/Electronic Payment rates.
| Money-Saving Alternatives to Personal Loans |
While a Personal Loan is convenient, it may not always be the most economical way to finance what you want to buy. Here are two money-saving alternatives...
- Borrow against your car – If you have equity in your car, you can borrow against that equity with a DCU Auto Loan. The rates are much lower because you're pledging your vehicle as collateral on the loans.
- Borrow against your home – If you have equity in your home, you can borrow against that equity with a DCU Mortgage or Home Equity Loan. The rates are typically the lowest available because you're pledging your home as collateral on the loans.
| You Can Choose Your Payment Amount And Due Date. |
With DCU's Payment Choice, you can tell us how much and when you'd like to pay each month and we'll do our best to make it work. This option is available on all consumer loans, including auto, RV, boat, PC, personal, and bill consolidation loans. At DCU, we give you the control.
| Apply Today |
There are many convenient ways to apply for a DCU Personal Loan...
- Apply on line 24 hours a day. Most members get an answer while still online.
- Apply by Phone 24 hours a day through our Loan Call Center with a DCU Representative. Just call 508.263.6700 or 800.328.8797 and select 3.
- Apply In Person – Visit any DCU Branch to apply.
If you have any questions, please speak with a Member Service Representative at your nearest DCU branch or call our Information Center weekdays from 8:00 a.m. to 9:00 p.m., and Saturdays 9:00 a.m. to 3:00 p.m., Eastern time.
