Personal Loan Near Me |‌ ACFA

Personal loan can be used to quickly and easily get the cash you need, whether you are looking for extra money for unexpected expenses, large purchases, or just for you. Unsecured loans offer flexible financing options with low-interest rates and manageable payments.

Our Deposit Secured Loan offers a lower interest rate and the same benefits as our Unsecured Loans. You can borrow against your funds to get even more. Do not fall for payday loaners if you urgently need cash. Instead, check out our Payday Loan Alternative, which offers a fair interest rate and financial counseling to help pay off your debts and avoid future borrowing.

Unsecured Loan

An unsecured personal loan may be the right option for you, regardless of whether you need extra cash. Unsecured loans can be used to consolidate debt. A Member Service Consultant is highly recommended to review your financial situation to determine if a personal loan might be a good option for you.

BENEFITS

  • Low fixed rate
  • Flexible terms
  • Fast turnaround
  • Great for purchases

An unsecured personal loan can be used to consolidate debt. A Member Service Consultant is highly recommended to review your financial situation to determine if a personal loan might be a good option for you.

Deposit Secured Loans

One option is to borrow against the money you already own with a secured personal loan when you have extra cash. You can borrow against the money you already have, such as a certificate or funds from your savings that you don’t use for daily or monthly expenses.

BENEFITS

  • Variable-rate
  • Flexible terms
  • Fast turnaround
  • Great for purchases

Deposit Secured Loans are priced at 3.3% above the lowest dividend or interest rate on the money you have in your savings or certificate account. This will serve as security. Each payment makes more of your funds available.

Payday Loans as an Alternative to Personal Loan

Our short-term Payday loan Alternative may be the best choice for you if you are in urgent need of cash to pay your bills. This loan is an alternative for predatory payday loans that often trap borrowers into an ongoing cycle.

Payday Loan Alternative offers a fixed-rate loan at $520. This includes a $20 processing charge. If members:

  • Must have been a member in good standing at least for five months
  • You have been enrolled in direct deposits with ACFA for a minimum of five months.
  • At least five consecutive months of employment with the same employer.
  • You have not been denied any consumer loans in the past 30 days.
  • You must not take out more than 2 Payday Loan Alternatives in 180 days.

This loan option also includes financial education via GreenPath and our financial wellness partners. GreenPath members must prove that they have completed financial education through the second Payday Loan Alternative.

BENEFITS

Fair Rate

Payday loans are expensive and can be up to 400% APR*. This makes them hard to repay. This loan has a 32% APR.

Financial Counseling

To help you develop new habits and avoid future financial problems, financial counseling is offered.

Direct Deposit

The loan will be immediately deposited into your ACFA account so that you don’t have to wait for your funds to reach you.

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36 months
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