A quick, easy loan to cover your needs
As hard as you might try to save for a rainy day, sometimes it's hard to tuck enough money away. A WCCU personal loan can help you weather a financial storm, tackle necessary repairs, consolidate debt or simply do something nice for your family. These short-term loans come with affordable rates and, best of all, no strings attached as to how you use the money.
- Rates as low as 9.99% APR*
- Borrow up to $50,000
- Repayment terms of 3 to 5 years
- Affordable, fixed rates
- No collateral necessary; all we need is a signature
Apply Now View Rates
FAQs
A Personal Loan has a fixed rate, term and monthly payment. There also is no annual fee.
A Personal Line of Credit has a variable rate and you have access to funds when you need it. You only pay when you use it and there is a $25 annual fee.
A Personal Line of Credit has a variable rate and you have access to funds when you need it. You only pay when you use it and there is a $25 annual fee.
Personal Loans can be used for any expense however, some of the most common uses are consolidating high-interest credit card debt, emergency expenses, medical debt, home improvements, wedding expenses or other large purchases.
No, there are no fees to apply for a Personal Loan or Line of Credit.
There is no collateral required to qualify for a personal loan such as a car or home. It is determined based on your credit history, income, and other debt obligations.
It depends on your situation.
- If you are a current WCCU member, you may not need to provide any documents.
- If you are a new member or we need to verify your income and identity then you may be asked to provide:
- Proof of identity, such as a driver’s license or another form of identification
- Proof of income and employment, such as pay stubs and/or bank statements
- Proof of address, such as a utility bill or mortgage statement
No, there is no prepayment penalty fee.
*Annual Percentage Rate (APR) is effective as of and subject to change without notice. APR will vary between 9.99% - 20.74% based on term and credit worthiness. Monthly payments per $1000 borrowed at the current 60 month rate of 9.99% APR would be $21.25. Rate shown is for members with an “A” credit score of 720 or above and reflect a 0.75% point interest rate reduction for automatic loan payments deducted from a WCCU Checking Account which must be scheduled at the time of loan closing. If the above requirements are not met, discount will not be applied. Payments do not reflect any additional cost for Payment Protection. Other rates and terms are available.
Westerly Community Credit Union is a full-service credit union with Rhode Island branches in Westerly, Richmond, Wakefield, and Coventry.
Zero Hassle, All Rewards!
Earn 4.00% APY* with WCCU’s eChecking!
Helpful Resources
Free Credit Report Review
We can help you reach your financial goals. Start with a Free Credit Report Review at WCCU.