Personal Loans

A personal loan is a flexible tool you can use for anything you like! You'll need to give some indication of what you plan to use the funds for in your application. Once you get loan approval, you can use all the funds for that single purpose or keep some aside.

Once approved, your funds will be available in your checking account or via a check. You can easily access your funds and monitor your payments and balance through mobile and online banking.

Personal loan interest rates are given in the form of an APR. The APR you get will be based on your credit score. The term you choose may also affect the rate you're offered. To view our rates, click here.

Your monthly payment will depend on your loan amount, your APR, and your term. A shorter-term means a higher monthly payment while a longer-term means a lower monthly payment (but you'll pay more interest over the life of the loan).

Once you've finalized your loan details, your monthly payment will stay the same until the loan is paid off in full and this makes budgeting much easier.

Both a personal loan and personal line of credit are useful ways to access funds quickly and easily. So it's up to you to decide which one best suits your situation!

A personal loan gives you a lump sum payment upfront, which is great if you have a particular expense in mind or want to use your personal loan as a debt consolidation loan. 

A personal line of credit is similar to a credit card. You get a limit on how much funds you can access and you're free to use as much or as little of the funds as you want. Your monthly payments will vary depending on how much of your credit you use. You only pay interest on what you use, too.

Yes, as long as you make your payments on time every month, a personal loan is a great way to build credit!