Best credit unions for personal loans with bad credit

Need a little financial breathing room? USC Credit Union is honored to help you attain financial success, one step at a time. We’ll help you find the right personal loan product that meets your needs and empowers you to own your financial future. As a USC Credit Union member, you’re more than a customer—you’re an owner. Because we don’t have shareholders, we can pass along our profits to you through better rates. We put your financial success in your hands—where it belongs.

We offer a complete selection of unsecured loans for any purpose, including personal loans, personal lines of credit, and more. We’re committed to providing you with a level of personalized service and attention you won’t get at banks or with other lenders, with lower rates and more frequent “yes” answers.

Line of Credit

A line of credit can serve a handy emergency fund or a way to pay for something that is out of your financial reach. Apply only once and when you need additional funds, you simply take an advance by check, phone or online. Unlike a typical loan, you make payments only on the credit you’ve actually used.

Personal Line of Credit

Tackling a large home improvement project or dealing with a potentially unpredictable expense? A Personal Line of Credit could be the perfect solution for you. Get instant, ongoing funds for your goals and only pay interest on the money you borrow, making it a great funding option for whatever life throws your way.

Term Loans

A term loan is money borrowed that is repaid in regular payments over a set period of time. USC Credit Union can help you reach your personal or business goals with one of our many term loan products.

Trojan Advance Loan

Unexpected expenses and cash emergencies can happen to anyone. But you don’t have to end up trapped in a cycle of debt or pay outrageously high-rates and fees to high-rate lenders.

Personal Loan

A personal loan can be used for anything you choose. Ideal for non-homeowners or those who prefer not to borrow against their homes, unsecured personal loans can be set for a fixed-term (so your payments are always the same) or for an open-ended amount (up to an approved limit) and can help finance big purchases, make home improvements, and even consolidate high rate debt into one easy monthly payment.

Deposit-Secured Loans

Two convenient ways to use your own money for your borrowing needs are with a Share-Secured Loan and a Certificate-Secured Loan. By using funds that are currently on deposit, you maximize use of your money while still maintaining a savings balance. Better yet, you’ll continue to earn dividends on your savings balance in a Gold or Trojan account. When you repay your loan, you’ll still have your savings!

Share-Secured Loan

Use your funds on deposit at USC Credit Union as collateral for a low-cost loan. The amount you pledge will be frozen and released as you make payments.

Certificate-Secured Loan

Borrow funds by using your USC Credit Union Certificate of Deposit (CD) as collateral. Loan repayment begins soon after the loan has been borrowed and must be paid by the end of the maturity date.

Instant Loans

USC Credit Union membership comes with privileges, and you can add our Instant Loans to the list. We’re here for you when life happens, and you need cash fast. You don’t need perfect credit to get money when you need it most. Approval is based on your relationship with us, not the credit bureaus.

It’s easy to apply for an Instant Loan. You can do it anytime through your online banking!

Ready Funds

Ready Funds are a smarter alternative to other high-cost options and help you to build or repair credit. While no credit check is required, we will report repayment history to the credit bureau.

• Must be a credit union member for at least 3 months
• $10 application fee
• Borrow between $300 and $800
• 19.5% APR*
• No credit report required
• Repayment period up to 4 months
• Maximum two loans at a time
• No more than three loans in 12 months
• Can be used to build or repair credit
• Eligibility for Primary members only

Apply Through Online Banking

Life Flex Loan

We’ve got you covered with a Life Flex Loan. Cash to cover the unexpected can be yours in minutes. A Life Flex Loan is a fast and easy way to put a couple hundred or a couple thousand dollars into your account with just a few clicks in online banking.

• Must be a credit union member for at least 2 months
• $10 application fee
• Borrow between $600 and $4,000
• 18.5% APR**
• No credit report required
• Maximum two loans at a time
• No more than three loans in 12 months
• Eligibility for Primary members only

Apply through Online Banking

*Annual Percentage Rate (APR) is effective as of 11/01/2022 and is based on eligibility and underwriting factors. The APR is a fixed rate for the duration of the loan. Monthly payment per $500 for 3 months at 19.50% is $166.67. This payment example is for illustration purposes only. Your actual payment may vary. The minimum loan amount is $300, and the maximum loan amount is $800. A $10 application fee will be charged to your account when you submit your application. Loans are available to members who meet certain eligibility requirements, who have been with the credit union a minimum of 90 days and are considered a member in good standing. Application available through online or mobile banking. No minimum credit score required.

**Annual Percentage Rate (APR) is effective as of 11/01/2022 and is based on eligibility and underwriting factors. The APR is a fixed rate for the duration of the loan. Monthly payment per $1,000 for 12 months at 18.50% is $83.33. This payment example is for illustration purposes only. Your actual payment may vary. The minimum loan amount is $600, and the maximum loan amount is $4,000. A $10 application fee will be charged to your account when you submit your application. Loans are available to members who meet certain eligibility requirements, who have been with the credit union a minimum of 90 days and are considered a member in good standing. Application available through online or mobile banking. No minimum credit score required.

Membership eligibility requirements and membership fees may apply; please call (877-670-5860) or visit www.USCCreditUnion.org to confirm eligibility. All credit union loan programs, rates, terms, and conditions are subject to change without notice.

What is the easiest loan to get with bad credit?

What is the easiest credit union to get approved for?

Where can I get a loan with the worst credit?

Can I get a loan with credit score of 500?