It is common for members to find themselves in a circumstance that requires additional funds.
When this occurs, it could be in your best interest to contact your credit union for a loan.
Before doing so, it can be important to educate yourself about loans available to you that are the right fit for your situation.
Determining the Right Fit
There are a large variety of loans available for many different stages in life. For example, once you decide on the college you want to attend, the vehicle you want to get, the home you want to purchase, or the next vacation you want to go on, things begin to move quickly. In order to be able to make those purchases, it is important to know which loan you should choose that helps you through these major decisions. Knowing when a personal loan is the right fit (as opposed to an auto or home loan) can be confusing. Here are some tips to help.
Is a Personal Loan the Answer?
It can be common for members to decide on a personal loan for a large sum of money needed for a personal matter. However, a personal loan is a loan that can be used for unexpected expenses, such as medical bills or car repair bills. The interest rate on a personal loan depends on several factors, such as your credit score and credit history. However, Camino Federal Credit Union is here to simplify the process for you. With flexible terms, we want to help provide a solution to your financial stress.
What are You Qualified for?
At Camino Federal Credit Union, we offer a variety of loans to ensure you receive the proper support for the reason you are borrowing money. Each loan comes with different terms that help you determine what you are best qualified for. The terms and conditions vary across the board and to ensure you receive the best possible option. We recommend that you speak with one of our experts.
There is one thing each of our loans has in common; we offer very competitive rates. We invite you to become a member so we can work together to achieve your financial goals. We are here to help you on your financial journey.