Personal Loans
Looking to fund a dream vacation, cover unexpected expenses, or simplify your finances by consolidating debt? A personal loan offers the flexibility you need—all with one affordable monthly payment.
Max Term 60 months
As low as
Ways You Can Use your Personal Loan
Why Choose CommonWealth Central Credit Union
CommonWealth Central Credit Union began in a garage right here in Santa Clara -- just like the software giants and startups of Silicon Valley.
From our humble roots, we've grown to serve over 35,000 members of our community. We know what you want and our services are tailored to your needs. Join us today!
| Best For | People Seeking a Lump Sum of Cash to Pay Back at Regular Intervals |
|---|---|
| Amount | $500 up to $50,000 |
| Interest Rate | As low as 10.50% APR* up to a maximum of 23.50% APR |
| Loan Terms | 6 months to 60 months |
| Fees | No origination fees and no prepayment penalties |
| Type | Unsecured -- no collateral needed |
You can count on:
Get Started!
Apply NowPersonal Loan FAQ
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What can I use my personal loan for?
You can use your personal loan for any purpose you like. It could be for one specific expense, or a variety of unexpected costs that you're currently facing.
Common uses include home and car repairs, weddings, vacations, debt consolidation, and as a tool to build credit.
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How long do I have to pay my loan back?
You can choose from 61 days up to 60 months to repay your loan. Your monthly loan payment will be the same every month because we offer a fixed interest rate.
There's no penalty if you choose to pay your loan off early.
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What Personal Loan Interest Rates Will I get?
Your interest rate will be determined by your credit history. Much of your financial activity will affect your credit score, including your debt to income ratio. The higher your credit score, the better rate you'll get.
If you don't feel confident about your credit score just yet, you could apply for a low-interest credit card and start building credit that way before you apply for a loan. A personal loan is a great stepping stone towards larger loans such as a mortgage.
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Can I get a personal loan if I have bad credit?
Unfortunately, if your credit is too low, you may not qualify for a loan at this time. But you could apply for one of our secured credit cards to get you back on track. Secured means that you make a cash deposit to serve as collateral for your credit card.
Once you've established a good payment record, you may graduate to an unsecured credit card. Then, eventually, you'll qualify for a personal loan.
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How can I access my personal loan funds?
Your personal loan funds will be applied to your checking account. You'll be able to use the funds through bank transfers, peer-to-peer payment apps, your checkbook, or ATM withdrawals.
Other Ways We Can Help With Your Financing
Credit Card
With no annual fee and credit limits ranging from $500 to $50,000, we have a credit card to suit every stage of your journey.
Auto Loan
Enjoy no payments for 90 days and flexible terms to suit your budget. Get pre-approved and show up at the lot ready to go.
Home Equity Line of Credit
Access up to 80% of your home's equity with a loan of $10,000 to $500,000.
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