Personal Loans

Sometimes life leaves you a little short. Short of time to pay bills. Short of money to buy things you want or need. A personal loan can go a long way toward getting your finances back on track.

Sinking under unexpected expenses? Let us throw you a lifeline.

Pricey car repairs. Major medical costs. Tuition payments. Missed paychecks. CoVantage Credit Union understands there are a lot of factors that can throw off your short-term finances. That's why we offer our members in Wisconsin, Michigan and elsewhere budget-friendly alternatives to title and payday loans with affordable rates and friendly terms. It's money that can help you deal with life's ups and downs.

Unsecured Loan

  • Borrow for up to 60 months
  • Lower loan rates as low as  6.240 % APR
  • Fast loan approval process

Unsecured Loan Rates

Annual Percentage Rate (APR) effective 04/22/2021 and subject to change. Rates and monthly payments are our lowest available. Individual rates and terms may vary based on down payment, credit history, and credit score.

Term APR As Low As Monthly Payment Per 1000
0-36 Months 6.240% $30.53
37-48 Months 6.740% $23.83
49-60 Months 7.240% $19.91

Share Secured Loan

  • Borrow up to the balance in your savings
  • Interest rate is 2% over what your savings account or share certificate currently earns
  • Continue to earn dividends on the full amount in your account

Lifeline Loan

  • Finance up to $500 to make ends meet
  • Pay back automatically from your next direct deposit
  • Loan renews after each payoff

Credit Builder Loan

  • Loan proceeds are deposited in a savings account at CoVantage
  • Interest rate is 2% over the rate being paid on the savings account
  • At the end of the period, you have a savings account, which could be used for any purpose
  • Develops a positive credit history, which will aid in future loan applications

Next Steps