Enjoy the Convenience of a Personal Loan
No Collateral Needed
Gain quick access to cash without putting your assets on the line.
A low, fixed APR makes it easy to manage your finances.
Choose if you want lower payments or to pay off your loan faster.
Take Advantage of Our Personal Loan Rates
Signature (Fixed-Rate) Personal Loan
Up to 48 months
As low as 13.50%
*APR = Annual Percentage Rate. Rates and terms are subject to change without notice. The fixed rate and term of loan will be determined by the credit qualifications. Maximum loan amount is $15,000 with a maximum 48 month term.
How You Can Use Your Personal Loan
Take out a personal loan to touch up the bathroom or kitchen, or buy that new appliance you need.
Pay off high-interest credit cards and other money you owe so you'll only have one payment.
Costs can quickly add up for the big day, whether you're the one getting married or a happy family member.
A personal loan can help out with all study-related expenses, from tuition to resources and living costs.
Making timely payments on your personal loan is an excellent way to get yourself on the financial map.
And Much More!
Maybe you've got health care, dental, or vision bills to pay – or maybe now is the time for that dream vacation!
Our Loan Application Process is Fast and Secure
Just gather your documents and fill out our simple online application.
Receive a Response
We'll review your details and respond within a few business days.
Access Your Funds
We'll transfer your loan amount to your Best Reward checking account!
"Great place to keep your money, friendly service & good rates." Garrett R.
"Awesome place and people.” Reggie A.
"This is by far, the best Credit Union in every banking category” Lonnie T.
Ready to Take Advantage of a Personal Loan?
Our team is available to assist you in determining if a low-interest rate personal loan could help you achieve your financial goals or simply give you the extra cushion you need to live your life. If you have questions or want a no-obligation quote, give our loan specialists at Best Reward Federal Credit Union a call. We're always here to help you.
How do I know if I qualify for a personal loan?
We use a variety of factors to determine eligibility for a personal loan, including your debt to income ratio. If you’re unsure if you may qualify for loan approval, you can request a no-obligation personal loan quote or speak to one of our loan specialists for more information.
Why should I consider a personal loan?
Without any required collateral, personal loans are easier to obtain for some of our borrowers. The loans offered come with the flexibility to use the funds for any need you have. You can choose your repayment term, too. Try using a personal loan calculator to see which term might work best for you.
Another advantage of personal loans is that they typically offer a much lower interest rate than what you may pay using a credit card.
Finally, there's no prepayment penalty if you want to pay off your loan ahead of schedule.
What can I use a personal loan for?
You can use the funds in any way that’s right for you. Some members use their personal loans to consolidate debt, such as high-interest credit cards. Others use it for a down payment, vacation, or to create a backup source for an emergency.
What rates will I get for my personal loan?
The annual percentage rate (APR) you get will be based on your credit score. The higher your score, the lower your APR.
How can a personal loan help build my credit?
There is a combination of factors that affect your credit score. The first is timely payments, so if you make your personal loan monthly payment on time each month, your score will start improving.
The second is credit usage or how much available credit you have. So if you use your personal loan to pay off your credit cards, then keep those accounts open with a zero balance, this will have a positive impact on your credit score because all that credit will now be available unused.
Third, is how long you've held your credit accounts so that's why it's a good idea to keep healthy accounts open after you've paid down the balances.
Fourth, the mix of credit types has an impact on your score. So if you have a credit card as well as a personal loan (auto loan, mortgage, etc.), that's a good thing for your credit.
Just be aware that applying for a lot of different types of credit accounts in a short time isn't helpful to your credit!
How many Personal Loans can I take out at once?
You can have multiple Personal Loans through Best Reward Federal Credit Union, but there is a maximum total loan amount. We wrote an article with all the details on having multiple Personal Loans at once.
More Ways Best Reward Can Help With Your Financing
A convenient, low-interest loan is a great way to pay for your next car, boat, motorcycle, RV, ATV, and more!
Home Equity Loans
Tap into the equity in your home and use the funds for renovations, college, or anything else you need or want.
Share Secured Loans
If you're at the start of your financial journey or need to repair your credit, a secured loan is the simple solution.