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A small or large personal loan for anytime, any reason.

Rates as low as 6.99% APR for up to 36 months!

What is a personal loan? Personal loans are great to cover your lifestyle needs through low monthly payments for those large out-of-pocket or unexpected expenses such as:

  • Vacations
  • Large household purchases
  • Tuition
  • Medical deductibles
  • Auto repairs
  • Home repairs
  • Wedding expenses

If you are looking for a loan to consolidate credit card debt, our personal loan options can also help you reduce your outstanding debt into a single loan. Our team of experts can provide a personal loan review to show you how it could be the best way to consolidate debt. You'll find we have some of the best low interest rate personal loans around! 


Fixed-Rate Personal Loan

  • Variety of terms up to 72 months based on loan amount
  • Low-fixed rate based on term, balance and credit history
  • No collateral required
  • Easy repayment options

Personal Line of Credit

  • No annual fee
  • Borrow up to $20,000
  • Funds easily available to you when you need them through online or mobile banking
  • Acts as overdraft protection for your LOC checking account
  • Minimum payment is 3% of the outstanding balance


When you compare us against personal loans from banks and other personal loan providers, you'll find we have some of the best personal loan rates around.  We offer competitive rates for both short term personal loans and long term personal loans as well.

Personal Loans/Lines of Credit
Effective Date: Wednesday, September 23rd, 2020
Loan TypeAPR As Low AsTermMinimum or MaximumNote
Personal Loan 6.99% up to 36 Months $25,000 Max Fixed Rate
Personal Loan 7.99% up to 60 Months $5,000 Min / $25,000 Max Fixed Rate
Personal Loan 8.99% up to 72 Months $10,000 Min / $25,000 Max Fixed Rate
Personal Line of Credit 11.90% N/A $20,000 Max Variable Rate

 Example: A loan amount of $7,500 with a rate as low as 6.99% for 36 months would have an approximate monthly payment of $232.30. 

APR = Annual Percentage Rate

Rate and term may vary based on credit score.

See Why Our Personal Loan Might Be a Better Option

How does a personal loan work? The table below shows why a personal loan from LOC might be the best way to consolidate debt by reducing your monthly payments for settling debt.  

 LOC Personal Loan*

Other Lender Loan or
Credit Card*

 Approx. Savings at LOC *

$10,000 loan at 6.99% APR
for 36 Months: 
Interest = $1,114

$10,000 loan at 18% APR for
36 months: 
Interest = $3,015


$15,000 loan at 7.99% APR
for 60 months: 
Interest = $3,244

$15,000 loan at 18% APR
for 60 months: 
Interest = $7,854


$25,000 loan at 8.99% APR
for 72 months: 
Interest = $7,437
$25,000 loan at 24% APR
for 72 months: 
Interest = $22,388

*Rates based on individual credit history, amount, and term of loan. Loans cannot be used to pay on existing loans at LOC Federal. New money only. Estimated monthly payment on a loan at 7.49% APR equals $31.20 per $1,000 borrowed. 

How to Apply for a Personal Loan

If you’re interested in applying for a personal loan, you can get the process started today online.  If you prefer, come into a branch for a free personal loan review or call us at 800.837.4562


Managing Debt


Their Dreams. Our Ideas.


We applied for a personal loan to consolidate and lower the payments on two loans we have. The new loan is saving us $304 per month and will lower our overall interest costs!

Michael and LOC

More Stories

LOC Personal Loans: For You and All of Your Financial Needs

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Did you know? Not only can our personal loans get your finances in shape, they can also help you keep your finances in shape.  Whether you’re looking to reach a specific financial goal, like consolidating debt or help paying for a large out of pocket expense, we’re here to help. We can provide you with the tool to more easily manage your debt with a low rate loan with fixed term.

Getting More from a Personal Loan at LOC

More than just a consolidation loan, our personal loans featuring rates as low as 6.99% Fixed APR can be used for a variety of lifestyle needs as well. Here are some examples:


Don’t let your finances hold you back from going on a much-deserved vacation. Our personal loans allow you to have that money to help pay for any of your vacation expenses while staying within a set budgeted amount.

Home Appliances & Repair

Maybe your hot water tank just went out or you’re in need of a new roof. Why not pay for these expenses without having to stress about where the money is going to come from. Plus, a personal loan can be a great alternative to a home equity depending your situation and the amount needed as it does not require an appraisal.


Are you looking for perfect finishing touches for your perfect wedding but lack the funds? We can help you pay for that photographer, venue or even upgrading the food menu.

Education Expenses

From tuition to books for the upcoming semester, our personal loan can make heading in to your next semester a whole lot smoother and stress free and provide funding for gaps that exist beyond what is not covered by student loans, scholarships or grants. This can also be a great way to finance private K-12 educational needs.

A Loan to Get Your Finance Back on Track

Personal loans also provide you the opportunity to consolidate high-rate personal loans and credit cards from other lenders into one low, fixed rate and a single monthly payment

Get Started Today

So what are you waiting for? Let’s get Financially Fit Together.  Apply online or come into an LOC branch for a free loan review today.

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