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Personal Loans

A small or large personal loan for anytime, any reason to help you stay financially fit. 

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: Sunday, February 18th, 2018
Loan TypeAPR As Low AsTermMinimum or MaximumNote
Personal Loan 5.90% up to 60 Months $10,000 Max Fixed Rate
Personal Loan 8.00% up to 72 Months $25,000 Max Fixed Rate
Personal Line of Credit 11.90% N/A $20,000 Max Variable Rate

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 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 5.9% APR
for 48 Months: 
Interest = $1,250

$10,000 loan at 18% APR for
48 months: 
Interest = $4,100


$15,000 loan at 8% APR
for 60 months: 
Interest = $3,248

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


$25,000 loan at 8% APR
for 72 months: 
Interest = $6,560
$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 5.9% APR equals $23.44 per $1,000 borrowed. Estimated monthly payment on a loan at 8.00% APR equals $20.28 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


Our Members Are Getting
Financially Fit

This summer my car broke down out of state and I needed to get it fixed using my credit card with an interest rate of 13.9%. LOC gave me a personal loan at 5.9% and is going to save me $3,000 in interest. They were amazing!

Marcy and LOCFinancially Fit Together ℠

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Check out LOC's Platinum VISA Credit Card.

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