Personal Loan

Explore our flexible personal loan designed to meet your financial needs.

Featured

Personal Loan

As low as

12.74%

APR¹

Fast Debt Consolidation
Borrow Up To $25,000
12-60 Month Terms

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Apply via your existing account

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New to Direct?

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A Loan Tailored For You

If you're looking to make an important purchase or consolidate some of your debt, our Personal Loan options are some of the best around. Quickly apply for funds to cover an expensive purchase, emergency expense, or even a vacation.

Access funds up to $25,000 based on to your creditworthiness.
Funds for any financing purpose.
No prepayment penalties.

Personal Loan Rates

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APR¹

As low as

0.1274

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APR²

As Low As

0.0574

0.1249

Maximum rate is 18%.

View Disclosures

The standard APR range 12.74% to 17.74% is based on credit worthiness. Maximum loan amount $25,000. Available terms (12 to 60 months). The term selected may impact your monthly payment amount and total cost of the loan. Payments due monthly. No prepayment penalties. Borrowers may pay off their loan early without incurring additional fees. Applicants must meet Direct Federal Credit Union’s membership requirements. Loan approval is subject to verification of income, creditworthiness, and other underwriting criteria. APR shown assumes the account is paired with an active Direct Advantage Checking. Without a Direct Advantage Checking Account, the APR will be 0.25% higher.

Apply via your existing account

Express Apply with Online Banking Apply now

New to Direct?

Start your application here

Add-On

Debt Protection

Life can be unpredictable, and our Debt Protection service offers an extra layer of security for your loans. With Debt Protection, you can ensure that your loan payments are covered in situations such as disability, involuntary unemployment, or even loss of life.

Explore Coverage

Personal Loan Calculator

Use this personal loan calculator to determine out the total amount of your personal loan (principal + interest) and how much you have to contribute monthly to pay it off by the end of the loan term.

Interested in a personal loan?

Our relationship bankers are here to help you take the first step.

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Glossary

Annual Percentage Rate (APR)

The Annual Percentage Rate (APR) is the yearly interest rate that borrowers are charged on a sum of money. It is expressed as a percentage and represents the actual cost of funds over the term of a loan. This rate includes any fees or additional costs associated with the transaction but does not consider compounding. The APR is a helpful measure for consumers to compare among lenders as it provides a clear and standardized number.

Direct Advantage Checking Account Requirements

To qualify for Direct Advantage Checking, members must meet the following requirements: Receive cumulative monthly direct deposits totaling $1,000 or more within each of the first three full calendar months following the date the new account is opened and funded. Failure to meet this requirement during any of the first three months will result in the account being converted to the standard checking account, which does not earn dividends or loan discounts.

Not-for-Profit

Direct Federal is a not-for-profit, meaning that earnings are invested right back into the credit union. And that means Direct Federal can offer lower loan rates and higher deposit rates that you simply won't see anywhere else.

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