DCU Personal Loan (2020 Review)

The Digital Credit Union (DCU) offers 3 types of personal loans, but they only have locations in New England. If you need a personal loan and live outside of New England visit your local Check City Location and apply for a Personal Loan today!

Are you shopping for a personal loan that best meets all your financial needs? Personal loans can be a lifeline when you need help budgeting for major purchases or consolidating debt into smaller payments or a loan with lower interest rates.

DCU offers personal loans for similar purposes, but they only have actual locations in New England. You can, however, use their online services nationwide. This aspect of DCU personal loans is just one factor to consider when picking the best loan for you.

DCU Personal Loans: a Quick Look

DCU offers several types of personal loans each with their own rates, terms, and features. The traditional signature loan offers rate discounts with Plus and Relationship members. The credit builder loan lets you build better credit while you build up to a $3,000 savings account with dividends. Lastly, the savings-secured loan lets customers use their savings account as collateral for their personal loan so that you can use the personal loan instead of taking from your savings account.

Loan Amount:

How much you can borrow will depend on your application, the rate you qualify for, and how much you can afford to make in monthly payments.

Rates:

The lowest APRs are 3.50%, 5.00%, and 7.00%

Fees:

There may be late fees

Term:

12 to 120 months

Basically, DCU personal loans are a good fit for those with high credit scores that can get the best loan rates and terms shown above. If your credit score is less than optimal then it is likely your rates will be higher than what is shown above. Your specific loan terms will depend on your loan application.

Who are DCU Personal Loans Perfect For?

Personal loans from DCU are an excellent option for borrowers with great credit. Customers with higher credit scores are most likely to receive the low APRs displayed on their website and therefore end up with the best loan terms.

DCU loans are also a better option for loan customers who live in New England and can visit their physical locations if necessary.

PROS
  • Fixed rates
  • Potentially low rates
  • Multiple personal loan options

Who Should NOT Get a DCU Personal Loan?

The problem with DCU personal loans is that you won’t know what rates and terms you’ll get until after you apply. If you can’t deal with this uncertainty then you might want to find a lender that provides more details about the kind of loan amounts and terms you can expect. DCU personal loans might also be a less than ideal option if you don’t live near any of their store locations.

CONS
  • Locations are in New England
  • Not great for borrowers with low credit
  • Undisclosed loan amounts

An Alternative to DCU Personal Loans

If you’re shopping for a personal then you’re probably looking for a loan that best fits your borrowing needs. Maybe after looking into it, a DCU personal loan doesn’t seem like a good fit. If this sounds like you then don’t stop looking! You might find exactly what you’re looking for in a Check City Personal Loan.

Reasons to Get a Check City Personal Loan

2020 personal loan review

Check City is a direct lender so you don’t need to go through third parties just to connect to actual lenders. Check City is where you both apply and receive your loan funds.

Check City is a state licensed lender meaning they have a license to lend in each state they operate in. Rest easy knowing your Check City loan follows all your state’s regulations.

Check City has an online application process that only take a few minutes to finish, and all from the comfort of your home.

Check City has no minimum credit requirements so you don’t have to have incredible credit just to apply.

Check City has no origination fee meaning they won’t charge you a fee just for starting an account with them.

How to Apply for a Check City Personal Loan

To apply for a Check City Personal Loan all you need is a few minutes and a few documents. The process doesn’t take very long and if you visit a Check City store to apply, you can even get a same-day loan and walk out with cash in hand.

What You’ll Need to Apply:

  • A government ID
  • Proof of bank account
  • Proof of direct deposit
  • Proof of income
  • A valid phone number

Apply Online.

Complete a fast, simple, and straightforward loan application without having to leave your house.

Apply in the Store.

At Check City, you can fill out a loan application and receive your loan funds all in one visit.

Apply Over the Phone.

Just call Check City’s Loans By Phone number: 800-404-0254 to apply with a Check City representative over the phone or if you need any other kind of help with your loan or application.

The Check City personal loan was created for everyone. Anyone can apply and get their funds FAST with our simple streamlined loan process. Don’t hesitate to give us a call, pull up our website, or visit your neighborhood’s Check City store to get your money now.

COMPARE SIMILAR PERSONAL LOAN OPTIONS

Check City American Express Citizens Bank Avant DCU
Amount $300 to $3,000 $3,500 to $40,000 $5,000 to $50,000 $2,000 to $35,000 n/a
Rates lower APR than our payday loans 6.90% to 19.98% 6.78% to 20.88% 9.95% to 35.99% their lowest APRs are 3.50%, 5.00%, and 7.00%
Fees no origination fees no origination fee, there are late fees no application fee, no annual fee, no late fee no prepayment fee, but there is an administration fee up to 4.75%, a $25 late fee, and a $15 dishonored payment fee there may be late fees
Terms 6 months 12 to 48 months 36 to 84 months 24 to 60 months 12 to 120 months
Min. Credit Score none 660 680 580 good credit


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