Personal Loan Rates
Consumer-friendly rates help you cover expenses without straining your budget.
We know you have something important in mind
When our members take out a Personal Loan, they generally need the funds for serious matters or special purchases. We keep lending rates low so that less money goes to interest charges and more can go toward what's needed.
PERSONAL LOANS (FIXED CLOSED END LOAN)
| APR* AS LOW AS** | TERM IN MONTHS | LOAN AMOUNT |
|---|---|---|
| 10.49% | 6 | $500 |
| 10.49% | 12 | $1,500 |
| 10.49% | 24 | $2,500 |
| 10.49% | 36 | $5,000 |
| 11.49% | 48 | $10,000 |
| 12.49% | 60 | $15,000 |
| 13.49% | 72 | $25,000 |
| 14.49% | 84 | $25,000+ |
EFFECTIVE RATE DATE: March 22, 2024
*
APR = Annual Percentage Rate. Minimum loan amount of $500 and the maximum loan amount of $100,000. To qualify for 11.49% fixed APR for 48 months requires a FICO score of 760 or greater and member must qualify for Member Benefits. Actual APR offered may be higher depending upon applicant's credit rating and other underwriting factors (Member must participate in automatic payment program and qualify for Member Benefits program at time of funding). Go to https://www.lapfcu.org/member-benefits/ for complete details. 48-month term payment example: A 4-year loan at 11.49% fixed APR will have 48 monthly payments of $25.24 per each $1,000 borrowed. All rates, terms, and promotional offers are subject to change without notice. Cannot be combined with any other offer. Restrictions may apply, ask for complete details.
**
Member Benefits 0.50% APR reduction includes automatic payment discount. Must qualify for Member Benefits program at time of funding. Go to Member Benefits for complete details. Any loan rate reduction will remain in place for the term of the loan. Program rate reductions may not be combined with any other promotion or offer. The following loan types are excluded from rate reductions: real estate loans, unsecured lines of credit, credit cards, share loans, and share certificate loans. Program rate reductions may not be combined with any other promotion. All rates, terms, and promotional offers are subject to change without notice. Restrictions may apply, ask for complete details. APR = Annual Percentage Rate
FIVE-O FUNDS LOANS FOR NEW LAW ENFORCEMENT PERSONNEL
| Loan Amount and Term: | Fixed Rate APR*: |
|---|---|
| $500-$5,000 | 5.49-17.99% |
EFFECTIVE RATE DATE: March 22, 2024
*
APR= Annual Percentage Rate. For sworn and civilian law enforcement personnel of county or municipal police departments or sheriff’s offices in qualifying areas we serve who apply during their first year of employment or rehiring. A 3-year fixed rate term payment example (rate effective November 16, 2023): A 3-year personal loan at 5.49% fixed APR will have 36 monthly payments of $30.00 for each $1,000 borrowed. Finance charges will be assessed the day the loan is funded. The Five-O Funds loan has a minimum loan amount of $500 and a maximum loan amount of $5,000. The term of the loan can be up to 3 years (36 months). Must be a Los Angeles Police Federal Credit Union member in good standing and cannot currently be in bankruptcy. Actual APR offered may be higher depending upon the applicant’s credit rating and other underwriting factors. You may only apply for and receive this loan once. Must provide proof of employment with a law enforcement agency. All rates and terms are subject to change without notice. May not be combined with any other offer. The Member Benefits 0.50% APR rate reduction does not apply to Five-O Funds loan and other restrictions may apply, ask for complete details.
PERSONAL LINE OF CREDIT
| TYPE | VARIABLE APR* | NON-VARIABLE APR* |
|---|---|---|
| Personal Unsecured Line of Credit | ||
| APR | 13.24-17.90% | 13.40-17.90% |
| Payment Amount | 2.6% of Balance | 2.6% of Balance |
EFFECTIVE RATE DATE: February 22, 2024
*
APR = Annual Percentage Rate. This Personal Unsecured Line of Credit has a variable APR based on your creditworthiness. Variable rates may increase or decrease during the term of the loan. Minimum loan amount: $500. Maximum limit: up to $100,000. Finance charges will be assessed starting the day the charge is posted to your account. The APR will vary with the market based on the Prime Rate plus a margin. All rates and terms are subject to change without notice.
**
APR = Annual Percentage Rate. This Personal Unsecured Line of Credit has a fixed APR based on your creditworthiness. Maximum limit: up to $100,000. Finance charges will be assessed starting the day the charge is posted to your account. All rates and terms are subject to change without notice.
SHARE & CERTIFICATE SECURED LOANS
| Fixed Rate APR | |
|---|---|
| Shared Secured Loan | |
| Up to 36 Months** | 2.50% |
| 37-60 Months** | 3.00% |
| LAPFCU Share Certificate Secured Loan | |
| Rate*** | 2.00 above the dividend rate being paid on the LAPFCU Share Certificate% |
| Amortized Loan Term | Up to the Certificate Maturity Date% |
EFFECTIVE RATE DATE: November 16, 2022
*
APR = Annual Percentage Rate.
**
Share Secured Loan Rates reflect a 0.25% APR discount for automatic or payroll deducted payments. Payment example: A 3-year loan at 2.50% fixed APR will have 36 monthly payments of $28.86 for each $1,000 borrowed. All rates and terms are subject to change without notice.
***
The APR will be based on the dividend rate on the share certificate plus a 2.00% margin. The amortization loan terms are based on the share certificate maturity date. Payment example: A 3-year loan at 3.78% fixed APR will have 36 monthly payments of $29.43 for each $1,000 borrowed. All rates and terms are subject to change without notice.
LAPFCU is a full-service credit union for sworn, civilian, and professional employees of police and sheriff's departments and their family members in Los Angeles, Orange, Riverside, San Bernardino and Ventura counties.