If you need money to escape for the vacation of a lifetime, to design your storybook wedding, or for something more mundane, like covering next quarter's tuition, SMCU has your loan. SMCU's personal loan program lets you borrow, even when you don't have collateral, without paying the high interest rates you might find at other lenders.
When people are looking for a personal loan, they often think their only options are payday lenders or finance companies, which often charge exorbitant interest rates or origination fees. As an SMCU member, you have a better choice.
Some companies charge an up-front origination fee for their personal loans, not SMCU. SMCU is a not-for-profit financial cooperative, so we strive to provide our members with the best loan possible at a fair price. That means we also don't charge you a prepayment penalty. Pay off your loan whenever you are ready, without worrying about being hit with unnecessary fees.
Getting your loan at SMCU could not be more simple. There are three easy ways to apply:
Call our specially-trained loan experts, who are happy to answer any questions you might have. They can take your application and get you a decision while you wait, in most cases. Call 855-575-9352 to get started.
Stop by any of our convenient branches to talk with our helpful, friendly branch representatives. They can help you figure out which loan is right for you and get you a decision fast.
Unexpected events, like an illness or emergency, can wreak havoc on your short-term finances. When you borrow from SMCU, you have access to special products designed to help you weather the storm.
SMCU’s innovative Anytime Skip-A-Pay program allows you to skip up to two loan payments every twelve months with the payment of a small processing fee. Anytime Skip-A-Pay gives you the flexibility to deal with unforeseen expenses like home repairs or unusually large credit card bills without causing any damage to your credit score.
When you get sick or lose your job, monthly bills can pile up quickly. When you add SMCU’s Debt Protection to your loans, you get peace of mind knowing that your loan payments are covered while you get back on your feet. You can finance the cost of coverage into your loan for just a few dollars each month.
Mechanical Breakdown Protection (MBP)
MBP, also known as Extended Warranty, can cover repairs and unexpected mechanical breakdowns and enhances existing manufacturer’s warranties. MBP can come in handy when you purchase a new or used car. All of SMCU’s MBP plans come with roadside assistance, rental car allowance, paintless dent repair, and windshield repair. Zero deductible plans are available.
If you are in an accident in which your car is totaled, a GAP policy will usually pay the difference between what you owe on the loan and what the insurance company says the car is worth. GAP is particularly valuable when you buy a brand new car, as they depreciate most quickly in the first year of ownership and could leave you with a sizable bill in the event of a crash.