Personal Loans

Money for Anything with Just Your Signature

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.

SMCU Personal Loans are a Great Alternative to Payday 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. 


Frequently Asked Questions

  • What is a personal/signature/unsecured loan?

    A signature loan, also called a personal or unsecured loan, is a loan for which there is no collateral securing the loan.

  • How are signature loans different from payday loans?

    Signature loans usually have repayment terms of at least a year, while payday loans must usually be paid back within a few weeks. Signature loans are usually paid in equal monthly installments. Payday loans are usually paid as a lump sum at the end of the term. Signature loans accrue interest each month on the unpaid balance while payday loans ordinarily have upfront fees paid either from the loan proceeds or at the time the loan is funded.

  • Will you check my credit when I apply?


  • Can I get a signature loan with bad credit?

    Past credit struggles do not automatically disqualify you for an SMCU signature loan. Your credit history is one factor under consideration when you apply for a signature loan and can have an impact on the rate you pay and whether your loan application is approved. If your credit has some negative history, your loan representative will do everything they can to understand your story and see if a signature loan is right for you.

  • What is a debt consolidation loan?

    The goal of a debt consolidation loan is to pay other debts in order to reduce the amount of interest or total payments you are making each month. A debt consolidation loan may be unsecured or may be secured by a car or home.

  • What sort of terms are available for Signature Loans?

    SMCU offers terms up to 5 years for unsecured Signature Loans, depending on the amount of the loan.

  • How much unsecured credit can I have?

    Qualified borrowers are eligible for up to $50,000 of combined unsecured credit with SMCU, subject to income requirements, including VISA® and limits on lines of credit. (Subject to income limits.)

  • Can I have my loan payment come automatically from my checking or savings account?

    Of course. If your accounts are at SMCU, you can set up automatic transfers to your loan through our free Online Banking or by talking to a branch representative. If your accounts are with another institution, our branch representatives can help you set up an automatic debit that will come to SMCU each month to pay your loan.


no origination fees

No Origination Fees and No Prepayment Penalties

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.


Apply Now

Apply Now


Apply Now. Get an Answer Fast.

Getting your loan at SMCU could not be more simple. There are three easy ways to apply:



When you are ready to apply, head over to our online loan application to get started. Answer a few short questions, hit submit, and you’ll usually have an answer in just a few minutes.

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By Phone

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.

In Person

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.

Have Questions? Let's Talk.

If you want to learn more about any of our products, services, or about becoming an SMCU member, stop by a branch, give us a call at (206) 398-5500 or toll-free at (800) 334-2489, or simply enter your email address below and we’ll contact you.


Protect Your Loans and Your Good Name

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.


Anytime Skip-A-Pay

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.


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Debt Protection

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.


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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.


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GAP Advantage

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. 


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