Checking | Auto Loans | Mortgage | HELOC | Personal Loans | Credit Cards | Membership

What Are Personal Loans?

A personal loan is a loan granted to an individual based in their creditworthiness (not collateral), sometimes called an “unsecured loan” (since no collateral is used to secure the debt).

Personal loans can be used for a variety of purposes, but are typically for personal expenditures, like starting a business, paying a medical bill, consolidating high-interest debt or covering a large expense, such a medical bill, wedding, tax lien or college tuition.

Personal loans can be a powerful tool for achieving your financial goals, but not all personal loans are created equally, as some come with lower interest rates or better loan terms.

At Credit Union of Southern California (CU SoCal), we’ve provided low-interest personal loans to Southern Californians for over sixty years, and we’re loved by our members for our remarkable services and affordable fees. 

Even if your credit history isn’t perfect, don’t worry, because unlike a traditional bank, we don’t think that your credit score tells the whole the story. Come in and talk to us and let’s see what we can do!

If you’re in need of financial assistance, for whatever reason, don’t hesitate to apply online for a personal loan today!

Get Started on Your Personal Loan!

What Can I Use a Personal Loan For? 

Personal loans can be used to fund a wedding, buy a laptop, renovate your house, pay hospital bills, take a family vacation, or any number of other expenses. 

There’s really no limit to what you can do with a personal loan, but let’s explore some of the more common reasons:

Making Purchases

Do you need a laptop for school or a new dining table? Or, perhaps you treat yourself and buy that fancy mountain bike you’ve always wanted?

No matter the case, all these needs can be met with a personal loan from CU SoCal.

We offer some of the most competitive credit union personal loan interest rates on the market and a variety of loan options to suit your specific needs.

Going on Vacation

Taking time off from work and planning a vacation with your loved ones is always a great idea, and personal loans are a great resource to meet such expenditures.

Building Credit

Consolidating your debt with a personal loan from CU SoCal is an excellent method for managing debt and getting back on top of your monthly payments, especially if your existing loans have high interest rates. 

By consolidating your debt to a single location, you can avoid paying high interest rates, improve your credit score, simplify your monthly payments and increase your financial flexibility. 

Why Choose CU SoCal For Your Personal Loan? 

Now that you know how a personal loan works, it’s time to take it a step further and figure how you can secure one. 

Getting a personal loan from a credit union is your best bet, and we hope you consider what CU SoCal can do for you! 

Our loans offer some of the most competitive rates on the market and generous limits, as well as an easy to follow payment structure. 

Below are just some of the reasons why our customers love our personal loans: 

Loan Limits up to $30,000

CU SoCal has a very generous personal loan limit that starts at $500 and goes as high as $30,000.

No Repayment Penalty

Many lenders have a repayment penalty that penalizes borrowers if they pay before the agreed-upon time, but not us—we are pleased when you settle your debt!

No Application Fee

Many banks, as well as some credit unions, charge an application processing fee, which can be 1 to 8% of your total loan amount. 

At CU SoCal, our personal loans carry no application fees, so you can focus on what matters most: planning your big expenditure!

No Funding Fee

On top of interest rates, many lenders also charge a funding fee, which is similar to the application fee and is either charged upfront or as part of your monthly installment payments. 

At CU SoCal, we don’t charge anything of the sort. Our operations are quite transparent and making a profit is not our end-goal, so no hidden fees are levied on borrowers. 

Terms Up To 120 Months For Lowest Possible Repayments

A typical bank gives you a payback period of 2 to 7 years, oftentimes with increasing interest rates and other additional fees for longer terms. 

At CU SoCal, we offer excellent payback terms of up to 10 years and fixed rates on all of our personal loan products, so you can take your time paying it back.

Types Of Personal Loans: What Is The Best Personal Loan To Get? 

There is something for everyone at CU SoCal, and to help you decide which loan is best suited to your needs, below is a breakdown of our personal loan options: 
  • Signature loan: This is an unsecured loan that lets you borrow $500 to $30,000. You can settle the loan in 60 months at a fixed interest rate.
  • Savings secured: Get a minimum of $500 or a maximum of 95% of the balance available in your savings account. Your savings account is used as collateral, and you have 120 months of payback period at a fixed interest rate.
  • Certificate secured: You can borrow against your certificate of deposit accounts, the minimum amount that can be borrowed is $500, and the maximum amount can be 95% of the value of your certificate. 
  • Line of Credit: If you need access to extra funds at varying times and amounts, our Line of Credit personal loan option may be the solution you’re looking for. Our unsecured personal line of credit is accessible by ATM, Online Banking, Mobile Banking, Phone Banking, mail, in-person, or with overdraft protection. There is no strict payback period with this loan type, and it carries a fixed interest rate.

How Do I Apply For a Personal Loan?

Applying for a personal loan from CU SoCal is quick and easy. If you’re already a Member, you just have to fill out a form. 

If you are not a Member as yet, it’s not a problem either! All you need to do is open a savings account and then apply for a personal loan. You’ll become a Member in the process. We require the following information:
  • Your Social Security Number
  • Driver’s License, State-Issued ID or U.S. Passport
  • Credit or debit card or checking account number to transfer funds
It couldn’t be any simpler — Apply Online Now!

Explore Everything CU SoCal Has To Offer!

For over 60 years, CU SoCal has been the go-to Credit Union for many Californians because of our strong presence, our seamless onboarding process, personalized customer service, digital accessibility, and much more.

Plus, we offer a full range of financial products, such as checking accounts, savings accounts, auto loans, mortgages, certificates and CDs, and more
So, what are you waiting for? Open an account today!

  Get Started on Your Personal Loan!

Help + Support


Co-Browsing Code

Building Better Lives

Credit Union of Southern California (CU SoCal) is a leading financial institution empowering those who live, work, worship, or attend school in Orange County, Los Angeles County, Riverside County, and San Bernardino County to reach their goals and build strong financial futures. CU SoCal provides access to convenient money management services and offers competitive rates and flexible terms on auto loans, mortgages, and VISA credit cards—turning wishing and waiting into achieving and doing.


562.698.8326 | 866 CU SoCal Se Habla Español