Personal Loans Wyomissing, PA
Personal loans can be an excellent resource for help with smaller purchases or unexpected needs that arise at different times in your life. Bellco Federal Credit Union in Wyomissing, PA offers competitive rates, flexible terms and affordable payments!
Bellco FCU is a member-owned, not-for-profit federal credit union. Since 1938, when we were known as the Bell Telephone Credit Union, we have provided unique financial products and services to individuals and small businesses throughout Berks County.
Our members enjoy greater access to free or discounted services, higher savings rates, and lower loan rates in comparison to most for-profit banks and financial institutions that value profits over people.
About Personal Loans
A personal loan refers to a loan that is not secured by any collateral (like a car or house). Personal loans offer flexibility, enabling you to borrow a lump sum of cash that can be used to consolidate debt, pay for a wedding or vacation, repair your car, or for just about anything else you need.
A personal loan is a fixed debt. You receive a fixed amount of money and repay it in equal installments over a fixed number of months. You will know exactly when your debt will be repaid and that you won’t be able to borrow additional funds without completing a new loan application.
Though reaching for your credit cards can be convenient, in some cases a personal loan may be a better option. Credit cards are generally better for making smaller purchases – up to a few thousand dollars – that you can comfortably pay off within a year.
Personal loans are often better for larger purchases that you realize will take you more than a year to repay. When you need to borrow $1,000 or more and need more than 15 to 18 months to pay it off, or you need to borrow $5,000 or more (more than the credit limit on many credit cards), a personal loan can be a great option.
The bottom line is that life happens – whether you’ve saved for it or not. A personal loan from Bellco FCU can be a smart financial tool because you will be paying off your debt in equal installments each month.
Who Can Join Bellco FCU?
Bellco FCU membership is open to individuals who live, work, worship, or attend school in Berks County, PA, and their immediate family members. If you are not yet a member, consider opening a primary Member Savings account or a Bellco Business Savings account.
Deposit a minimum of $5 to establish and maintain your membership, and take advantage of other Bellco FCU accounts and services. You’ll be a member for the rest of your life, even if you change jobs, retire, or move away from Berks County.
Bellco FCU in Wyomissing, PA will work with you to make sure you get a personal loan that’s right for you and your budget. Contact us today to learn more!