Make Life Easier for You

No matter what life brings your way, we're here to help! A TEGFCU Personal loan can be a great option to get money when you need it.

Personal loans can be used for a lot of different things. It can be a great way to consolidate debt, make home improvements, cover unexpected expenses, or even paying for big-ticket purchases. Applying is fast and easy and you can enjoy a fixed monthly payment at a competitive rate.

Debt Consolidation
Home Improvement
Big Ticket Items
Unexpected Expenses

What is a Personal Loan?

A personal loan is exactly like it sounds – a loan given for a personal expense, either planned or unplanned. With a Personal Loan, you take out one lump sum for the money you need and repay it on a defined, predictable schedule. These loans are unsecured, which means that the loan does not require collateral, like a car or a home, to back up the loan.

  • Competitive rates
  • Terms up to 60 months
  • Fast, local approval decisions
  • NO application or prepayment fees

How much can I borrow?

Many personal loans are small loans that can help you finance a number of purchases or expenses, allowing you a degree of financial flexibility. TEG is one of the few local lenders that offer loan amounts over $30,000.  The exact amount you qualify for depends on your overall creditworthiness, but at TEG we know you’re more than just a number, so we take more than just your credit score into consideration when you apply for a loan.

AmountTermAnnual Percentage Rate as low as stated below:
Up to $30,000Up to 48 months
Up to $30,00049 to 60 months7.49%*
Above $30,000Up to 48 months7.74%*
Above $30,00049 to 60 months8.24%*

Quick & Easy Approval Process

We make it easy with our online application. It only takes minutes to answer a few quick questions to apply for a personal loan online. These are great loans when you need money now, because we can provide fast answers and approve our members quickly.

Debt Consolidation Loans

Lower your interest rates, streamline your payments, and make real progress in paying off your debt in a fixed amount of time. View more about Debt Consolidation Loans

Personal Lines of Credit

Great rates on loans and lines of credit that you can use for just about anything! View more about Personal Lines of Credit

First Time Borrower Program

First loan? We'll get you on the right track. View more about First Time Borrower Program

Fresh Start Loans

Get a fresh start at building good credit if your credit history has been less than perfect. View more about Fresh Start Loans

Get a 0.25% interest rate discount* with automatic payments

To save even more on your unsecured personal loan with us, arrange to have your loan payment routinely deducted from your checking or savings account and you’ll get a 0.25% interest rate discount on your auto loan rate. (Already included in our advertised as low as rates.)

In addition to saving money with a lower interest rate, you won’t have to remember to send your monthly payment in on time.  Your loan payment will be automatically paid on your due date each month, saving you valuable time and money and keeping your credit history strong.

*Rates effective as of 4/1/2021. Advertised rate “as low as”. Your rate may vary from rates shown. The maximum APR is 18%. Rates are subject to change at any time without advance notice. The stated rate is discounted by .25% and includes a requirement that loan payments are automatically transferred from your savings, checking, or money market account for the life of the loan. No minimum and maximum term of 60 months, 66 months with debt protection/payment assurance. An additional .50% will be added to APR for each $5000 incremental increase over $30,000. For example, $10,000 loan for 36 months at 6.55% APR has a total cost of $11,043.90 over the full term.