Personal Loans Can Make Life Easier for you

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

Personal Loans To Suit Your Needs

Personal loans can be used for many different reasons. With a personal loan you get the money you need in one lump sum and enjoy the convenience of a fixed monthly payment at a low rate. And because personal loans are unsecured, you don’t need to provide upfront collateral.

Debt Consolidation

Debt Consolidation At TEG Federal Credit UnionLower your interest rates, streamline your payments and make real progress in paying off your debt in a fixed amount of time.

Home Improvement

Home Improvement Loans At TEG Federal Credit UnionFrom a new pool to a kitchen upgrade, a TEG low rate personal loan makes it easy to transform your home with a low rate and fixed monthly payments.

Big Ticket Items

Personal Loans at TEG Federal Credit UnionPersonal loans can be used for big-ticket items and life events. From weddings, moving costs or your dream vacation, a personal loan can help you get there.

Unexpected Expenses

personal loans for medical expensesLife doesn’t always go as planned. From car repairs to medical expenses, managing these expenses may be easier with a personal loan.

Why Choose TEG For Your Personal Loan?

Along with an easy online application and fast approval process, personal loans through TEG offer a variety of benefits including:

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Competitive Rates To Save You Money

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Flexible Loan Terms – Up To 60 Months

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No Application Fee or Hidden Fees

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No Prepayment Penalties

How Much You Can 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.

Borrowers can use personal loans to pay off high-interest credit card debt or to reduce big bill payments. Our loan calculator below can help you estimate what your payments will look like for the type of loan you’re considering.

Visit Our Personal Loan Calculator

As a local, member-owned institution, TEG is able to offer loans at lower rates to borrowers than they might typically find elsewhere.

View Our Other Loan Rates

AmountTermAPR as low as:
Up to $30,000Up to 48 months
Up to $30,00049 to 60 months5.99%*
Above $30,000Up to 48 months6.74%*
Above $30,00049 to 60 months7.24%*
*Rates effective as of 9/1/2022. Annual Percentage Rate (APR) advertised “as low as”. Your rate may vary based on credit worthiness and loan term. 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 account for the life of the loan. Terms from 3 months to 60 months. Borrowers may request shorter terms, if desired. 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.

Personal Loan Options

Debt Consolidation

A low-cost debt alternative that combines monthly payments into one convenient bill. Your story, repayment history, and credit score may not disqualify you from getting help.

Fresh Start Loans

We know that the road of life sometimes has a few bumps, so we offer a Fresh Start. Establish a meaningful payment history and improve your credit with our Fresh Start Loans.

First Time Borrower

TEG can help first time borrowers establish a credit history. We’ll get you started the right way with advice on what you can afford and how to establish good credit.

Personal Line of Credit

Might be just what you need when you are looking for a Cashline that gives you the flexibility to get the extra money that you need, when you need it.

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Quick & Easy Approval Process



Apply Online

Quick and easy online application.



Eligibility and Terms

Our team will review your information to determine eligibility.



Get a Check or Have Fund Deposited

Once approved, funds are dispersed quickly and ready to use.

Get a 0.25% interest rate discount*

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.

saving rates at TEG Federal Credit Union


Best bank in the Hudson Valley hands down. Very consumer friendly, customer service is outstanding, will be a lifelong customer.

– Z. Mitchell

More Loan Resources

If you’re wondering how a personal loan can be of help in your life, we’ve made a list of ways in which personal loans can be beneficial.

How Do Personal Loans Work? [Beginner’s Guide]

Before you take out a personal loan, you want to know how they work, what kind of interest you can expect, and how much money you can borrow.

Personal Loans vs. Credit Cards, How To Choose

If you need to borrow money to make a major purchase, should you apply for a credit card? Or is a personal loan the better option?

* Maximum amount to be earned is $350. Loan subject to credit review. Members must be in good standing with the credit union to receive this offer. Once available, cash back will be deposited into member’s account and then these funds will immediately be applied to the first loan payment. Funds earned are considered interest income and may be reported as such on IRS Form 1099-NT. Offer subject to change or be discontinued at any time without notice. See credit union for full details. Offer ends 3/31/2022.