Personal Loans

Pay For Life's Unexpected Costs

Sometimes all you need is a little help paying for the extra or unexpected things in life. Personal loans are also known as unsecured loans because they don’t require collateral, which is used by lenders to recoup their money in the event of default, like repossessing a car, or foreclosing a house. Whether it’s for an emergency, school expenses, a vacation, auto repair, or just life in general, an Honor Credit Union personal loan can come to the rescue. A personal loan is a fixed rate over a predetermined period of time, just like a car loan. We can help determine what personal loan is right for you! 

Competitive Rates Starting
As Low As 8.99% APR*

No Application Or Loan Origination Fees

Flexible Loan Terms
Up To 60 Months

Pay Faster With No
Pre-Payment Penalties

Debt Consolidation

One of the best ways to use a personal loan is to consolidate high-interest credit card debt. Some credit cards have interest rates at 20 percent or higher. While a personal loan still comes with interest, it is a great way to knock out a large credit card balance.

Three-Year Savings Example

Let’s say you have a $10,000 balance on one of those big bank credit cards. Here’s how an Honor Personal Loan could save you over $1,500 in three years.

Big Bank Credit Card

Honor Personal Loan

Interest Rate

18.99%

As low as 9.99%

Monthly Payment

$366.51

$322.62

Total Interest Paid During 36 Months

$3,194.35

$1,614.50

Total Payoff Amount

$13,194.35

$11,614.50

Personal LoansEffective Date:
Term rates as low as*
Up to 24 months 8.99%
Up to 36 months 9.99%
Up to 48 months 10.49%
Up to 60 months** 11.49%
Payment Example: $3,000 at 9.99% APR for 36 months equals $96.80. 
**Minimum loan amount for 60-month term is $10,000.

Personal Loan Calculator

New loan balance

The amount for your new consolidation loan. The default amount will be the total of all of your debts. You can increase or decrease this amount if you need to change the total amount of the loan.

New loan payment

The monthly payment for your new consolidation loan.

New loan interest rate

The Annual Percentage Rate (APR) that you will pay on your new consolidation loan.

New loan term

The term, in months, for your new consolidation loan.

Use minimum payment

If you checked the “use credit card minimum payments” box, your monthly payment is calculated as 4% of your current outstanding balance. With the “use credit card minimum payments” box checked, your monthly payment will decrease as your balance is paid down. This can greatly increase the length of time it takes to pay off your credit cards. Uncheck this box to enter your own monthly payment that will remain the same until your balance is paid in full.

(We calculate your minimum monthly payment as 4% of your current outstanding balance. While your actual minimum monthly payment may be slightly different, this is one of the most common methods used by credit card companies to calculate minimum payments.)

Credit Card Balance

Your total current balance for this credit card.

Credit Card Interest Rate

The annual percentage rate you pay for this credit card. The rate you enter is used to calculate the interest on all future credit card payments. The length of time to pay off this credit card may be much greater than calculated if you enter a low promotional interest rate that is only good for a short period of time.

Credit Card Payment

This is your initial monthly payment. If you checked the “use credit card minimum payments” box, your monthly payment is calculated as 4% of your current outstanding balance. With the “use credit card minimum payments” box checked, your monthly payment will decrease as your balance is paid down. This can greatly increase the length of time it takes to pay off your credit cards. Uncheck this box to enter your own monthly payment that will remain the same until your balance is paid in full.

(We calculate your minimum monthly payment as 4% of your current outstanding balance. While your actual minimum monthly payment may be slightly different, this is one of the most common methods used by credit card companies to calculate minimum payments.)

Loan balance

Your total current balance for an installment loan.

Loan interest rates

The annual percentage rate you pay for this loan. Enter the current interest rate for this loan. This calculator assumes your rate will remain the same for the entire repayment period. We use this to calculate the interest you will pay on this loan and the number of payments that are remaining.

Loan payment

This is your monthly payment. Enter the actual monthly payment for your loan. We use this to determine your payment totals and to calculate the remaining payments.

Remaining loan payments

This is the calculated number of payments remaining for this loan. It is based on your current balance, payment and interest rate.

Please Note: Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Need Quick Cash?

Maybe your car unexpectedly broke down, or you just need a little extra cash for some expenses that can’t wait until your next pay day. Our Jump Start Loans and Single Payment Notes are great options to borrow money you know you can pay off in the near future.

Jump Start Loan

Our Jump Start Loan is a quick, smart and affordable answer to your payday loan needs! With our Jump Start Loan option, you’ll enjoy the same benefits as most traditional Payday lenders while receiving better interest rates and an extra savings benefit at the end of the loan term making our lending option smarter and more affordable for you. Regardless of your current situation, an Honor Jump Start loan can jump start you onto the right path for financial success today and away from the costly routine of Payday lenders!

Single Payment Note

A perfect short term loan option, Single Payment Notes are for 90-day periods and are terrific for that special project that has a definite, verifiable way to be repaid. You can renew them, but you must convert it to a regular loan with monthly payments if you don’t pay it off immediately.

Credit Repair Loan

If you have less-than-stellar credit you can still get a loan to help you through a tough situation. A Share or CD Secured Loan might be the perfect option for you. They are good ways to either build credit, or borrow for a lower interest rate if you don’t want to deplete your assets.

Share Loan

If you have investments with Honor Credit Union, this loan may be for you. If an expense comes up, this loan will provide you a solution with a great rate using your savings as collateral so that you don’t have to touch your hard-earned investment. Keep in mind, the loan can’t exceed the amount of your share account.

CD Secured Loan

Similar to the Share Loan, the CD Secured Loan uses your CD as collateral for the loan. Also providing a solution for that expense without withdrawing from your CD, this loan can’t be more than the CD value and it matures the same day the CD matures.

Payment Assistance

We know that life take can take unexpected turns you just can’t budget for, from employment changes to medical emergencies. We want to be by your side throughout your journey, good or bad, so we have several payment assistance options to help you when times get tough.

Skip-A-Payment

Holiday shopping, unexpected life events, and other personal situations can leave your account balance a little short when it’s time to make a loan payment. Our Skip-A-Pay program helps you navigate those times.

Financial Planning

Our financial wellness partner at GreenPath Financial will work with you on-on-one to evaluate your situation, put a budget in place, establish a payment plan, and help you get back to achieving your financial goals!