Personal Loans Tips, Info & FAQs
Consumer loan granted for personal use
Need to cover a big expense, but don’t have collateral? An unsecured Personal Loan is a great option. It requires no collateral and comes with a low, fixed rate. You can even defer your first payment up to 60 days from the date you finalize the loan.
What should you use your personal loan for?
A personal loan is a very convenient way to deal with expenses. However, you want to be careful what you use it for. Here are our recommendations:
DO use a personal loan for…
1. Debt consolidation
If you have high-interest credit cards eating away at your income, transferring the debt to a personal loan is a good idea. You’ll enjoy lower rates and payments than you would with the credit card companies.
It might seem odd to get a personal loan for a wedding when wedding-specific loans already exist. However, a personal loan gives you more flexibility with your choices.
You shouldn’t take out a personal loan for every little trip, but for milestone events, such as an anniversary excursion, a personal loan is the perfect solution.
DON’T use a personal loan for…
1. Everyday expenses
If you consistently need extra cash for everyday expenses, it’s time to reconsider your financial situation. You may need a new budget… or a new job. A personal loan will not be enough to solve the problem.
2. College tuition
You should use an education-specific loan instead of a personal loan. These have some of the lowest rates on the market and often provide tax advantages as well.
What is a personal loan?
Also called a signature loan, a personal loan is an unsecured loan that does not require collateral.
What can I use the proceeds of the loan for?
You may use the cash for just about anything to fulfill your financial needs.
What terms do you offer?
Depending on the amount you qualify for, United Texas offers terms on personal loans up to 48 months.
Are there any prepayment penalties?
No. You have the flexibility to prepay without penalty.
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Personal Loans Rates & Calculator
|as low as 7.00% APR*||up to 12 months|
|as low as 9.00% APR*||up to 18 months|
|as low as 10.00% APR*||up to 24 months|
|as low as 11.00% APR*||up to 48 months|
*APR means Annual Percentage Rate. Rates are effective as of August 1, 2017. The specific rate and term will be dependent upon your credit rating, collateral value, amount financed and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply.
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Personal Loans Why United Texas
- No collateral required
- Low, fixed rates
- Terms up to 48 months
- No payments for the first 60 days
- Fast application turnaround
My experience with United Texas was amazing! Ricardo was very helpful and knowledgeable. he made the process of taking out a loan easy and best of all, painless! Thank you so much for making this experience a pleasant one!Leann B., member since 2007
Cassandra M. helped me get a loan to help with unexpected expenses. She made the process seamless and answered all of the questions I had.
Terae - thanks so much for being a member! We sincerely appreciate your kind words about the service you recently received from Cassandra at our Boerne Branch. If you need anything else, please reach out to us. We're here for you and sincerely appreciate your choice to do business with us. Enjoy your day! -Karla
GREAT BANK. OFFER GREAT RATES FOR FINANCING.
Roy, thank you for the positive feedback on your membership experience with United Texas. We appreciate you!
My experience with United Texas CU was amazing! Ricardo was very helpful and knowledgeable. He made the process of taking out a loan easy and best of all painless! Thank you so much United Texas and Ricardo for making this experience a pleasant one!
Thanks so much for letting us know that you had a great experience with Ricardo regarding your United Texas loan. We sincerely appreciate your membership! Please let us know if you need anything - we're happy to help! - Karla
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Personal Loans How it Works
Getting a personal loan with us is fast and easy:
Become a member of United Texas by opening a savings account with a minimum $5 deposit.
Contact us in person, online or by phone.
Complete a quick loan application.
Sign your loan documents in person or electronically.