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…
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.
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
Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
|as low as 7.00% APR*||up to 12 months|
|as low as 8.00% APR*||up to 18 months|
|as low as 8.50% APR*||up to 24 months|
|as low as 9.00% APR*||up to 48 months|
*APR means Annual Percentage Rate. Rates are effective as of November 4, 2019. 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
Adolfo was amazing! Love this organization! Adolfo helped my husband and me consolidate my loans, which has benefited my journey of financial peace. Grateful for people who care such as Adolfo Martinez.
Hi Lori - Thanks so much for sharing the love and letting us know about your experience at our Braun Branch with Adolfo and his team. We sincerely appreciate your loyalty and we're honored to be your credit union. We look forward to assisting you in your journey of financial peace! - Karla :-)
Just wanted to commend Beverley V. for being a wonderful and professional part of your office at the Credit Union. She is outstanding and has played an integral part in helping me get past my debt woes. She is a sincere and knowledgeable individual and has demonstrated an earnest care towards your members. I for one also found in her to be trusting and I'm sure without any reservation that Beverley will help guide me onto the right path of commitment to financial strategy. Meeting Beverley has renewed my confidence that it is never too late to start back up on my feet. I appreciate her time, her talent, and most of all, a caring personality I can lean on when I'm in the need for guidance. I'm grateful for having found this Credit Union, and, I have never regretted it. I'm in good hands with a group of truly caring individuals who have the clients' best interest at heart and for their success. Thank you again and again. I could not have made it without all of those that have touched my life from the Credit Union. I wish you all many years of success.
Louise - Thank you so much for your testimonial about the service you received from Beverley. We are proud to be your credit union and look forward to serving you for many more years to come! Thank you for being a member! - Karla :)
Jon was incredibly helpful in helping me secure a personal loan! Super transparent, responsive, and speedy.
Hi Brooke! Thanks for letting us know about your great experience with Jon at our Redland location. We sincerely appreciate your choice to be a United Texas Credit Union member and we’re here for you when you need us. Have a fabulous long weekend! -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.