Guide to Finding the best signature loans in California Including These Local Banks and Credit Unions
The best place where you can get signature loans at the cheapest rate is through the credit union. We help residents in California review options for online loan offers and from lenders near you in Los Angeles, San Diego, San Jose, San Francisco, Fresno and throughout the entire state.
Online Signature Loans in California
Unlike banks, credit unions is a financial institution that is non for profits. This means that it will return its profits to the members in the form of interests. It is very affordable to get a signature loan from a credit union because of the significantly lower interest rate. Besides a lower interest rate, credit unions also charge much lesser fees on the signature loans. In California, there are many credit unions that provide signature loans for the residents. Many of the credit unions are also the top credit unions in the USA. The following are the top 5 credit unions that offer the best bank rates for the signature loans.
SchoolsFirst Federal Credit Union
Schools First Federal Credit Union was founded by 126 school staff in 1934. The credit union changes to the present name in 2008. It has 40 branches and 28,000 ATMs in California. SchoolsFirst Federal Credit Union offers unsecured personal loans ranging from $500-$15,000. SchoolsFirst personal loan has a repayment term of up to 72 months. SchoolsFirst personal loans have an APR interest rate that starts from 5% for a 12-24 months loan term. The longer the loan term you choose, the higher the interest rate you will be charged. The APR interest rate range is in between 5%-9.50% for the SchoolsFirst signature loans.
The Best Online Signature Loans and Unsecured Loan Lenders Near You
SchoolsFirst will look at your credit score when deciding whether to approve your application. There is no need to provide any collateral for the loan. It does not charge application fee or early repayment fee. If you choose to repay the loan through automatic transfer, you will get a 0.75% discount. The funds from the SchoolsFirst personal loans can be used to cover your education expenses, debt consolidation and other unexpected expenses. Besides the personal loans, SchoolsFirst also offer everyday loans that allow borrowers to borrow up to $1,000. The everyday loans requires the borrowers to repay the loan on their next payday.
Golden 1 Credit Union
Golden 1 Credit Union is one of the top credit unions based in Sacramento, California. It ranks as the second largest credit union in California and the sixth largest credit union in USA. It was originally founded by 11 state employees in California in 1933. Golden 1 Credit Union currently has more than 830,000 members and 30,000 ATMs. Golden 1 Credit Union has 79 branches through the United States. It has achieved an A+ rating with the Better Business Bureau (BBB).
Short Term Lenders and Loan Offers For California Borrowers
Golden 1 Credit Union offers several types of signature loans. It provides unsecured personal loans with loan amount starting from as low as $500. Golden 1 personal loans can be signed up by residents in 38 counties in California. The interest rate is one of the lowest compared to other credit unions in California and starts from 2.79%. The majority of the loans will get approved and funded within 1 – 2 days. The Golden 1 starter loan is designed for people who lack credit history and want to build up their credit score. The starter loan allows you to borrow in between $1,500 – $2,500.
Redwood Credit Union
Redwood Credit Union is a local credit union based in Santa Rosa, California. Founded in 1950, it provides loans for people in the North Bay and San Francisco areas. It currently has over 273,000 members and 17 branch locations. Redwood Credit Union has an A+ rating in the BBB. It ranks in the 54th place in the list of top credit unions in the USA. Redwood Credit Union has more than $3 billions in assets.
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Redwood provides unsecured personal loans up to $50,000 with a loan term in between 36 – 84 months. Redwood personal loans can be used for a number of purposes including buying a second hand car, or consolidate your existing debts. Fixed and variable rate personal loans are available at Redwood. The interest rates for Redwood personal loans range from 11.49% – 12.99%. You can qualify for the lowest interest rate when you choose a loan term of 36 months. If you choose a loan term if 60 months, the APR interest rate is 11.99%. You will be assigned with the APR interest rate of 12.99% if you choose to repay your loan in 84 months.
San Diego County Credit Union
San Diego County Credit Union (SDCCU) is ranked as the largest credit union in San Diego, California. The non for profit credit union has more than $7.9 billions in assets. It has 41 branches in San Diego, Riverside and Orange County. It receives the many awards over the past years including the Best Credit Union, Best Financial Planner, and Best Place to Work.
SDCCU signature loans allow borrowers to borrow up to $20,000 at a fixed interest rate of 15.5% per year. SDCCU signature loans is suitable for covering any unexpected expenses that you encounter in life. They will consider a number of factors when deciding whether to approve your personal loan including credit score, debt to income ratio, and credit history.
Patelco Credit Union
Patelco Credit Union (Pacific Telephone and Telegraph Company) is a non for profit credit union headquartered in Pleasanton, California. Patelco Credit Union was founded with an asset that only worth $500 in 1936. Today, it has grown to be a large credit union with over 300,000 members and has a total asset that worth over $5 billions. Patelco Credit Union is ranked in the 26th place in the list of the largest credit unions in USA. In California, Patelco Credit Union is ranked as the 6th largest credit union. Patelco Credit Union has been acquired by AT&T and it now has more than 6,000 branches in the USA.
Patelco Credit Union offers unsecured personal loans of up to $25,000 with fixed interest rate. The loan can be repaid within a period of 5 years. The interest rate for the signature loan is in between 9.90% – 14%. Patelco personal loans features debt protection, free online banking, automated BillPay, mobile banking and free credit report.
Direct Lenders Who Operate In These California Markets
Long Beach, Oakland, Santa Ana, Anaheim, Bakersfield, Riverside, Stockton, Chula Vista, Irvine, Modesto, Fremont, San Bernardino, Glendale, Huntington Beach, Moreno Valley, Oxnard, Fontana, Ontario, Rancho Cucamonga, Oceanside, Santa Clarita, Garden Grove, Santa Rosa, Pomona, Corona, Lancaster, Salinas, Palmdale, Pasadena
State of California Department Of Finance and Lending Oversight
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