Guide to Finding the Best Signature and Personal Loans in Ohio
Credit unions are great alternative to banks for obtaining signature and personal loans in Ohio. Our goal is to help you find local lenders, national lenders and online lenders offering signature loans to get the best offers, no matter if your in Toledo, Cleveland, Youngstown, Dayton or Cincinnati. Banks often charge high interest and fees as well as having a long list of requirements to fulfill. You can get approved for a signature loans faster and get a lower interest rate when you apply from a credit union. The majority of the credit unions in Ohio can trace their history back to several decades ago. They are well established and receive good reputation in the community. Usually, the credit union’s membership is open to selected counties in Ohio. Credit unions play an important role in contributing to the economy. Many small business manage to get their loans from credit unions when they cannot obtain funding from the local banks. The following are the top 5 credit unions that offer signature and personal loans in Ohio.
General Electric Credit Union
General Electric Credit Union ranks as the 4th largest credit union in Ohio. It has a headquarter in Greater Cincinnati, Ohio. It was founded by a few employees of General Electric Aircraft Engines in 1954. The membership is opened to 16 counties in Ohio, 5 counties in Kentucky and 5 counties of Indiana. Up to date, it has more than 160,000 members. The family members of the existing members can also join General Electric Credit Union.
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General Electric Credit Union offers both secured and unsecured personal loans. GE unsecured personal loans with a 24 months repayment term has an APR interest rate that starts from as low as 6%. The unsecured personal loans with a loan term of up to 60 months features an APR interest rate that starts from 7%. Aside from the regular unsecured signature loan, it also offers unsecured education loan that features a loan term of up to 84 months and an APR interest rate that starts from 8.25%. Other types of personal loans that GE offers include Hardship Emergency Loan Program (HELP) and Overdraft Line of Credit (ODLOC).
Wright-Patt Credit Union
Wright-Patt Credit Union is the largest credit union in Ohio. Headquartered in Beavercreek, it now has more than 330,000 members and a total asset of $3.4 billions. It was originally founded by a few federal employees who work at Wright Field in 1932. Wright Field is the present Wright-Patterson Air Force Base. Its membership is opened to 19 counties in Ohio. Relatives of those who meet the membership criteria can also join the credit union.
Wright-Patt Credit Union offers fixed rate personal loans with repayment terms of up to 60 months. The APR interest for the signature loan starts from 7.99%. The interest rate is determined based on a number of factors including loan term, and credit history. There is no annual fee and no requirement for collateral. Wright-Patt personal loans can be repaid by setting up automatic transfers from your savings account at WPCU or other banks. You can also make repayment for the loan through online transfer via the WPCU online/mobile banking.
Telhio Credit Union
Telhio Credit Union was originally founded in 1935 to serve the employees of Columbus Telephone Company. Now, its membership is open to residents of 11 counties in Texas including Fairfield, Pickaway, Madison and Franklin. Telhio Credit Union has a headquarter in Columbus, Ohio. It has a total of 500,000 members and 4,000 branches. The total asset of Telhio Credit Union is $535 millions. Telhio Credit Union is BBB accredited and it is under the regulation of the National Credit Union Administration (NCUA).
Telhio offers closed end and open end personal loans. The closed end loans has a set repayment period while the open end loans do not have a set repayment period. Telhio personal loans feature an APR interest rate that starts from as low as 13.454%. There is a $100 document preparation fee that you have to pay if you apply for the personal loan or debt consolidation loan. Telhio personal loan special is a different type of personal loan of which its borrowers are offered a much lower APR interest rate that starts from 8.195%. The document preparation fee for the personal loan special is $150.
Kemba Credit Union
Kemba Credit Union was founded by 7 employees of State Avenue Kroger Manufacturing Plant in February 1934. Up to date, Kemba has over 88,000 members and a total asset of more than $715 millions. The financial institution has experienced fast growth and expanded from a small office to a large headquarter building in Gahanna, Ohio.
Kemba Credit Union offers closed end fixed rate signature loan that allows borrowers to borrow as little as $500. The APR interest rate for the signature loans starts from as low as 9.95%. Both secured and unsecured personal loans are offered by Kemba Credit Union. The signature loan can be used for expenses like buying new furniture and electronic, tuition fees, personal projects, car repair, and etc. Kemba also offer share secured. Kemba also provide a share secured loan that allows you to use your savings account as collateral. The share secured loan offers APR interest rate that starts from 3%.
Seven Seventeen Credit Union
Seven Seventeen Credit Union was originally established in 1957 to serve the employees of Packard Electric. It currently has 11 branches and more than 74,000 members. The areas that it serve include Trumbull, Portage, Ravenna, Youngstown and Mahoning. Seven Seventeen has more than 5,000 branches in Ohio.
Seven Seventeen signature loans, also known as Note Loans, can be used for funding all kinds of purposes. Note loans feature a fixed interest rate and the minimum loan amount starts from $1,500. With the fixed interest rate, you will pay the exact same amount every month which allows you to budget easily. The interest rate starts from 11.17% and the loan repayment term is up to 60 months. Note Loans charges a processing fee of $100. Seven Seventeen also offer a personal line of credit loan that features pre-approved limit. Seven Seventeen loans can be conveniently applied online. You don’t have to go to the branch to sign the loan paper as it allows the clients to sign the loan papers using an electronic signature.
Ohio Department of Finance and Lending Regulation
30 E. Broad St., 40th Floor
Columbus, Ohio 43215
Popular Markets In Ohio For Short Term Loans
Akron, Austintown, Barberton, Beavercreek, Boardman, Bowling Green, Brunswick, Canton, Cincinnati, Cleveland, Cleveland Heights, Columbus, Cuyahoga Falls, Dayton, Delaware, Dublin, Elyria, Euclid, Fairborn, Fairfield, Findlay, Gahanna, Garfield Heights, Grove City, Hamilton, Hilliard, Huber Heights, Lancaster, Lorain, Kent, Kettering, Lakewood, Lima, Mansfield, Marion, Mason, Massillon, Medina, Mentor, Middletown, Milford, Newark, North Olmstead, North Ridgeville, North Royalton, Parma, Reynoldsburg, Sandusky, Shaker Heights, Sharonville, Solon, Springfield, Strongsville, Stow, Toledo, Upper Arlington, Westlake, Westerville, Wooster