- APR Range: 8.94% - 18.00%
- Loan Amount: $500 - $50,000
- Loan Terms: 24 months - 84 months
First Tech Federal Credit Union offers loan amounts from $500 to $50,000 and accepts credit scores as low as 660, which is squarely in the ‘fair’ credit range. However, the credit union accepts both co-signers and co-borrowers, so people with truly ‘bad’ credit may still be able to get a loan with First Tech if they borrow with someone else.
Like other credit unions, APRs max at 18%, half of what many banks and other lenders offer. Loan terms extend up to 84 months, which can help keep monthly payments affordable. You can also defer your first payment for up to 45 days after your loan gets funded and purchase payment protection coverage, which can cover a payment if something unexpected happens and you can’t pay it.
Allows co-signers and co-borrowers
Flexible repayment terms
Prequalification available
Minimum credit score may be too high for some borrowers
Credit union membership required
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