Search
When borrowing money for a personal loan, it’s important to understand the interest rate associated with the loan. Take a closer look at personal loan rates below from Greater Nevada Credit Union.
Personal Loan Rates
Competitive Rates From a Lender You Can Trust
Personal Loan Rates
Product
APR1 As Low As
Product
Personal Loan
APR1 As Low As
13.49%
1APR (Annual Percentage Rate) effective July 19, 2023. Rates and conditions are subject to change without notice and vary based on creditworthiness and other factors. Rates shown assume excellent borrower credit history. Not all applicants will qualify for the lowest rate. Payment example: A personal loan of $10,000 financed at 13.49% APR for 60 months equals a payment of $230.05 per month.
What Affects Your Personal Loan Rate?
Every loan we offer has a unique blueprint behind it, and the key deciding factor when it comes to determining the annual percentage rate (APR) you would receive on a personal loan is your credit score. The reason being is that it shares a detailed history of how well you’ve handled debt and repayments in the past.
Interested to see where you stand with your credit report? Members can take advantage of our free My Credit Health feature within Digital Banking offering a powerful one-stop-shop to access your credit score, credit monitoring, credit score simulator, financial tips, and more. All of this without impacting your credit score, and all online.
If you have imperfect credit, then one way to consider improving your rate would be to bring on a well-qualified co-borrower so that their score would be used in determining the rate.
Personal Loan Rates Frequently Asked Questions (FAQs)
We get plenty of questions about personal loan rates and how they are determined. The following questions should help as you begin to explore personal loans from Greater Nevada.
-
What is a good interest rate for a personal loan?
A good interest rate is one that is generally in line with the APR range offered by other credit unions, banks and other financial institutions. For example, payday loans are not considered “good interest rates” because they tend to be much higher to take advantage of people with low credit scores that may not be able to be approved elsewhere.
-
How much is a $5,000 personal loan a month?
Your monthly payment will depend on your approved rate and the loan terms. To best get a sense of how much you might pay, visit our personal loan calculator to run some different test scenarios.
-
What do banks look at when applying for a personal loan?
For the full answer, visit our personal loan requirements page. Generally speaking, however, to qualify for a personal loan, you will need to provide basic information about yourself, including details about your current employment or income source, your credit report, and your other outstanding debts.
Apply for a Personal Loan From Greater Nevada Credit Union Today
Ready to apply for a personal loan? Start with the tools below to apply or get in touch with our personal loan consultants.
