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Caltech Employees FCU Personal Loans Overview

Carla Soto
Carla Soto
Updated 19 August 2023
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Caltech Employees Federal Credit Union logo

Caltech Employees Federal Credit Union (CEFCU) was established in 1950. CEFCU is the 25th largest credit union in the state of California. It currently has over 37,000-member accounts and assets of over $2 billion.

How much is a Caltech EFCU loan? With our Caltech Employees FCU personal loans calculator, it’s easy to figure out what your monthly payments would look like. In this guide, you can find out what you must do to be eligible for and submit a loan application.

Personal loans have an annual percentage rate (APR) varying from around 3% to 36% APR. The interest rates you can receive will depend on a range of factors, such as your credit score, income, and debt-to-income ratio. On a loan of $10,000 over 5 years, the cost could vary between $10,781 and $21,680. The interest cost is between $781 and $11,680.

An overview of Caltech Employees Federal Credit Union personal loans

A personal loan at Caltech Employees Federal Credit Union is designed to help you meet your financial needs. You can use the money to pay for medical bills, buy a new car, or fund a destination vacation. CEFCU loans have low fixed rates, fast approvals, and convenient payment options.

Caltech EFCU’s loan features

Here’s an outline of the key features and benefits of a CEFCU personal loan:

  • Loan amounts: no specified amount
  • Loan terms: 24 months, 36 months, 48 months
  • Interest rates: APR 6.95% for 24 months; APR 7.25% for 36 months; APR 7.95% for 48 months

Requirements for a Caltech Employees FCU personal loan

A Caltech Employees FCU personal loan is available for members only. If you are not yet a member, make sure to meet any of the following eligibility criteria:

  • Be an immediate family member of CEFCU members
  • Live and work in affiliated Caltech Employees FCU communities
  • Have served any of the recognized CEFCU organizations

CEFCU doesn’t make it clear what the borrower criteria should be; typically, they expect you to:

  • Be 21 years of age
  • Be a US resident
  • Have a steady source of income
  • Have a good credit standing

When you apply for a personal loan at Caltech, they will require you to bring the following:

  • Loan request forms
  • Proof of identity (driver’s license, social security number, other state-issued IDs)
  • Proof of US residential address
  • Current pay stub(s) dated within 30 days or Federal Tax Return for last two years if self-employed
  • If paying off outside debt, include copies of most recent statements

Caltech Employees FCU personal loan calculator

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Product Information
EST Monthly
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Interest
Rate
Repayment
Period
Loan
Amounts
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Loan Amount

$20,000

Term

3 months

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Caltech Employees Federal Credit Union

Caltech Employees Federal Credit Union personal loans (Short Term Personal Loan)

Caltech Employees Federal Credit Union personal loans (Short Term Personal Loan)
Estimated Month Repayments
$617 Inclusive of fees
Interest Rate
6.95%
APR
Repayment Period
12 months
to 48 months
Loan Amounts
$5,000
to $50,000
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Estimated Month Repayments
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Interest Rate
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APR
Repayment Period
12 months
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Loan Amounts
$3,000
to $10,000
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Checking and savings accounts and credit cards for your everyday business expenses and cash management.
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Estimated Month Repayments
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Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.

Frequently asked questions

What can I use the CEFCU personal loan for?

CEFCU personal loans can be used at your own discretion. The money is available to fund major purchases such as a new car or kitchen appliances. It can also be used to pay for emergency expenses such as medical bills, college tuition, or high-interest debt.

What are the available CEFCU loan amounts for borrowers?

CEFCU does not state the exact loan amount available for qualified borrowers.

What is the estimated APR of a CEFCU personal loan?

Rates vary depending on repayment terms. APR are from 6.95%, 7.25%, and 7.95% for 24, 36, and 48 months, respectively.

Will I be approved for a CEFCU personal loan if I have a low credit score?

A low credit score might affect your personal loan application at CEFCU. It is best to improve your credit score to boost your chances of getting approved.

Where can I find the online banking login for CEFCU?

Account access through online banking is available at the Caltech Employees Federal Credit Union website.

Video: Caltech Employees FCU – Dedicated to serving the community

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Carla Soto
Carla Soto

Carla is a skilled copywriter at BestFind with a background in marketing and communications. She specializes in reviewing personal loan and finance products to help readers navigate the complex world of personal finance.

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