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CoVantage Credit Union Personal Loans Overview

Carla Soto
Carla Soto
Updated 19 Aug 2023
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CoVantage Credit Union logo

CoVantage Credit Union, formerly known as Antigo Co-op Credit Union, was established in 1953. This Wisconsin-based credit union is on the list of the top 100 credit unions in the country. CoVantage Credit Union has a full suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products, and credit cards.

A personal loan can be a good alternative if you want to finance a major purchase or take care of unexpected expenses but don’t want to be locked into how you use the money. If you want to find out if a CoVantage personal loan is the solution you’re looking for, calculate your potential payments using the CoVantage Credit Union personal loans calculator.

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 CoVantage Credit Union personal loans

CoVantage Credit Union offers unsecured personal loans to help you with any financial need. Use the funds for home renovations or repairs, medical bills, school tuition, or debt consolidation. They provide affordable rates and flexible payments to qualified borrowers.

Here is a roundup of the key features and benefits of a personal loan from CoVantage Credit Union:

  • Loan amounts: Minimum of $50 and maximum of $100,000
  • Loan terms: Between 1 month and 60 months
  • Loan fees: No prepayment penalties
  • Repayment frequency: Bi-weekly, weekly or monthly
  • Interest rates: starts from 9.740% APR (36 months); 10.240% APR (48 months); 10.740% (60 months)

Requirements for a CoVantage Credit Union personal loan

To apply for a CoVantage Credit Union personal loan, you must first become a member. Membership is available for anyone who meets any of the following requirements:

  • You live or work in CoVantage recognized Michigan and Wisconsin counties
  • You are an immediate family member of a current CoVantage Credit Union member
  • You are current or former employee of CoVantage recognized establishments, businesses, or institutions

When you apply for a CoVantage Credit Union personal loan, prepare the following documents:

  • Proof of identity (that you are 18 years of age or older)
  • Proof of residence (a recent utility bill or a copy of your lease or other rental agreement)
  • A copy of government-issued ID (e.g. driver’s license)
  • Have a minimum score of around 600 to qualify; if a higher credit score is required, you may need a co-signer or co-borrower
  • Have a debt-to-income ratio of 40% or lower
  • Evidence of steady source of income (recent tax returns, monthly bank statements, pay stubs)
  • If self-employed: provide tax returns or bank deposits

 

CoVantage Credit Union personal loan calculator

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

$20,000

Term

3 months

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CoVantage Credit Union

CoVantage Credit Union personal loans

CoVantage Credit Union personal loans
Estimated Month Repayments
$613 Inclusive of fees
Interest Rate
6.49%
APR
Repayment Period
1 month
to 60 months
Loan Amounts
$1,000
to $20,000
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When you're ready to finance through CoVantage Credit Union, we're here to make the process go as quickly and smoothly as possible.
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Wells Fargo personal loans

Estimated Month Repayments
$606 Inclusive of fees
Interest Rate
5.74%
APR
Repayment Period
12 months
to 84 months
Loan Amounts
$3,000
to $10,000
Go to site
Checking and savings accounts and credit cards for your everyday business expenses and cash management.
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Eastman Credit Union personal loans (Shared Secured Personal Loan)

Estimated Month Repayments
$848 Inclusive of fees
Interest Rate
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APR
Repayment Period
12 months
to 12 months
Loan Amounts
$1,000
to $20,000
Go to site
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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

How can I apply to CoVantage Credit Union for a personal loan?

You must be a CoVantage Credit Union member to be able to apply for a personal loan.

What are CoVantage Credit Union’s minimum and maximum loan amounts?

You can borrow between $50 and $100,000 from CoVantage.

How much does CoVantage Credit Union charge for personal loans?

For a loan term of 36 months, potential rates start at 9.74% APR. For a loan term of 48 months, potential rates start at 10.24% APR. For a loan term of 60 months, potential rates start at 10.74%.

Can I apply for a CoVantage personal loan if I have a low credit score?

Before applying for a CoVantage personal loan, you should try to raise your credit score. This will improve your chances of getting approved.

Does CoVantage Credit Union provide discounts and rebates on its loan products?

Yes, CoVantage provides additional discounts and rebates for loan interest payments.

Video: CoVantage Credit Union: The best of the best

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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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