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Desert Financial Personal Loans Calculator & Overview

Carla Soto
Carla Soto
Updated 19 Aug 2023
Fact checked

Desert Financial Credit Union logo

Desert Financial Credit Union was established in 1939 and is based in Phoenix, Arizona. Currently, it has more than 400,000 members and $6 billion in assets. Desert Financial Credit Union offers a full line of banking services, including loan and deposit services, payment solutions, investment management, and financial planning.

What are the rates and costs of a personal loan from Desert Financial? Use the Desert Financial personal loans calculator to estimate your monthly payment so you can have an idea of the total cost of your loan.

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.

Desert Financial personal loans in a nutshell

With a personal loan from Desert Financial, you can get the money you need to take care of family expenses, pay higher-interest debt, or other unexpected expenses. There are no application fees and prepayment penalties. You can apply with a co-borrower to increase your chances of approval.

These are the key features and benefits of a Desert Financial personal loan:

  • Loan amounts: Between $5,000 and $10,000
  • Loan terms: Up to 48 months
  • Loan fees: $0 application fee; $0 prepayment penalty
  • Interest rates: Start from 12.50% APR
  • Co-applications: Apply with a co-borrower to increase chances of approval

Requirements for a Desert Financial personal loan

To apply for a personal loan from Desert Financial, you must first become a member. Membership criteria include any of the following:

  • If you live, work, attend school, volunteer or worship in Desert Financial’s recognized counties in Arizona
  • If you are a family member of a Desert Financial existing member
  • If you are an employee of Desert Financial Credit Union

Here’s a list of what you need to provide to complete your personal loan application at Desert Financial:

  • Loan amount
  • Reason for taking out a personal loan
  • Given name
  • Birthdate
  • Social Security number
  • Yearly income
  • Average annual expenses
  • Employment information
  • Education qualification

 

Desert Financial personal loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

$10,000

Term

3 months

Change
Desert Financial

Desert Financial Credit Union personal loans

Desert Financial Credit Union personal loans
Estimated Month Repayments
$320 Inclusive of fees
Interest Rate
9.50%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
$5,000
to $10,000
Go to site
Our flexible loan options can bring you closer to your goal - whether it's getting your degree, taking care of family expenses or just being prepared for the unexpected. Plus, there are no application fees or prepayment penalties, so you can keep more of your cash for the important things.
Featured
Wells Fargo

Wells Fargo personal loans

Estimated Month Repayments
$303 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.
Featured
Eastman Credit Union

Eastman Credit Union personal loans (Shared Secured Personal Loan)

Estimated Month Repayments
$424 Inclusive of fees
Interest Rate
29.90%
APR
Repayment Period
12 months
to 12 months
Loan Amounts
$1,000
to $20,000
Go to site
ECU offers extraordinary products & services that make life just a little easier.

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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.

Pros and cons of Desert Financial personal loans

Pros

  • Fixed monthly rates
  • Co-borrowers allowed
  • Easy online application

Cons

  • Applications are restricted to those living or working in Arizona
  • Borrowing limits are lower than those from other lenders
  • Cannot be used to pay for post-secondary education

Frequently asked questions

What are the minimum and maximum loan amounts for Desert Financial personal loans?

You can borrow between $5,000 and $10,000 from Desert Financial.

Will there be application or origination fees deducted from the loan proceeds?

No, there won’t be any.

Will I be charged if I repay the full amount of the Desert Financial personal loan early?

No, you won’t be charged.

What is the estimated APR of a personal loan from Desert Financial?

Potential rates for a personal loan from Desert Financial start from 12.50% APR.

What can I use Desert Financial personal loans for?

Desert Financial personal loans can be used to make a major purchase, cover an emergency, or plan a life event. However, it cannot be used to pay for college tuition fees.

Video: Can a Desert Financial personal loan help you?

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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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