Updated 19 Aug 2023
Fact checked
Digital Federal Credit Union (DCU) was chartered in 1979 and is based in Marlborough, Massachusetts. Currently, DCU has more than one million members and $10 billion in assets. Digital Federal Credit Union offers an array of products for consumers, including checking accounts, savings accounts, share certificates, loans, credit cards, and business banking services.
When you apply for a personal loan, lenders will assess your application to see if you meet their eligibility criteria. Before deciding to go with a personal loan from Digital Federal Credit Union, view your potential repayments through the Digital Federal Credit Union personal loans calculator to see if this is something you can afford to pay for the life of the 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.
Digital Federal Credit Union personal loans at a glance
A personal loan from Digital Federal Credit Union can be a practical solution for your needs – whether it is to pay off existing debt, start a business, or build your credit history. Qualified borrowers can get a response within one or two business days. Rate discounts are available for those who set up automatic loan payments.
What you need to know about the basic features and benefits of a Digital Federal Credit Union personal loan:
- Loan amounts: $200 to $100,000
- Loan terms: Up to 60 months
- Interest rates: From 8.49% to 18.00% APR
- Turnaround time: 1-2 business days
- Discounts: 0.5% APR discount for automatic payments
Requirements for a Digital Federal Credit Union personal loan
Members and employees of Digital Federal Credit Union are the only ones eligible for their personal loans. If you are not yet a member, there are different ways to join. Membership is available to anyone who:
- Live, work, attend school, or go to church to any of DCU recognized communities
- Is an immediate family member of any of DCU participating companies, organizations, and employers
Digital Federal Credit Union does not have a specific list of borrower criteria. However, most lenders expect loan applicants to submit documents related to the following requirements:
- Proof of identity: Submit a copy of government-issued IDs such as driver’s license, passport, or birth certificate to prove that you are at least 18 years old and with a permanent US address.
- Capacity to pay: For employed individuals, submit pay stubs or employer contact information; for self-employed individuals, submit bank statements or tax returns.
- High credit score: The minimum is at least 600; ideally, a score of 700 is better.
- Low DTI ratio: It should be lower than 40% although some lenders will approve those with a debt-to-income ratio of up to 50%.
Digital Federal Credit Union personal loan calculator
Estimated Month Repayments
Repayment Period
12 months
to 60 months
Loan Amounts
$1,000
to $20,000
Pay off credit cards or invest in home improvements with our traditional personal loan
Estimated Month Repayments
Repayment Period
12 months
to 84 months
Loan Amounts
$3,000
to $10,000
Checking and savings accounts and credit cards for your everyday business expenses and cash management.
Estimated Month Repayments
Repayment Period
12 months
to 12 months
Loan Amounts
$1,000
to $20,000
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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.
