All Loans > Personal Loans > First Entertainment Credit Union Personal Loans Calculator
Important disclosure

First Entertainment Credit Union Personal Loans Calculator & Overview

Carla Soto
Carla Soto
Updated 19 Aug 2023
Fact checked

First Entertainment Credit Union logo

First Entertainment Credit Union (or First Entertainment) was founded in 1967 and is based in Hollywood, California. This non-profit financial cooperative has 11 branches in Los Angeles. It holds more than $17 billion in assets. For personal banking, they offer financing services including deposit and checking accounts, loans and credit cards, mortgages, insurance, and payment solutions.

If you need money fast, a personal loan may seem like the right answer, allowing you to get cash within a few days. Before jumping in headfirst, though, you should understand how much you need to pay on a monthly basis. Want to find out if a personal loan from First Entertainment Credit Union is your best option? The First Entertainment Credit Union personal loans calculator can be a useful tool to figure this out.

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.

A quick guide to First Entertainment personal loans

First Entertainment Credit Union offers a wide range of personal loans that may be suited to your needs. Use the funds for car repairs, kitchen upgrades, medical bills, school tuition, and more. Eligible applicants can enjoy higher loan amounts, lower rates, and better repayment terms.

Listed below are the main features and benefits of a personal loan from First Entertainment Credit Union:

  • Loan amounts: $500 to $30,000
  • Interest rates: from 6.90% APR
  • Loan terms: between 3 and 5 years

Requirements for a First Ent personal loan

Everyone who is a member of First Ent can fill out an application for a personal loan. If you want to join, make sure you meet any of these membership requirements:

  • You are an immediate family member of a First Entertainment Credit Union member
  • You are a retiree of companies served by First Entertainment
  • You live, regularly work, currently attend school, or currently worship in Los Angeles County, California

First Ent doesn’t have a list of borrower criteria for their personal loan products. However, most lenders expect loan applicants to meet the following criteria:

  • You are 18 years of age or older. Provide at least two forms of government-issued identification such as passport or certificate of citizenship.
  • You are a US citizen or resident. Provide a copy of a voter registration card or auto insurance that lists your address.
  • You have consistent and steady monthly income. Common forms of income verification include pay stubs, 1099 forms, or income tax returns.
  • You have a good credit standing. Aim to maintain a minimum credit score of 600. Ideally, a credit score of 700 can result in lower APRs, higher loan amounts, or a more reasonable repayment term.
  • You have a good debt-to-income ratio. Most lenders expect applicants to have a DTI ratio of 40% or lower.

 

First Entertainment Credit Union personal loan calculator

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

Loan Amount

$20,000

Term

3 months

Change
First Entertainment Credit Union

First Entertainment Credit Union personal loans

First Entertainment Credit Union personal loans
Estimated Month Repayments
$603 Inclusive of fees
Interest Rate
5.40%
APR
Repayment Period
12 months
to 36 months
Loan Amounts
$500
to $30,000
Go to site
Easy Living Consolidation Loans are available for amounts up to $30,0001 and for terms of three to five years.
First Entertainment Credit Union

First Entertainment Credit Union personal loans

First Entertainment Credit Union personal loans
Estimated Month Repayments
$612 Inclusive of fees
Interest Rate
6.40%
APR
Repayment Period
12 months
to 48 months
Loan Amounts
$5,000
to $30,000
Go to site
Easy Living Consolidation Loans are available for amounts up to $30,0001 and for terms of three to five years.
First Entertainment Credit Union

First Entertainment Credit Union personal loans

First Entertainment Credit Union personal loans
Estimated Month Repayments
$617 Inclusive of fees
Interest Rate
6.90%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
$10,000
to $30,000
Go to site
Easy Living Consolidation Loans are available for amounts up to $30,0001 and for terms of three to five years.
Featured
Wells Fargo

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.
Featured
Eastman Credit Union

Eastman Credit Union personal loans (Shared Secured Personal Loan)

Estimated Month Repayments
$848 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.

SeeLoans.com provides factual information about financial products. While SeeLoans.com attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on SeeLoans.com is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product, you will be dealing directly with that provider and not with SeeLoans.com. SeeLoans.com recommends reading the relevant product disclosure statement or product guide before taking up any financial product offer. Please view SeeLoans.com's Terms of Use for more information.

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 First Ent personal loans

Pros

  • Flexible range of loan amounts
  • Low APRs compared to those from other credit unions
  • No collateral required
  • Easy online application

Cons

  • Exclusive to First Ent members
  • Loan proceeds cannot be used for debt consolidation

Frequently asked questions

Can I use the First Ent personal loan for any purpose?

Loan proceeds may be used for everyday expenses, major purchases, or almost any worthwhile purpose. However, it may not be used to refinance existing First Entertainment Credit Union loans.

What are the minimum and maximum loan amounts for a First Entertainment Credit Union personal loan?

First Entertainment offers personal loans from $500 to $30,000.

What is the maximum period to repay a First Ent personal loan?

You have between 3 and 5 years to repay the personal loan from First Entertainment Credit Union.

What is the interest rate on a personal loan from First Ent?

Potential rates for a First Entertainment Credit Union personal loan start at 6.90%.

What will my monthly payments look like?

For example, monthly payment per $1,000 for 36 months at 6.90% APR is $30.83. Note that your actual payment for your First Ent personal loan may vary, and every borrower will qualify for the rates approved by the credit union.

Video: Begin your story with First Ent

Popular personal loan searches

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.

.

Seeloans.com provides factual information in relation to financial products. While Seeloans.com attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on Seeloans.com is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with Seeloans.com. Seeloans.com recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see Seeloans.com’s Terms of Use and Services Guide.

© 2024 Seeloans.com