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Firstmark Credit Union Personal Loans Calculator & Overview

Carla Soto
Carla Soto
Updated 19 Aug 2023
Fact checked

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Firstmark Credit Union (formerly San Antonio Teachers Credit Union) was chartered in 1932 and currently has $1 billion in assets. This not-for-profit financial cooperative is the oldest state-chartered credit union in San Antonio, Texas. Firstmark CU offers a broad range of financial products such as loans and credit cards, mortgages and refinancing services, insurance, Certificate of Deposit (CDs), and individual retirement accounts (IRAs).

Need to fill gaps in your budget, pay down high-interest debt at a lower cost, or plan your dream vacation? First, you need to understand how a personal loan works and whether it is the right option to secure the funds you need to cover your expenses. If you’re thinking about applying for a Firstmark Credit Union personal loan, use the Firstmark Credit Union personal loans calculator to view your potential repayments.

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.

General facts about Firstmark Credit Union personal loans

Firstmark Credit Union offers low-interest personal loans to qualified borrowers. Use the funds to pay off bills, go on a vacation, or do something special for your loved ones. There is no need for collateral, and there will be no payments for the first 45 days.

What you need to know about the basic features and benefits of a Firstmark Credit Union personal loan:

  • Loan amounts: from $500 to $40,000
  • Loan terms: between 12 and 60 months
  • Loan fees: $25 service fee
  • Interest rates: start at 10.49% APR
  • Loan options: without collateral

Requirements for a Firstmark personal loan

Only current members and employees are qualified to take out a Firstmark personal loan. Join now so you can enjoy all the available membership benefits and privileges. You only need to meet any of the following requirements:

  • Anyone who lives, works, worships, or goes to school to at within any Firstmark Credit Union-recognized counties
  • Anyone who is an immediate family member of a Firstmark Credit Union member or employee
  • Anyone who is a current or retired educator or student from any Firstmark Credit Union-recognized counties

Borrower criteria for a personal loan from Firstmark Credit Union are undisclosed. However, most lenders expect loan applicants to submit documents related to the following requirements:

  • Proof of identity (driver’s license, birth certificate, social security card, passport)
  • Proof of residence (utility bill, lease or rental agreement, mortgage statement, property tax receipt)
  • Proof of employment for traditionally employed individuals (paystubs, W-2s and 1099s, employer statement)
  • Income verification for self-employed individuals or business owners (tax returns, bank statements, annuity statements)

 

Firstmark 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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Firstmark Credit Union

Firstmark Credit Union personal loans

Firstmark Credit Union personal loans
Estimated Month Repayments
$637 Inclusive of fees
Interest Rate
9.10%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
$1,000
to $40,000
Go to site
Whether the plan is to pay a few bills, take a trip, or do something special, Firstmark Credit Union invites all members to apply for a low rate personal loan.
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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.
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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.

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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 Firstmark personal loans

Pros

  • Flexible loan amounts
  • No payments for the first 45 days
  • Borrowers may skip up to two payments per year (for a fee)
  • Rate discounts for automatic payments
  • No collateral

Cons

  • Exclusive for members only
  • Only available in certain Texas counties
  • Rates higher than those from other credit unions

Frequently asked questions

How much can I borrow from Firstmark Credit Union?

Firstmark offers personal loans between $500 and $40,000.

What are the available loan terms for a Firstmark Credit Union personal loan?

A Firstmark personal loan can be repaid for a period between 12 and 60 months.

What loan fees should I expect when I apply for a Firstmark Credit Union personal loan?

A Firstmark personal loan has a $25 service fee.

What are the interest rates on a Firstmark Credit Union personal loan?

Potential rates for a Firstmark Credit Union personal loan start at 10.49%.

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

Approval for a Firstmark personal loan is based on your creditworthiness and proof of a stable income. If you have a low credit score, work to improve it so you can get the best deal that will help you achieve your financial goals.

Where can I find the online banking login for Firstmark Credit Union?

Account access through online banking is available at the Firstmark Credit Union website.

Video: Get a low-rate personal loan from Firstmark Credit Union

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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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