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FSU Credit Union Personal Loans Calculator & Overview

Carla Soto
Updated 19 Aug 2023
Fact checked

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Florida State University Credit Union was established in 1954 and currently has more than 20,000 members and $220 million in assets. FSU Credit Union offers a full range of products and services for personal banking, including personal loans, investment management, and financial planning.

A personal loan might be an easy method to deal with an emergency, pay for a down payment, or cover wedding expenses. But, before you go any further, you should figure out a rough estimate of your monthly payments. If you want to apply for a FSU Credit Union personal loan, use the FSU Credit Union personal loans calculator. This handy tool can help you figure out how much you’ll have to pay and whether you’ll be able to make the payments on time.


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 FSU Credit Union personal loans

FSU Credit Union offers personal loans to qualified borrowers. The funds can be used to pay off high-interest debt, medical bills, school fees, or any unexpected expenses. Inquire about available loan amounts and repayment terms that are within your capacity to pay.

FSU Credit Union does not have a list of its personal loan products’ main features and benefits. However, like other credit unions that offer personal loans, FSU Credit Union would most likely offer variable loan amounts and payback terms based on your credit history and ability to pay. Lower interest rates may be available for those with a higher credit score.

Requirements for a FSU Credit Union personal loan

Only current members and employees are qualified to take out a FSU Credit Union 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:

  • If you live or work in any FSU Credit Union-recognized counties
  • If you are an immediate family member of a FSU Credit Union member or employee
  • If you are a faculty, staff, employee, or student of Florida State University
  • If you are a member of any FSU Credit Union-recognized businesses or organizations

The criteria for applicants of a personal loan from FSU Credit Union are undisclosed. However, most lenders have these general expectations from applicants:

  • Proof of identity (driver’s license, social security number, other state-issued IDs)
  • Proof of address (utility bill, property tax receipt, home insurance copy, mortgage statement, lease or rental agreement)
  • Employment and/or income verification (paystubs, tax returns, bank statements)
  • Minimum credit score of 600 while other lenders require a score of 700 and beyond
  • Minimum debt-to-income ratio of 36% while other lenders approve those with a ratio of 50% or higher

 

FSU Credit Union personal loan calculator

Loan Amount

$20,000

Term

3 months

FSU Credit Union

Florida State University Credit Union personal loans

Estimated Month Repayments
Interest Rate
5.99%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
1000
to $20,000
FSU Credit Union offers competitive interest rates on personal loans. So, whether you're looking to pay off debt or you need extra cash for an upcoming vacation, we have options for you.

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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 FSU Credit Union personal loans

Pros

  • Online application available

Cons

  • Information on loan amounts, APRs, and repayment terms are undisclosed
  • The lender doesn’t make its full eligibility criteria clear
  • Applications are restricted to credit union members
  • Minimum credit score and income requirements are not listed online
  • There are no details about rate discounts or debt protection plans

Frequently asked questions

How much can I borrow from FSU Credit Union?

Borrowing limits for FSU Credit Union personal loans are undisclosed.

What are the potential rates for an FSU Credit Union personal loan?

FSU Credit Union did not specify the APR range for their personal loans products.

What credit score is required to get approved for a FSU Credit Union personal loan?

FSU Credit Union did not specify the minimum required credit score for applicants. However, the higher your credit score, the better your chances are of getting approved for a personal loan.

What is the income requirement to be eligible for a FSU Credit Union personal loan?

FSU Credit Union did not make clear how much you should be earning in order to qualify for a personal loan from them. To ensure that the application process will go smoothly, you have to prepare documents that will prove that you are earning a regular salary or income and that you have the capacity to repay the loan.


Video: FSU Credit Union – Borrow for less, give back more

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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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