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Georgia's Own Credit Union Personal Loans Calculator & Overview

Carla Soto
Carla Soto
Updated 19 Aug 2023
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Georgia's Own Credit Union logo

Georgia’s Own Credit Union was founded in 1940 and is the 3rd largest credit union in Georgia. Currently, it has almost 190,000 members and $2.38 billion in assets. Georgia’s Own provides a full range of financial services like free checking accounts, VISA credit cards, competitive loan rates, mobile banking, and high-yielding CDs.

Emergency bills or planned purchases are unavoidable in life. A personal loan may be able to help you take care of those unexpected expenses. How does a Georgia’s Own Credit Union personal loan compare with those from other lenders? Use the Georgia’s Own Credit Union personal loans calculator to help answer your questions like how long until your loan is paid off and what your repayments could be.

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.

An overview of Georgia’s Own Credit Union personal loans

Georgia’s Own Credit Union personal loans can be the right solution if you need a little extra cash to fund life’s expenses or accomplish your financial goals. Whether for debt consolidation, a dream wedding, or surgery, you can use the funds for any worthwhile purpose. There are fixed monthly payments and flexible repayment terms.

Here’s a breakdown of the key features and benefits of a Georgia’s Own Credit Union personal loan:

  • Loan amounts: from $250 up to $50,000
  • Loan terms: 12, 24, 36, or 48 months
  • Loan fees: $25 late payment fee
  • Repayment frequency: fixed monthly payments
  • Interest rates: from 6.74% up to 16.49% APR

Requirements for a Georgia’s Own Credit Union personal loan

Only current members and employees are qualified to take out a Georgia’s Own 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 counties recognized by Georgia’s Own Credit Union
  • If you are an immediate family member of a member or employee of Georgia’s Own Credit Union
  • If you are a member of the Getting Ahead Association (GAA)
  • If you are a current student, faculty or staff employee, retiree, or alumni of Georgia State University
  • If you are an employee or retiree of one of Georgia’s Own Credit Union’s Premier Partners

Georgia’s Own Credit Union doesn’t disclose how you can qualify for its personal loan. However, most lenders expect you to meet the following criteria:

  • Proof of identity (that you are 18 years of age or older)
  • Proof of residence (a recent utility bill or a copy of your lease or other rental agreement)
  • A copy of government-issued ID (e.g. driver’s license)
  • Have a minimum score of around 600 to qualify; if a higher credit score is required, you may need a co-signer or co-borrowe
  • Have a debt-to-income ratio of 40% or lower
  • Evidence of steady source of income (recent tax returns, monthly bank statements, pay stubs)
  • If self-employed: provide tax returns or bank deposits

 

Georgia's Own 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
Georgia's Own Credit Union

Georgia's Own Credit Union personal loans (Personal Line of Credit)

Georgia's Own Credit Union personal loans (Personal Line of Credit)
Estimated Month Repayments
$650 Inclusive of fees
Interest Rate
10.50%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
$1,000
to $20,000
Go to site
Sometimes you just need a little extra spending power for something personal
Georgia's Own Credit Union

Georgia's Own Credit Union personal loans (Lifestyle loans)

Georgia's Own Credit Union personal loans (Lifestyle loans)
Estimated Month Repayments
$837 Inclusive of fees
Interest Rate
28.90%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
$250
to $25,000
Go to site
Sometimes you just need a little extra spending power for something personal
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
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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 Georgia’s Own personal loans

Pros

  • Higher borrowing limits up to $50,000
  • Option to borrow as little as $500
  • Lower starting interest rates when compared with other lenders
  • Can be used for debt consolidation
  • Can be used for personal expenses
  • Debt protection plan available
  • With or without collateral

Cons

  • The lender doesn’t make its full eligibility criteria clear
  • No information on credit score and income requirement
  • No autopay discount

Frequently asked questions

What can I use a Georgia’s Own personal loan for?

Their personal loan can be used to consolidate high-interest debts, take care of personal expenses, or to fund any worthwhile project.

What are the available loan amounts for a Georgia’s Own personal loan?

Personal loans from $250 to $50,000.

What are the repayment terms for a Georgia’s Own personal loan

You have between 12 and 48 months to repay the personal loan.

Are there fees involved during the application for a Georgia’s Own personal loan?

You will pay a $25 late fee every time you miss a loan payment.

How much interest does Georgia’s Own charge for a personal loan application?

Potential rates start at 6.74% and go up to 16.49%.

Video: Georgia’s Own Credit Union – Banking on purpose

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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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