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Golden 1 Credit Union Personal Loans Calculator & Overview

Carla Soto
Updated 19 Aug 2023
Fact checked

Golden 1 Credit Union logo

Golden 1 Credit Union (or Golden 1) was founded in 1933 and is headquartered in Sacramento, California. As of 2018, it has more than 1 million members and over $12 billion in assets. They offer an array of products for consumers, including checking accounts, savings accounts, share certificates, loans, credit cards, and business banking services.

A personal loan is money you borrow and pay back with interest over time. To see if you can afford a personal loan from Golden 1 Credit Union, use our Gold 1 Credit Union personal loan calculator to find out how much you would need to pay each month.

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 Golden 1 Credit Union personal loans

Personal loans from Golden 1 Credit Union aren’t one-size-fits-all; instead, they provide flexibility in terms of loan amounts for the right borrower. The funds can be used for debt consolidation, large purchases, or emergency expenses. Eligibile applicants can receive potentially low rates and longer repayment terms.

What you need to know about the basic features and benefits of a Golden 1 Credit Union personal loan:

  • Loan amounts: minimum of $1,000
  • Loan terms: 60 months maximum
  • Loan fees: late payment fee of 5% of the monthly repayment amount or $15, whichever is greater
  • Interest rates: start at 6.99% APR

Requirements for a Golden 1 Credit Union personal loan

Only current members and employees are qualified to take out a Golden 1 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 California
  • If you are an immediate family member of a Golden 1 Credit Union member or employee
  • If you are a member of any of Golden 1 Credit Union’s Select Employee Groups

The criteria for applicants of a Golden 1 Credit Union personal loan are unclear. However, most lenders have a general expectations such as the following:

  • 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-borrower
  • Have a debt-to-income ratio of 40% or lowe
  • Evidence of steady source of income (recent tax returns, monthly bank statements, pay stubs)
  • If self-employed: provide tax returns or bank statements

 

Golden 1 Credit Union personal loan calculator

Loan Amount

$20,000

Term

3 months

Golden 1 Credit Union

Golden 1 Credit Union personal loans

Estimated Month Repayments
Interest Rate
5.99%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
$1,000
to $20,000
The Golden 1 Personal Loan is a quick and easy option when you need extra funds. Whether you will be using the funds for an unexpected expense or to consolidate debt, a Golden 1 Personal Loan1 can help.
Golden 1 Credit Union

Golden 1 Credit Union personal loans (Personal Line of Credit)

Estimated Month Repayments
Interest Rate
7.79%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
$500
to $30,000
The Golden 1 Personal Loan is a quick and easy option when you need extra funds. Whether you will be using the funds for an unexpected expense or to consolidate debt, a Golden 1 Personal Loan1 can help.

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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 Golden 1 Credit Union personal loans

Pros

  • Option to borrow a small amount starting at $1,000
  • Competitive starting APRs
  • Rate discounts for automatic payments
  • May be able to skip one payment on personal loans once every 12 months
  • Co-applicants accepted

Cons

  • Must be a member of Golden 1 Credit Union to get a personal loan
  • No specific info about maximum APRs
  • Credit score and income requirements are undisclosed

Frequently asked questions

How much can I borrow from a personal loan at Golden 1 Credit Union?

You can borrow a minimum of $1,000.

What is the maximum repayment term for a Golden 1 Credit Union personal loan?

60 months.

What is the interest rate for a Golden 1 Credit Union personal loan?

Potential interest rates start at 6.99%.

What are the fees involved when applying for a loan at Golden 1 Credit Union?

A Golden 1 Credit Union personal loan has no application fee and no prepayment penalty. However, there is a 5% charge or $15 fee, whichever is greater, if you miss a payment deadline.

Does Golden 1 Credit Union offer rate discounts?

Yes, there is a 1% discount for borrowers who set up automatic payments for their personal loans.


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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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