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GUASFCU Personal Loans Calculator & Overview

Carla Soto
Carla Soto
Updated 19 Aug 2023
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Georgetown University Alumni & Student Federal Credit Union logo

Georgetown University Alumni & Student Federal Credit Union (GUASFCU) was created in 1983 and is based in Washington, D.C. It has more than 10,000 members and $20 million in assets. GUASFCU’s personal banking products and services are as follows: credit cards, CDs, and IRAs, home loans, auto loans, and personal loans.

If you want to finance a large purchase or cover unforeseen expenses, a personal loan may be a smart option. Use the GUASFCU personal loans calculator to see your potential repayment amounts.

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.

Personal loans from GUASFCU in a nutshell

Personal loans from GUASFCU have much lower rates than credit cards and have fixed monthly payments to make budgeting easier. Use the funds to consolidate credit card debt or pay for unexpected expenses. Whether you need to plan a vacation, buy a new computer, or settle school fees, you can get a customized GUASFCU loan that helps you accomplish your goals.

Read on to find out about the key features and benefits of a GUASFCU personal loan:

  • Loan amounts: $500 to $25,000
  • Interest rates: start at 7.99% APR
  • Turnaround time: 1 business day (+ $30); 3 business days (+$20); 5 business days (no additional fee)

Requirements for a GUASFCU personal loan

A GUASFCU personal loan is exclusively available to its members. Membership is only available to the following:

  • Current Georgetown University students
  • Georgetown University alumni
  • Immediate family members of alumni and students

The criteria for applicants of a personal loan from GUASFCU are undisclosed. Typically, most lenders have the following requirements:

  • 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

 

GUASFCU 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

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GUASFCU

Georgetown University Alumni and Student Federal Credit Union personal loans

Georgetown University Alumni and Student Federal Credit Union personal loans
Estimated Month Repayments
$622 Inclusive of fees
Interest Rate
7.49%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
$500
to $25,000
Go to site
Personal loans typically have much lower rates than credit cards, and have fixed monthly payments to make budgeting easier.
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.

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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 GUASFCU personal loans

Pros

  • Lower borrowing limits starting at $500 for those who want to borrow a small amount
  • Higher borrowing limits of up to $25,000
  • Competitive APRs
  • Can be used for debt consolidation
  • Can be used for personal expenses

Pros

  • Non-members cannot appl
  • List of borrower criteria is unclear

Frequently asked questions

How can I apply for a GUASFCU personal loan?

You must be any of the following: a Georgetown student, an alumni, or a direct family member of any Georgetown student or alumnus.

What are GUASFCU’s minimum and maximum loan amounts?

Between $500 and $25,000.

How much does GUASFCU charge for personal loans?

Potential interest rates start at 7.99%.

Is GUASFCU Mobile Banking available?

Yes, it is. Enjoy the convenience and security of banking on the go with GUASFCU mobile app.

What number do I need to call to ask about personal loans from GUASFCU?

You can call 202.687.8616 to find out 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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