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Holyoke Credit Union Personal Loans Calculator & Overview

Carla Soto
Updated 19 Aug 2023
Fact checked

Holyoke Credit Union logo

Holyoke Credit Union was established in 1911 and is based in Massachusetts. This non-profit financial cooperative has more than 20,000 members and $250 million in assets. Holyoke Credit Union has a full suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards.

Being financially disciplined and creating a well-thought-out budget will make managing your personal loan as simple as 1-2-3. To determine if a personal loan from Holyoke Credit Union is the best option for you, use the Holyoke Credit Union personal loans calculator. Use this handy tool to view your potential repayments and fees you have to cover for the life of the loan.

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 Holyoke Credit Union in a nutshell

Holyoke Credit Union offers low-interest lifestyle loans that can be used for a variety of worthwhile purposes. You can use it for debt consolidation, scheduled or unanticipated costs, medical expenses, auto repairs, or home improvements. The application process is easy, and the money is sent directly into your Holyoke Credit Union checking account.

Read on to find out about the key features and benefits of a personal loan from Holyoke Credit Union:

  • Loan amounts: varies based on credit score
  • Loan terms: 36, 48, or 60 months
  • Repayment frequency: monthly ($50 minimum)
  • Interest rates: start at 9.24% APR

Requirements for a Holyoke Credit Union personal loan

You can only apply for a personal loan at Holyoke Credit Union if you are a member. Membership in the Holyoke Credit Union is open to anybody who lives or works in Hampden or Hampshire counties in Massachusetts. To join, all you have to do is pay a one-time fee of $25.

The criteria for applicants of a Holyoke Credit Union personal loan are undisclosed. Typically, here are the general expectations from most lenders:

  • You are at least 18 years old (provide a copy of your government-issued IDs such as certificate of citizenship, driver’s license, passport, or military ID)
  • You are a US resident (provide a copy of a recent utility bill, lease or rental agreement, or mortgage statement)
  • You have a good credit history – minimum of 600 is acceptable although 700 or higher is ideal.
  • You have a debt-to-income ratio of less than 40%.
  • You have a valid and active bank account.
  • You have proof of steady employment – provide a copy of paystubs, W-2s and 1099s, or an employer statement.
  • If you have a business or a self-employed individual, provide income verification such as tax returns, bank statements, or annuity statements.

 

Holyoke Credit Union personal loan calculator

Loan Amount

$20,000

Term

3 months

Holyoke Credit Union

Holyoke Credit Union personal loans (Auto Loan Model 2019-2021)

Estimated Month Repayments
Interest Rate
3.99%
APR
Repayment Period
24 months
to 84 months
Loan Amounts
$1,000
to $80,000
At Holyoke Credit Union, we are dedicated to providing our members with the most innovative and affordable personal banking and lending products and services - supported by outstanding member service.
Holyoke Credit Union

Holyoke Credit Union personal loans (Motorcycle Loans Model 2017-2021)

Estimated Month Repayments
Interest Rate
4.59%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
$2,500
to $20,000
At Holyoke Credit Union, we are dedicated to providing our members with the most innovative and affordable personal banking and lending products and services - supported by outstanding member service.
Holyoke Credit Union

Holyoke Credit Union personal loans (Auto Loan Model 2014-2018)

Estimated Month Repayments
Interest Rate
4.64%
APR
Repayment Period
24 months
to 84 months
Loan Amounts
$1,000
to $80,000
At Holyoke Credit Union, we are dedicated to providing our members with the most innovative and affordable personal banking and lending products and services - supported by outstanding member service.
Holyoke Credit Union

Holyoke Credit Union personal loans (Motorcycle Loans Model 2016-2014)

Estimated Month Repayments
Interest Rate
4.99%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
$2,500
to $20,000
At Holyoke Credit Union, we are dedicated to providing our members with the most innovative and affordable personal banking and lending products and services - supported by outstanding member service.
Holyoke Credit Union

Holyoke Credit Union personal loans (Lifestyle Loans)

Estimated Month Repayments
Interest Rate
5.49%
APR
Repayment Period
12 months
to 36 months
Loan Amounts
$1,000
to $20,000
At Holyoke Credit Union, we are dedicated to providing our members with the most innovative and affordable personal banking and lending products and services - supported by outstanding member service.
Holyoke Credit Union

Holyoke Credit Union personal loans (Auto Loan Model 2012-2013)

Estimated Month Repayments
Interest Rate
5.59%
APR
Repayment Period
24 months
to 84 months
Loan Amounts
$1,000
to $80,000
At Holyoke Credit Union, we are dedicated to providing our members with the most innovative and affordable personal banking and lending products and services - supported by outstanding member service.

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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 Holyoke Credit Union personal loans

Pros

  • You can apply 24/7 through the website or via phone

Cons

  • No information on minimum and maximum borrowing limits
  • Only members can apply
  • No clear list of borrower criteria and requirements

Frequently asked questions

How much can I borrow from Holyoke Credit Union?

Information on loan amounts are undisclosed.

What is the possible rate for a Holyoke Credit Union personal loan?

Potential interest rates start at 9.24%.

How frequently should I make loan repayments at Holyoke Credit Union?

Loan payments at Holyoke Credit Union are on a monthly basis. The minimum repayment amount should be $50.

Can I apply for a Holyoke Credit Union personal loan if I have a low credit score?

Approval for a Holyoke Credit Union 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.

How can I apply for a loan from Holyoke Credit Union?

You can submit your loan application online or apply by phone at (888) 305-8530.


Video: Learn more about Holyoke 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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