All Loans > Personal Loans > Oucu Personal Loans Calculator
Important disclosure

OUCU Personal Loans Calculator & Overview

Carla Soto
Carla Soto
Updated 10 Aug 2023
Fact checked

Oakland University Credit Union logo

Oakland University Credit Union or OUCU was formed in 1967 and its headquarters is found in Athens, Ohio. OUCU has more than 331,000 members, and assets of over $6.9 billion. Their offerings and services include savings, checking, CDs, loan products, mortgage, and refinancing.

Personal loans can help you deal with almost anything in life – whether that be starting a business, financing a wedding, or consolidating debt. If you’re planning to apply for a personal loan from Oakland University Credit Union, run your projected repayments through the OUCU personal loans calculator to check if you can afford to pay 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.

An overview of Oakland University Credit Union personal loans

Before taking out a loan from Oakland University Credit Union, find out about its features and benefits. This will help you compare it with those from other lenders. The list below will show if they correspond to what you’re looking for in a personal loan:

  • Loan amount: undisclosed
  • Loan term: flexible
  • Interest rates: as low as 8.99% APR
  • Application fee: $0
  • Prepayment penalty: $0

Requirements for an Oakland University Credit Union personal loan

Oakland University Credit Union personal loans are available for members. If you want to join, there are many ways to qualify for membership:

  • You live, work, worship, or attend school in OUCU recognized counties
  • You are a family member of a OUCU member
  • You are a current or former employee of OUCU recognized establishments, businesses, or institutions

Oakland University Credit Union did not provide a list of all the borrower criteria. However, most lenders expect potential applicants to meet the following qualifications:

  • Proof of identity: Submit a copy of government-issued IDs such as driver’s license, passport, or birth certificate to prove that you are at least 18 years old and with a permanent US address.
  • Capacity to pay: For employed individuals, submit pay stubs or employer contact information; for self-employed individuals, submit bank statements or tax returns.
  • High credit score: The minimum is at least 600; ideally, a score of 700 is better.
  • Low DTI ratio: It should be lower than 40% although some lenders will approve those with a debt-to-income ratio of up to 50%.

 

OUCU 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
OUCU

Oakland University Credit Union personal loans (Signature Loan)

Oakland University Credit Union personal loans (Signature Loan)
Estimated Month Repayments
$608 Inclusive of fees
Interest Rate
5.90%
APR
Repayment Period
12 months
to 180 months
Loan Amounts
$1,000
to $20,000
Go to site
From weddings to new computers and unexpected expenses, OU Credit Union has personal loans to helps you pay for just about anything! Skip the fees, fixed rates, design your loan terms around your needs, and save money in the process.
OUCU

Oakland University Credit Union personal loans (Instant Cash Line-of-Credit)

Oakland University Credit Union personal loans (Instant Cash Line-of-Credit)
Estimated Month Repayments
$654 Inclusive of fees
Interest Rate
10.90%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
$1,000
to $20,000
Go to site
From weddings to new computers and unexpected expenses, OU Credit Union has personal loans to helps you pay for just about anything! Skip the fees, fixed rates, design your loan terms around your needs, and save money in the process.
OUCU

Oakland University Credit Union personal loans (Debt Consolidation Loan)

Oakland University Credit Union personal loans (Debt Consolidation Loan)
Estimated Month Repayments
$683 Inclusive of fees
Interest Rate
13.99%
APR
Repayment Period
12 months
to 180 months
Loan Amounts
$1,000
to $20,000
Go to site
From weddings to new computers and unexpected expenses, OU Credit Union has personal loans to helps you pay for just about anything! Skip the fees, fixed rates, design your loan terms around your needs, and save money in the process.
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.

SeeLoans.com provides factual information about financial products. While SeeLoans.com attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on SeeLoans.com is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product, you will be dealing directly with that provider and not with SeeLoans.com. SeeLoans.com recommends reading the relevant product disclosure statement or product guide before taking up any financial product offer. Please view SeeLoans.com's Terms of Use for more information.

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 an an OU Credit Union personal loans

Pros

  • APRs lower than those from other lenders
  • No application fees
  • No prepayment penalties
  • Skip-a-Payment option available
  • Available for applicants living out of state

Cons

  • No loan amount information
  • No loan term information

Frequently asked questions

How much does OUCU offer for its personal loans?

Borrowing limits for an OUCU personal loan are undisclosed. You have to speak with one of the bank representatives to find out the minimum and maximum loan amount you can be qualified for.

What are the potential rates for a personal loan from OUCU?

Potential rates for an OUCU personal loan start at 8.99% APR.

How soon can I find out about my loan application status?

Applications for an OUCU personal loan can be reviewed within 1-2 business days.

Where can I submit my application for an OUCU personal loan?

There are many ways to do this: through phone, live chat, or by visiting one of OUCU branch locations.

How long do I have to accept an OUCU loan offer?

You have 30 days to accept the loan offer from OUCU. If you fail to do so, you must submit a new application.

Video: OUCU – Bank here live more

Popular personal loan searches

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.

.

Seeloans.com provides factual information in relation to financial products. While Seeloans.com attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on Seeloans.com is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with Seeloans.com. Seeloans.com recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see Seeloans.com’s Terms of Use and Services Guide.

© 2024 Seeloans.com