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Partners Federal Credit Union Personal Loans Calculator & Overview

Carla Soto
Carla Soto
Updated 10 Aug 2023
Fact checked

PartnersFCU logo

Partners Federal Credit Union was established in 1968 and its corporate headquarters is located in Burbank, California. Partners FCU holds $1.9 billion in assets, and has almost 200,000 members. They provide personalized services including higher interest rates on savings and lower rates on personal loans, new and used auto loans, and HELOCs.

Managing a personal loan can be a simple and stress-free procedure if you’ve done your research, checked your credit score, and budgeted for repayments. Concerned if a Partners Federal Credit Union personal loan is the best option for you? Let the Partners Federal Credit Union personal loans calculator reveal how much you have to pay, monthly and overall.

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.

Partners Federal Credit Union personal loans at a glance

It is important to know about the features and benefits of a personal loan from Partners Federal Credit Union. Read on to find out if any of the items below correspond to what you’re looking for in a personal loan:

  • Loan amount: undisclosed
  • Loan term: undisclosed
  • Interest rates: starting at 6.49% APR for a 36-month term; starting at 7.74% for a 60-month term
  • Loan fees: $0 annual fee; $0 prepayment penalty
  • Discount: 0.25% for automatic payment
  • Funding time: within 24 hours for qualified borrowers

Requirements for a Partners Federal Credit Union personal loan

A Partners Federal Credit Union personal loan is only available to current members and employees. If you are not yet a member, there are different ways to join. Membership is available to anyone who:

  • Lives, works, worships, or attends school in Partners Federal Credit Union recognized counties
  • Is a family member of a Partners Federal Credit Union member
  • Is a current or former employee of Partners Federal Credit Union recognized establishments, businesses, or institutions

Partners Federal Credit Union does not have a specific list of borrower criteria. However, most lenders expect loan applicants to submit documents related to the following requirements:

  • Proof of identity: This is to determine if you’re a United States citizen or permanent resident and if you’re at least 18 years of age. You’ll typically need to present two forms of identification, such as birth certificate, driver’s license, passport, or social security card.
  • Proof of your living situation: This is to determine if you are a permanent US citizen or resident. You can usually use one of the following: utility bill, proof of insurance on your home, lease/rental or vehicle, lease or rental agreement.
  • Proof of capacity to pay: Lenders need to be confident that you will repay the loan. If you are traditionally employed, submit a copy of your pay stubs, W-2s and 1099s, employer statement. If you are a business owner or a self-employed applicant, submit a copy of your tax returns, bank statements, or annuity statements.
  • Good credit score and DTI ratio: Lenders require applicants to meet a certain credit score threshold (beyond 700) and DTI ratio for approval (lower than 40%). However, these requirements aren’t set in stone.

 

Partners Federal 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

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Partners Federal Credit Union

Partners Federal Credit Union personal loans

Partners Federal Credit Union personal loans
Estimated Month Repayments
$608 Inclusive of fees
Interest Rate
5.99%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
$1,000
to $20,000
Go to site
Partners Personal loans make budgeting easier with a fixed rate lower than most credit cards and the same predictable monthly payment throughout the life of the loan - no surprises!
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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.
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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 Partners FCU personal loans

Pros

  • No annual fee
  • No prepayment fee
  • No collateral
  • Same day funding for qualified borrowers
  • 0.25% APR discount for automatic payments

Cons

  • Must be a member to qualify for a loan
  • Loan amounts undisclosed
  • Repayment term lengths are not clear

Frequently asked questions

How much can I borrow from Partners FCU?

There is no clear information about loan amounts from Partners FCU.

What are the repayment terms for a personal loan from Partners FCU?

Partners FCU did not specify the repayment terms for their personal loans.

How much does Partners FCU charge for its personal loans?

The APRs for a 36-month loan term start at 6.49% while the APRs for a 60-month loan term start at 7.74%.

How soon can I receive the funds?

If approved for a personal loan from Partners FCU, the funds can be disbursed to your account within the same day.

Does a Partners FCU personal loan offer rate discounts?

Yes. Partners FCU offers a 0.25% APR discount if you set up automatic payments.

Does Partners FCU provide a debt protection plan?

Yes. Partners FCU has a debt protection plan to help lessen your worries about paying loans when your income is reduced or lost.

Video: The Partners difference

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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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