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Santa Clara County Federal Credit Union Personal Loans Calculator & Overview

Carla Soto
Updated 4 Sep 2023
Fact checked

Santa Clara County Federal Credit Union logo

Santa Clara County Federal Credit Union was established in 1950 and is headquartered in San Jose, California. Santa Clara County FCU holds almost $1 billion in assets, and a membership of 47,934. Their offerings and services include savings, checking, CDs, loan products, mortgage, and refinancing.

A loan is a serious financial step that should not be taken lightly. But you’re safe as long as you’re responsible enough about how you will use the loan proceeds and you have a clear plan to pay it back. You might be thinking, ‘Is a personal loan from Santa Clara County FCU right for me?’ You can use the Santa Clara County Federal Credit Union personal loans calculator to determine how much you can afford to borrow (and repay).

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 Santa Clara County Federal Credit Union personal loans

Before taking out a loan from Santa Clara County Federal 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.

Read on to find out about the key features and benefits of a personal loan from Santa Clara County Federal Credit Union:

  • Loan amounts: minimum $500; maximum $30,000
  • Loan terms: between 12 and 48 months
  • Interest rates: from 9.115% to 17.990% APR
  • Rate discount: 2% for automatic payment

 

Requirements for a Santa Clara County Federal Credit Union personal loan

You must be a member of Santa Clara County Federal Credit Union to be eligible for a personal loan. Here are the criteria you must meet to become a member of Santa Clara County Federal Credit Union:

  • You live, work, worship, or attend school in Santa Clara County Federal Credit Union recognized counties
  • You are a family member of a Santa Clara County Federal Credit Union member
  • You are a current or former employee of Santa Clara County Federal Credit Union recognized establishments, businesses, or institutions

 
Santa Clara County Federal 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%.

 

Santa Clara County Federal Credit Union personal loan calculator

Loan Amount

$20,000

Term

3 months

Santa Clara County Federal Credit Union

Santa Clara County Federal Credit Union personal loans

Estimated Month Repayments
Interest Rate
8.37%
APR
Repayment Period
12 months
to 48months
Loan Amounts
$500
to $30,000
A personal loan or personal line of credit can be used for special life events, an unexpected expense or for whatever reason you need extra funds. Consolidate high interest rate debt, lower your interest rate, and spend less over time. See how a personal loan or line of credit can help you!

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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 SCCFCU personal loans

Pros

  • Wide range of borrowing limits
  • APR discount for automatic payment
  • Can apply online

 

Cons

  • Higher APRs compared with other banks
  • No information about loan fees
  • Borrower criteria and requirements are unclear

Frequently asked questions

What are the minimum and maximum loan amounts for a personal loan from SCCFCU?

SCCFCU offers personal loans from $500 to $30,000 to qualified borrowers.

What are the repayment terms for a personal loan from SCCFCU?

You have between 12 and 48 months to repay your personal loan from SCCFCU.

What interest rates does a personal loan from SCCFCU have?

Interest rates for a personal loan from SCCFCU can range between 9.115% and 17.990%.

Does SCCFCU offer a discount for auto-payments made on loans?

Yes. SCCFCU provides a 2% rate discount for automatic payments on personal loans.


Video: About SCCFCU (this is taken from the youtube channel of Wikipedia Reader)

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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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