Important disclosure

Seattle Credit Union Personal Loans Calculator & Overview

Carla Soto
Updated 10 Aug 2023
Fact checked

Seattle Credit Union logo

Seattle Credit Union was founded in 1933 and is found in Seattle, Washington. They hold $883 million in assets and have more than 46,733 members. For personal banking, they offer financing services including deposit and checking accounts, loans and credit cards, mortgages, insurance, and payment solutions.

Financial commitments can be hard to meet, given the increase in cost of living and stagnation of income. A loan, like one from Seattle Credit Union, can be a quick solution to meet any monetary requirement. Do you want to find out what your EMIs (equivalent monthly installments) would look like? Get things started with the Seattle Credit Union personal loans calculator.


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.

General facts about Seattle Credit Union personal loans

As with any other lender, Seattle Credit Union has its own set of loan features and benefits. See if any of these listed below matches your personal expectations and payment preferences:

What you need to know about the basic features and benefits of a Seattle Credit Union personal loan:

  • Loan amounts: maximum $50,000
  • Loan terms: up to 60 months
  • Repayment frequency: monthly, weekly, bi-weekly
  • Loan fees: $0 origination fee; $0 prepayment penalty
  • Interest rates: starting at 9.99% APR

 

Requirements for a Seattle Credit Union personal loan

Seattle 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 Seattle Credit Union recognized counties
  • You are a family member of a Seattle Credit Union member
  • You are a current or former employee of Seattle Credit Union recognized establishments, businesses, or institutions

 
Borrower criteria for a Seattle Credit Union personal loan are undisclosed. However, most lenders require potential loan applicants to prepare and submit the following documents.

  • Proof of identity (driver’s license, birth certificate, social security card, passport)
  • Proof of residence (utility bill, lease or rental agreement, mortgage statement, property tax receipt)
  • Proof of employment for traditionally employed individuals (paystubs, W-2s and 1099s, employer statement)
  • Income verification for self-employed individuals or business owners (tax returns, bank statements, annuity statements)

 

Seattle Credit Union personal loan calculator

Loan Amount

$20,000

Term

3 months

Seattle Credit Union

Seattle Credit Union personal loans

Estimated Month Repayments
Interest Rate
8.99%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
$1,000
to $50,000
When considering a loan, it's about more than the loan amount, rate and terms. That's why we want to know what you're working towards so we can help you find the right tool for the job.

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 Seattle Credit Union personal loans

Pros

  • Flexible terms
  • No origination fee
  • No prepayment penalty
  • Collateral not required
  • Skip-a-Pay option

 

Cons

  • $40 processing fee
  • No information on minimum loan amount and loan term
  • Borrower criteria and requirements unclear

Frequently asked questions

How much does Seattle Credit Union offer for its personal loans?

Qualified borrowers can receive funds as high as $50,000.

What are my options for repaying the full loan amount from Seattle Credit Union?

The loan from Seattle Credit Union can be repaid for a period of up to 60 months or 5 years.

What are the potential rates for a personal loan from Seattle Credit Union?

Potential rates for a Seattle Credit Union personal loan can start at 9.99%.

Does Seattle Credit Union offer a Skip-a-Pay option?

Yes. Seattle Credit Union allows borrowers to defer two monthly payments in a 12-month period.

Does Seattle Credit Union allow a soft credit check?

Yes. Pre-qualify for a personal loan at Seattle Credit Union without affecting your credit score.

Do I need to submit collateral for a Seattle Credit Union personal loan?

No. Personal loans from Seattle Credit Union are unsecured and do not require collateral.


Video: Seattle Credit Union – Your partner in growth and prosperity

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.

.