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Southland Credit Union Personal Loans Calculator & Overview

Carla Soto
Carla Soto
Updated 11 Aug 2023
Fact checked

Southland Credit Union logo

Southland Credit Union was formed in 1936 and is based in Los Alamitos, California. They have over 60,000 members, and hold $1 billion in assets. They provide personalized services including higher interest rates on savings and lower rates on personal loans, new and used auto loans, and HELOCs.

Are you thinking about getting a personal loan from Southland Credit Union? A personal loan should be acquired only after a careful review of your needs and other financial commitments. Using the Southland Credit Union personal loans calculator, you can view an estimate of your monthly and annual payments.

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 Southland Credit Union in a nutshell

Like other lenders, Southland Credit Union offers its own list of features and benefits. Look at the list below so you can determine if they fit your personal expectations and payment preferences:

Here is a roundup of the vital features and benefits of a personal loan from Southland Credit Union:

  • Loan amounts: minimum $1,000; maximum $100,000
  • Loan terms: between 12 and 60 months
  • Interest rates: starting at 10.99% APR

 

Requirements for a Southland Credit Union personal loan

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

 
There is no available information on borrower criteria for a personal loan from Southland Credit Union. Typically, most lenders have a general expectation among potential loan applicants. These are the following:

  • 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, annuity statements.

 

Southland 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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Southland Credit Union

Southland Credit Union personal loans

Southland Credit Union personal loans
Estimated Month Repayments
$627 Inclusive of fees
Interest Rate
7.99%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
$1,000
to $100,000
Go to site
Southland Credit Union offers personal loans with competitive fixed-rate and term options to keep your monthly payments at a minimum, so you can borrow with confidence.
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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
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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 Southland Credit Union personal loans

Pros

  • Wide range of borrowing limits
  • No collateral required
  • Skip-a-Pay option

 

Cons

  • $49 fee for every payment skipped
  • You have to be a member to apply
  • Borrower criteria and requirements unclear

Frequently asked questions

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

Qualified borrowers of a Southland Credit Union personal loan can receive funds as low as $1,000 up to $100,000.

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

The loan from Southland Credit Union can be repaid for a period between 12 and 60 months (1 year to 5 years).

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

Potential rates for a Southland Credit Union personal loan can start at 10.99%.

Will my low credit score affect my loan application from Southland Credit Union?

Getting a personal loan is often difficult if you have low credit scores. But don’t let this stand in your way; build up and improve those numbers first before applying for a personal loan from Southland Credit Union.

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

Yes. Southland Credit Union allows borrowers to defer a loan payment every six months.

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

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

Video: Make the switch to Southland

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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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