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Stanford Federal Credit Union Personal Loans Calculator & Overview

Carla Soto
Carla Soto
Updated 4 Sep 2023
Fact checked

Stanford Federal Credit Union logo

Stanford Federal Credit Union was established in 1950 and is based in Palo Alto, California. Stanford FCU has more than $3.6 billion in assets and a membership of over 80,000. They offer a full line of banking services, including loan and deposit services, payment solutions, investment management, and financial planning.

Personal loans can be beneficial if used correctly. Always double-check the amount of your monthly installments to avoid any financial troubles along the way. Interested in a Stanford Federal Credit Union personal loan? Use the Stanford Federal Credit Union personal loans calculator to help you figure out your monthly repayments.

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.

A quick guide to personal loans from Stanford Federal Credit Union

A personal loan, like one from Stanford Federal Credit Union, typically has lower rates than credit cards. Look at the features and benefits so you can figure out if they fit your personal expectations and payment preferences:

Listed below are the main features and benefits of a personal loan from Stanford Federal Credit Union:

  • Loan amounts: maximum $60,000
  • Loan terms: up to 60 months
  • Loan fees: $0 application fee; $0 prepayment fee
  • Interest rates: starting at 9.74% APR

 

Requirements for a Stanford Federal Credit Union personal loan

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

Stanford Federal Credit Union does not have a list of eligibility requirements for potential loan applicants. However, here’s the general expectation among most lenders:

  • You are 18 years of age or older. Provide at least two forms of government-issued identification such as passport or certificate of citizenship.
  • You are a US citizen or resident. Provide a copy of a voter registration card or auto insurance that lists your address.
  • You have consistent and steady monthly income. Common forms of income verification include pay stubs, 1099 forms, or income tax returns.
  • You have a good credit standing. Aim to maintain a minimum credit score of 600. Ideally, a credit score of 700 can result in lower APRs, higher loan amounts, or a more reasonable repayment term.
  • You have a good debt-to-income ratio. Most lenders expect applicants to have a DTI ratio of 40% or lower.

 

Stanford 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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Stanford Federal Credit Union

Stanford Federal Credit Union personal loans

Stanford Federal Credit Union personal loans
Estimated Month Repayments
$613 Inclusive of fees
Interest Rate
6.49%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
$1,000
to $20,000
Go to site
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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
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Checking and savings accounts and credit cards for your everyday business expenses and cash management.
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Eastman Credit Union personal loans (Shared Secured Personal Loan)

Estimated Month Repayments
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Interest Rate
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APR
Repayment Period
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to 12 months
Loan Amounts
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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 SFCU personal loans

Pros

  • Get cash within 1 or 2 business days
  • Bonus discounts applicable
  • No application or early payoff fees

 

Cons

  • For members only
  • No information on minimum loan amount and loan term
  • Cannot apply without a Social Security Number

Frequently asked questions

How much does SFCU offer for its personal loans?

Qualified borrowers of an SFCU personal loan can receive funds as high as $60,000.

What are my options for repaying the full loan amount from SFCU?

The loan from SFCU can be repaid for a period of up to 60 months (5 years).

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

Potential rates for an SFCU personal loan can start at 9.74% APR.

Can I have a rate discount for my SFCU personal loan?

Yes. Your SFCU personal loan will qualify for a 1.00% bonus discount if you maintain your Ambassador Membership Rewards level.

Can I apply for an SFCU personal loan if I don’t have a Social Security Number?

No. You cannot apply for an SFCU personal without a social security number.

What is the expected turnaround time for an SFCU personal loan?

Qualified borrowers of an SFCU personal loan can receive an update on the status of their application and/or disbursal of funds within 1-2 business days.

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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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