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TDECU Personal Loans Calculator & Overview

Updated 11 Aug 2023

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Texas Dow Employees Credit Union (TDECU) was chartered in 1954 and is located in Lake Jackson, Texas. TDECU has approximately 372,000 members and holds $4.7 billion in assets. Their personal banking products and services are as follows: credit cards, CDs, and IRAs, home loans, auto loans, and personal loans.

Personal loans can be a handy option for covering your personal expenses, but make sure you can handle the monthly payments before you take one out. A personal loan from Texas Dow Employees Credit Union can be a good option but how much do you have to pay, monthly or overall? Let the TDECU personal loans calculator do the work for you.

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.

TDECU personal loans at a glance

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

Here’s a breakdown of the key features and benefits of a TDECU personal loan:

Loan amounts: minimum $1,000; maximum $10,000
Loan terms: between 12 and 72 months
Loan fees: $0 origination fee; $0 prepayment penalty
Interest rates: from 7.74% to 17.99% APR

Requirements for a TDECU personal loans

TDECU 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 TDECU recognized counties
You are a family member of a TDECU member or live in the same household
You are a current employee or member of the TDECU recognized organizations or companies

Texas Dow Employees 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.
Your living situation: For example do you have dependants or are single. Do you rent or own yourown home. A list of your monthly expenses.
Proof of income: This is to demonstrate your capacity to repay the loan. If you are employed fulltime or part-time, you may need submit a copy of your pay stubs, W-2s and 1099s. Some lenders may call your employer to confirm you work there. If you are a business owner or a self-employed applicant, you may need to submit a copy of your tax returns or bank statements. Retirees may need to provide copies their annuity statements.
Good credit score and debt-to-income (DTI) ratio: Lenders require applicants to meet a certain credit score threshold (typically 700+) and a DTI ratio for lower than 40%. However, these requirements aren’t set in stone. Sometimes you may have a lower credit score and a higher DTI.

TDECU personal loan calculator

Loan amount

Term

Provider

Product Information

EST Monthly
Repayment

Interest
Rate

Repayment
Period

Loan
Amounts

Sort loans by

Loan Amount

$10,000

Term

3 months

Change

Texas Dow Employees Credit Union personal loans

Estimated Month Repayments

$303 Inclusive of fees

Interest Rate

5.74%
APR

Repayment Period

12 months
to 72 months

Loan Amounts

$1,000
to $10,000

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Whether you just need to catch up, help with debt consolidation, or you're looking to get ahead on your goals, our personal loan suite offers you the cash you need to get it done

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Wells Fargo personal loans

Estimated Month Repayments

$303 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 personal loans (Shared Secured Personal Loan)

Estimated Month Repayments

$424 Inclusive of fees

Interest Rate

29.90%
APR

Repayment Period

12 months
to 12 months

Loan Amounts

$1,000
to $20,000

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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 TDECU personal loans

Pros

Lower interest rates compared to those from other lenders
Flexible payment options including setting pay dates, automatic payments, and your choice of payment account
Easy online application process

Cons

Low maximum loanable amount
Non-members cannot apply
Borrower criteria and requirements unclear

Frequently asked questions

How much can I borrow from TDECU?

Qualified applicants for the signature personal can borrow between $1,000 and $10,000. TDECU also offer “Home Advantage Personal Loan” and “Cash $tash® Line of Credit”, where you can borrow up to $50,000.

Do TDECU personal loans require collateral?

No, their signature personal loan doesn’t require collateral. However, you want to reduce your interest rates, they do have secured personal loan options available.

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

The loan from TDECU can be repaid for a period between 12 and 72 months (from 1 year to 6 years).

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

Potential rates for a TDECU personal loan can start from 7.74% up to 17.99%.

Will I qualify for a rate discount if I opt for automatic payments of my TDECU loan?

Yes. There is a 0.25% APR discount if you set up an auto-pay option for your personal loan at TDECU.

How quickly can the money be disbursed to my account?

If approved for a TDECU personal loan, disbursal of funds is within 1 business day.

Do you allow principal-only payments?

Yes. TDECU allows principal-only payments as long as your loan is on track. This will help you pay off your debts faster and save money on interests.

What number do I need to call to ask about personal loans from TDECU?

You can call 800.839.1154 to find out more about TDECU personal loans.