Important disclosure

TruMark Personal Loans Calculator & Overview

Carla Soto
Updated 11 Aug 2023
Fact checked

TruMark Financial Credit Union logo

Trumark Financial Credit Union was founded in 1939 and is located in Montgomery County, Pennsylvania. Trumark holds $2.7 billion in assets and has 24 branch locations within Southeastern Pennsylvania. They provide a full range of financial services like free checking accounts, VISA credit cards, competitive loan rates, mobile banking, and high-yielding CDs.

Is getting a loan, like a Trumark Financial Credit Union personal loan, worth it? Only you, the borrower, would know. But getting all the right information will help you find out if it is the best option to get out of bad financial situations. If you want to get an estimate of your potential monthly payments, let the TruMark 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.

Personal loans from TruMark in a nutshell

Like other lenders, Trumark Financial 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:

  • Loan amounts: minimum $1,000; maximum $25,000
  • Loan terms: between 12 and 60 months
  • Repayment frequency: monthly, bi-weekly, weekly
  • Loan fees: $20 application fee; $0 prepayment penalty; $0 late fee; $0 annual fee
  • Interest rates: starts at 9.49 % APR

 

Requirements for a TruMark personal loan

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

There is no available information on borrower criteria for a TruMark personal loan. 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.

 

TruMark personal loan calculator

Loan Amount

$20,000

Term

3 months

TruMark Financial Credit Union

TruMark Financial Credit Union personal loans (Share-Secured Loan )

Estimated Month Repayments
Interest Rate
1.80%
APR
Repayment Period
6 months
to 120 months
Loan Amounts
$1,000
to $20,000
When you need a little extra money, a Signature personal loan from TruMark Financial may be the perfect choice with great low rates, automatic payment features, and convenient term options
TruMark Financial Credit Union

TruMark Financial Credit Union personal loans (Term-Share Secured Loan )

Estimated Month Repayments
Interest Rate
3.75%
APR
Repayment Period
6 months
to 60 months
Loan Amounts
$1,000
to $20,000
When you need a little extra money, a Signature personal loan from TruMark Financial may be the perfect choice with great low rates, automatic payment features, and convenient term options
When you need a little extra money, a Signature personal loan from TruMark Financial may be the perfect choice with great low rates, automatic payment features, and convenient term options
TruMark Financial Credit Union

TruMark Financial Credit Union personal loans (Stock Loans to 75% of Value)

Estimated Month Repayments
Interest Rate
8.49%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
$1,000
to $20,000
When you need a little extra money, a Signature personal loan from TruMark Financial may be the perfect choice with great low rates, automatic payment features, and convenient term options

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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.

 

Frequently asked questions

How much can I borrow from TruMark?

You can borrow as little as $1,000 and as much as $25,000 from TruMark.

How much does TruMark charge for its personal loans?

The personal loan rates from TruMark can start as low as 9.49% APR.

What are the repayment terms for a TruMark personal loan?

TruMark offers personal loan terms between 1 and 5 years (12-60 months).

How often should I pay my loan from Trumark?

Repayment frequency for a Trumark loan varies: it can be monthly, bi-weekly, and weekly.

Does TruMark provide a debt protection plan?

Yes. TruMark offers a loan protection insurance that can cover debt payments on personal loans if the insured loses their ability to pay due to a covered event.


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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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