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Veridian Personal Loans Calculator & Overview

Carla Soto
Carla Soto
Updated 11 Aug 2023
Fact checked

Veridian Credit Union logo

Veridian Credit Union was founded in 1934 and is headquartered in Waterloo, Iowa. It has $5 billion in assets and over 250,000 members from 30 branches. They have a broad range of financial products such as loans and credit cards, mortgages and refinancing services, insurance, Certificate of Deposit (CDs), and individual retirement accounts (IRAs).

If you want to take out a loan, shop around and read the fine print before signing the dotted line. Does a Veridian Credit Union personal loan appeal to you? Figure out how much you can afford to return monthly and how long it would take for you to repay the entire amount. Let the Veridian Credit Union personal loans calculator reveal your EMIs (equated monthly installments).

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 Veridian Credit Union personal loans

A personal loan, like one from Veridian 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:

  • Loan amounts: up to $40,000
  • Loan terms: Between 1 year and 5 years
  • Interest rates: starting at 8.00% APR

 

Requirements for a Veridian Credit Union personal loan

A Veridian Credit Union personal loan is only available to current members and employees. If you are not yet a member, there are different ways to join. Membership is available to anyone who:

  • Lives, works, worships, or attends school in Veridian Credit Union recognized counties
  • Is a family member of a Veridian Credit Union member
  • Is a current or former employee of Veridian Credit Union recognized establishments, businesses, or institutions

Bank Name did not provide a list of all the borrower criteria. However, most lenders expect potential applicants to meet the following qualifications:

  • Proof of identity: Submit a copy of government-issued IDs such as driver’s license, passport, or birth certificate to prove that you are at least 18 years old and with a permanent US address.
  • Capacity to pay: For employed individuals, submit pay stubs or employer contact information; for self-employed individuals, submit bank statements or tax returns.
  • High credit score: The minimum is at least 600; ideally, a score of 700 is better.
  • Low DTI ratio: It should be lower than 40% although some lenders will approve those with a debt-to-income ratio of up to 50%.

Veridian 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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Veridian Credit Union

Veridian Credit Union personal loans

Veridian Credit Union personal loans
Estimated Month Repayments
$613 Inclusive of fees
Interest Rate
6.50%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
$1,000
to $20,000
Go to site
As a credit union we are organized differently than other financials. We're not-for-profit and owned by our members, not by stockholders.
Featured
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.
Featured
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
ECU offers extraordinary products & services that make life just a little easier.

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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 Veridian CU personal loans

Pros

  • Low interest rate
  • Delay-A-Pay option
  • Loyalty discount program
  • Debt protection plan available

Cons

  • Non-members cannot apply
  • Minimum loan amount not listed

FREQUENTLY ASKED QUESTIONS

How much can I borrow from Veridian CU?

Veridian CU offers personal loans up to $20,000. The minimum loan amount you can borrow is undisclosed.

How long should I repay a personal loan from Veridian CU?

The terms of Veridian CU personal loan are between 1 and 5 years (12-60 months).

How much does Veridian CU charge for its personal loans?

The personal loan rates from Veridian CU start at 8.00% APR.

Can I delay a loan payment?

Yes. As a Veridian CU member, you can delay a loan payment up to two times a year for a fee of $30 each time.

Do personal loans from Veridian CU qualify for rate discounts on automatic payments?

Yes. If you set up automatic payments for your Veridian CU personal loan, you will qualify for a 0.25% APR discount.

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

You can call 800.235.3228 to find out more about Veridian CU personal loans.

Video: The value of Veridian

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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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