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Veridian Credit Union Personal Loan Calculator, Interest Rates & Overview

Updated 6 March 2024

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Veridian Credit Union personal loans overview

Whether you’re looking for a lump sum or a line of credit, Veridian Credit Union can help you finance a variety of needs. You can pick from a range of personal loans and lock in competitive rates, flexible repayment plans, and quick approval.

Want to see what a Veridian personal loan will cost? Try the Veridian Credit Union personal loan calculator below! All you have to do is enter your desired loan amount and term to see an estimate. You can use the calculator to adjust your loan amount and term to see how it might affect 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.

Key features

Minimum loan amount: Undisclosed.
Maximum loan amount: Up to $40,000.
Interest rates: From 1.75% APR above based on loan type.
Loan terms: Up to 120 months depending on loan type.
Loan fees: Undisclosed.
Discounts: Loyalty Program rate discounts.

Veridian CU personal loan options

Personal loans

Veridian offers competitive personal loans with flexible terms. For as low as 9.25% APR, you can secure up to $40,000 only by using your signature. In addition, you can make loan payments for up to 60 months.

Premier personal loans

If you have a credit score of 720 or higher, you may also qualify for a Premier personal loan. You can borrow from $10,000 up to $40,000 and stretch your payments for up to 120 months. Interest rates begin as low as 8.75% APR.

Secured loans

You can also opt for a secured loan using your certificate of deposit (CD) or share. Your interest rate can begin at 1.75% APR and above with terms of up to 60 months.

Quick draw lines of credit

If you have a checking account, you can apply for a quick draw line of credit and link your account. This will help you prevent bounced checks and overdraft fees. Rates start at 11.25% APR, and terms are up to 6 months.

Payday alternative loans (PAL)

Veridian Credit Union offers small short-term loans, too. A payday alternative loan allows you to borrow up to $1,000 without a sky-high interest rate. You can secure rates starting at 19% and terms of up to 6 months.

Veridian CU personal loan calculator

Loan amount

Term

Provider

Product Information

EST Monthly
Repayment

Interest
Rate

Repayment
Period

Loan
Amounts

Sort loans by

Loan Amount

$20,000

Term

3 months

Change

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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.

How to apply for a Veridian personal loan

Eligibility criteria

Though Veridian doesn’t specify the requirements to obtain financing, you commonly need to be:

A Veridian Credit Union member
18 years old or legal to obtain financing
A legal resident
Employed or have a reliable source of income

To have more chances of qualifying for a personal loan, ensure you have good credit and a low debt-to-income ratio (DTI). These will show Veridian CU that you can responsibly manage your debts and take on more loans.

How to join Veridian

Veridian CU is open to anyone who meets one of the following:

Live in Iowa, Nebraska, or Minnesota or work at a business located there
Donate $5 to Habitat for Humanity as part of the application
Have immediate families who are Veridian members

What you’ll need to have ready

Personal details

When you apply for personal financing with Veridian Credit Union, you’ll be asked to provide personal information such as:

An email address
Your full name
Address
Social Security number
Employment information
Income details
U.S. citizenship status
A list of monthly expenses

Documents

You can apply for the loan directly on Veridian’s website. During your application, you might need to supply additional documents or information. These may relate to your source of income, bank account details, and address history.

While a Veridian personal loan is only secured by your signature, make sure you don’t fall behind on your loan payments. This way, you avoid defaulting on your loan and hurting your credit.

Ways to apply for a Veridian CU personal loan

Apply online by clicking the GO TO SITE link in the table below
Visit a branch
Call (800) 235-3228

Additional Veridian personal loan details

Automatic payment: Available.

Loan approval times: Within 24 hours.

Rate discounts: 0.25% APR discount through the Loyalty Program.

Repayment frequency: Monthly.

Late payment fees: Undisclosed.
Prepayment penalty: $0.

Co-borrowers allowed: Yes.
Co-signers: Undisclosed.

Hardship program: Delay-a-pay service available. (Learn more).

Ways to repay: Online banking, mobile app, ACH debit payment, online payment center, and in a branch.

PROS AND CONS

Pros

Competitive rates.
Flexible loan terms.
Quick loan approval.
No prepayment penalties.
Easy online application.
Co-applicants allowed.
0.25% Loyalty Program discount.
Multiple loan options – personal loans, premier personal loans, secured loans, lines of credit, and payday alternative loans.
Convenient payment options – online banking, mobile app, ACH debit payment, online payment center, and in a branch.
Serves 50 states.

Cons

Membership required.
Undisclosed minimum loan amount.
Applicants with low credit scores may get higher APRs.

FREQUENTLY ASKED QUESTIONS

What is the minimum credit score for Veridian Credit Union?

For a Premier personal loan, you need a credit score of 720 or higher.

What do you need to qualify for a loan at Veridian CU?

To qualify, you need to show the credit union that you have a stable job, good credit, and manageable debts.

How much do I qualify for with a Veridian personal loan?

You may borrow up to $40,000 depending on the type of personal loan you apply for.

What is the maximum term of a Veridian CU personal loan?

Personal loans have a maximum term of 60 months, while Premier personal loans are up to 120 months.

Where can I apply for a Veridian personal loan?

You can submit an application online or to one of the credit union’s branches.

How long does a Veridian personal loan take to be approved?

You may get a response from a loan officer within 24 hours.

Are there early repayment fees on Veridian CU personal loans?

None. You don’t need to pay a prepayment penalty when you pay your loan earlier.

Veridian Credit Union Personal Loan Calculator, Interest Rates & Overview