Personal Loan Rates

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Right Choice - FedChoice

The following rates are effective on May 1, 2021 and subject to change without notice. For updated information, inquire at any FedChoice Financial Service Center (FSC) location or contact our Member Care Center at 301.699.6151 • 800.969.6151.

Calculate Loan Payments

Signature Loans
Loan Amounts to $35,000
Rate Type Loan Amount Term APR* as low as**
Fixed $500 min up to 36 months 7.49%
Fixed $2,000 min 37 to 60 months 8.49%

* Annual Percentage Rate
** APR is based on evaluation of applicant's credit. Your actual APR may vary.

Line-of-Credit
Loan Amounts $300 to $20,000
Loan Type APR* as low as**
Instant Access Line-of-Credit (variable)† 6.75%

† Base rate derived from The Wall Street Journal Prime Rate plus 4%. Other tiers apply. Rate adjusted monthly.

* Annual Percentage Rate
** APR is based on evaluation of applicant's credit. Your actual APR may vary.

Share Secured Loans
Loan Type Term APR* 
Share Secured Loan (variable)†§ up to 84 mos. 3.10%

 

Amount of shares securing the loan must be in Main Share Savings Account.
† Rate based on the cost of funds plus 3%. (Cost of funds is the basic savings account dividend rate for balances >= $2,500.00.) Rate adjusted semi-annually.
§ Minimum loan amount $300.00/Maximum loan amount $50,000.00

* Annual Percentage Rate
** APR is based on evaluation of applicant's credit. Your actual APR may vary.

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*Applying for a loan as a nonmember also submits a membership application. You must be a member of FedChoice to receive a loan from us. Review membership criteria here.
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Rates at a glance

Loan Rates

Deposit Rates

Fed Choice