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Interest Rates
CU Prime Rate: 2.25%
If you have a specific purpose in mind – maybe buying a new car -- a Servus Credit Union personal loan may be the solution you're looking for. You'll enjoy the security of fixed monthly payments, and a personal loan interest rate that could be either fixed or variable. You can also choose from a wide range of repayment periods up to 5 years, designed to fit your budget -- the longer the term, the lower your monthly payments.
Fixed Rate
Choosing a Fixed Rate allows you to lock in your interest rate for the term of the personal loan and protect you against any increase in lending rates.
Variable Rate
Alternately a Variable Rate can help you benefit from times when interest rates are low. Your monthly payments remain the same, but if rates go down, more of your payment goes toward the principal, so your loan gets paid off faster. If rates start moving up, you have the option to convert the outstanding balance to a fixed-rate loan for the remainder of your term.
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