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5-5-5 Personal Loan Special!

Our 5-5-5 Personal Loan Special has helped our members in countless ways. Whether you need a little extra cash for vehicle repairs, home maintenance, or back-to-school shopping, a personal loan is a great option! Also, if you’re looking to pay off a high-interest (maybe 20% APR or more?) retail credit card, our 5-5-5 loan special may be the answer you need.

Important Things to Know:

You must meet ARC membership and loan eligibility requirements and loan rates are based on creditworthiness at time of application. If your credit score is over 700 you are eligible for $5,000 at 5% APR over a 5-year term. If your credit score is between 650-700 you will be eligible for $5,000 at 6% APR over a 5-year term. What does this mean? Here are some payment examples: For a $5,000 personal loan with a term of 60 months (5 years) at 5% APR, the monthly payment would be $94.38. For a $5,000 personal loan with a term of 60 months (5 years) at 6% APR, the monthly payment would be $96.69. Remember, you can borrow any amount up to $5,000 at these rates, so your monthly payment may vary from these examples.

Some qualified borrowers may be eligible for up to $10,000 when borrowing with a spouse on a joint account. We cannot refinance an existing ARC loan with a 5-5-5 loan, but you may be able to add on to a previous 5-5-5 loan if you meet eligibility requirements. If you have any additional questions, please reach out to our loan department directly at (814)946-0857, opt. 4. You can also text (814)946-0857 with questions during business hours to chat with our staff. Our loan department email is loan@arcfcu.org