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No matter the need, we've got options for you.

Personal loans and lines of credit are a great way to cover your lifestyle needs through low monthly payments for those large out-of-pocket or unexpected expenses such as:

  • Vacations
  • Large household purchases
  • Medical deductibles
  • Home or vehicle repairs
  • Credit card debt consolidation


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Fixed-Rate Personal Loan

  • Variety of terms up to 60 months, based on loan amount
  • Borrow up to $30,000
  • Low-fixed rate based on term, balance and credit history
  • No collateral required
  • Easy repayment options

Apply Now

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Personal Line of Credit

  • No annual fee
  • Borrow up to $20,000
  • Funds easily available to you when you need them through Digital Banking
  • Acts as overdraft protection for your LOC Checking Account
  • Minimum payment is 3% of the outstanding balance

Apply Now

Personal Loans/Lines of Credit Rates
Effective Date: Sunday, May 26th, 2024
Loan TypeAPR As Low AsTermMinimum or MaximumNote
Personal Loan 10.50% up to 36 Months $30,000 Max Fixed Rate
Personal Line of Credit 11.50% up to 48 Months $30,000 Max Fixed Rate
Personal Loan 12.50% up to 60 Months $30,000 Max Fixed Rate
Personal Line of Credit 13.99% N/A $20,000 Max Variable Rate

 Example: A loan amount of $7,500 with a rate as low as 10.50% for 36 months would have an approximate monthly payment of $244.00

APR = Annual Percentage Rate

All loans, terms and conditions are subject to Credit Union qualifications & may vary based on creditworthiness.


Will consolidating my debt into a new loan be beneficial?

With interest rates at historical lows, it may make sense to consolidate some of your credit card and other personal debt into a new consolidated loan - perhaps a home-equity loan. Consolidation loans can significantly reduce your required monthly payment because they are generally amortized over 10 or 15 years. Use this debt consolidation calculator to determine how quickly you could get out of debt and how much interest you might save.

Consolidated Loan Information

Current Debt Information

Debt Balance ($) Monthly Payment ($) Yearly Rate
(0% to 40%)
Credit card 1
Credit card 2
Credit card 3
Credit card 4
Auto loan 1
Auto loan 2
Boat/RV loan
Other loan 1
Other loan 2
Other loan 3

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Let's Win Together

Are you ready to join LOC?

It’s easy to become a member of LOC Credit Union! 

Membership is open to anyone who lives, works, worships, or attends school in the state of Michigan. 

A current or eligible member's immediate family (spouse, sibling, child, grandchild, parent, grandparent) or an individual living in the same household of a current or eligible member can also join LOC.

Join Now

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Friday 9 am to 6 pm
Saturday 9 am to 1 pm

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