Personal Loans and Lines
Meet your individual financial needs with a Star One Credit Union Personal Line of Credit or a Personal Loan.
Personal Line of Credit
Personal Line of Credit interest rate
Annual Percentage Rate
7.50
%
Monthly payment: 2.5% of current balance, Variable rate
Use a revolving line of credit for vacations, home decorating, computers, or even to pay off higher-rate credit cards. It also provides overdraft coverage for your Star One Free Checking Account.
The maximum credit line is $40,000 and the minimum is $1,000. The interest rate on quarterly variable rate loans is determined by an index. The Annual Percentage Rate (APR) is determined by adding 4% to the most recent value of the Prime Rate published in the Money Rates column of the Wall Street Journal 10 days preceding the first day of the months of January, April, July and October and rounded to the nearest quarter of a percent.
Personal Loans
Personal Loans interest rate
Annual Percentage Rate Range
7.49
%
- 11.49
% *
Monthly payment: $20.03 - $21.99 per $1,000, Fixed rate, 5 years maximum term
* Your APR based on credit qualification.
Fixed-rate personal loans can be used for any purpose. Members sometimes choose this loan for a particular purchase or a debt that they wish to pay in a specific period of time. The maximum loan is $40,000 and the minimum loan is $1,000 with a maximum term of 5 years.
Protect your loan with Credit Life and Disability Insurance—available for vehicle loans, personal loans and lines, and share-secured loans.
Even if you have life insurance, other unfortunate circumstances could impact your monthly income. Having the peace of mind that your loan payment will be made, should you become disabled due to injury or illness, is worth the minimal cost added to your loan payment.
View our Credit Life and Disability PDF brochure.
Maximum Coverage Limits
| Level Rate | Disability | Life |
|---|---|---|
| Coverage Amount | Unlimited | $50,000 per loan |
| Termination Age | 70 | 70 |
| Coverage Duration | 120 months | 120 months |
| Monthly Benefit Amount | $750.00 per loan | Not applicable |
Who is Eligible and How Much Does it Cost?
| Level Rate | Disability | Life |
|---|---|---|
| Eligibility Age | Under age 70 | Under age 70 |
| Working Requirements | Actively at work a minimum of 30 hours per week on the loan advance date | Not applicable |
| Single Rate | $2.00 per $1,000 per month | $0.69 per $1,000 per month |
| Joint Rate | Not applicable | $1.16 per $1,000 per month |
Important note: An individual Star One member may borrow a maximum of $40,000 in Visa Credit Card accounts, Lines of Credit, Personal Loans and Emergency/Disaster Loans combined.