A loan for every need:
With our competitive rates, a personal loan may be the best solution for your short-term financing needs. In most cases, we can review your application and get you approved almost immediately.
Loan Options
Personal Loan
When the refrigerator suddenly stops working or one of the kids needs braces, a personal loan may be the best solution for your short-term financing needs. In most cases, we can review your application and have an answer for you almost immediately.
Energy Loan
This loan will assist home owners who are looking for a short term loan as opposed to a Home Equity Loan for the installation of new windows, a new furnace, water heater or any energy star appliance. This loan does not require the property to be held as collateral.
SMART Loan
Designed to consolidate credit card debt. One convenient monthly payment – no more keeping track of several credit cards! An easy automatic transfer is set up from your People’s account for your monthly payment to help make sure your loan is paid on time.
Savings-Secured Loan
Use the funds you have on deposit at the Credit Union in your savings, share, money market account – or Certificate of Deposit – as collateral and receive a reduced rate on your loan.
Home Fuel Loan
The People’s Credit Union Home Fuel Loan will assist members who are having a hard time paying for home heating fuel by allowing them to spread their payments out over a longer period of time.
Personal Line of Credit
A line of credit available to cover overdrafts as well as other financial needs
- Minimum amount: $1,000; Maximum: $25,000
- Interest calculated on outstanding balance only
- Annual fee $25
Personal Overdraft Protection
A line of credit available only to cover overdrafts.
- Minimum amount: $100; Maximum: $2,500
- Interest calculated on outstanding balance only
- Annual fee $25
Rates
Active as of 01.16.2021
Personal Loan
| Product | APR* as low as | Monthly Payment Per $1,000 Borrowed for 24 Months | Apply |
|---|---|---|---|
| Any Purpose Loan | 9.99% | $46.14 | Apply Now |
DISCLOSURES
Interest Rates are subject to change without notice.
* Annual Percentage Rate (APR) subject to change without notice. Advertised APR based on a credit score of 720 or higher. Rate shown is lowest available based on credit. Other rates available based on creditworthiness. Maximum amount of line: $25,000.
Energy Loan
| Product | APR* as low as | Monthly Payment per $1,000 Borrowed for 48 Months | Apply |
|---|---|---|---|
| Energy Loan | 7.99% | $24.41 | Apply Now |
DISCLOSURES
Interest Rates are subject to change without notice.
* Annual Percentage Rate (APR) subject to change without notice. Advertised APR based on a credit score of 720 or higher. Other rates available based on creditworthiness. Maximum term is 48 months. Maximum amount of loan is $25,000. Please contact the Credit Union for full details on qualifying purchases.
Heating Loan
| Product | APR* as low as | Monthly Payment Per $1,000 Borrowed for 12 Months | Apply |
|---|---|---|---|
| Home Fuel Loan | 5.00% | $85.61 | Apply Now |
DISCLOSURES
Interest Rates are subject to change without notice.
* Annual Percentage Rate (APR) subject to change without notice. Advertised APR based on a credit score of 720 or higher. Rate shown is lowest available based on credit. Other rates available based on creditworthiness. Maximum amount of line: $25,000.
Personal Line of Credit
Adjustable Rate
| Product | APR* as low as | Monthly Payment Per $1,000 Borrowed | Apply |
|---|---|---|---|
| Line of Credit | 9.25% | Varies | Apply Now |
DISCLOSURES
Interest Rates are subject to change without notice.
* Annual Percentage Rate (APR) subject to change without notice. Advertised APR based on a credit score of 720 or higher. Rate shown is lowest available based on credit. Other rates available based on creditworthiness. Maximum amount of line: $25,000.
Personal Overdraft Protection
Adjustable Rate
| PRODUCT | APR* AS LOW AS | MONTHLY PAYMENTper $1,000 BORROWED | APPLY |
|---|---|---|---|
| Overdraft Protection | 18% | Varies | Apply Now |
DISCLOSURES
Interest Rates are subject to change without notice.
* Annual Percentage Rate (APR) subject to change without notice. Rate shown is lowest available based on credit. Other rates available based on creditworthiness. Maximum amount of line: $2,500
Related Products
Frequently Asked Questions
What can we help you with today?
Our current Personal Loan rates can be found on our Personal Loan Rates page.
To make a payment on your People’s Credit Union loan, you can set up a transfer from your Credit Union checking or savings account. In addition, you now have the ability to transfer your People’s Credit Union loan payment using the Bill Pay module. Loan payments made through the Bill Pay module will be processed immediately. To make a transfer payment from your People’s Credit Union checking or savings account through the Bill Pay module, select the Bill Pay option in the top banner, choose the “Make a Loan Payment” tab and follow the instructions on the screen to complete the transfer payment. To set up recurring payments, you would select the “Recurring” option from the “Scheduling Option” toolbar.
If you are paying your People’s Credit Union loan from a People’s checking or savings account, you can select the “Transfer Funds” option from within your myBanking™ profile to initiate a one-time or recurring payment to your loan account. At this time, myBanking™ does not allow for separate principal-only payments to your loan account. Any excess paid over your payment amount will automatically apply to the principal less any outstanding fees.
If you are paying your People’s Credit Union loan from an external account, you can select the “Pay myLoan” link from our website. You would follow the prompts to our payment processing partner’s website where you would enroll using your loan account number, or login with the user name and password previously created. Once enrolled, you will be prompted to provide your account and routing numbers to proceed with scheduling a payment or setting up recurring payments.
People’s Credit Union has branches in Bristol, Middletown, Newport, North Kingstown, Portsmouth, and Wakefield, Rhode Island. For more details please visit our Locations page
Please mail your loan payment to:
People’s Credit Union, 858 West Main Road, Middletown, RI 02842
Financial
Calculators
Our convenient financial calculators can help you make more informed decisions.
How much can I afford to borrow?
Use this calculator to find out how much money you can afford to borrow.
This loan rate calculator will calculate the interest rate on a loan given a loan amount, payment amount, and number of payments.
How long will it take to pay off my loan?
Use this loan payoff calculator to find out how many payments it will take to pay off a loan.
How much will my loan payments be?
Use this calculator to compute the payment amount (principal and interest) for a fixed rate loan.
Should I consolidate my loans?
This calculator determines the advantage or disadvantage of consolidating various loans and credit card debt.
How soon can I eliminate my debts?
This calculator helps you evaluate various strategies for paying off your debt.