Princeton University Federal Credit Union - A Tradition of Financial Excellence - Loans - Other Loans


		Other Loans Personal Loans/Line of Credit Shares-as-Collateral Loans Personal Loans/Line of Credit A Personal Loan is a very convenient loan option for emergencies or other needs. Personal loans may be granted for vacations, weddings, educational expenses, medical expenses, bill consolidation, and a variety of other reasons. You may apply for $500 or more beyond the balance remaining on an existing loan, provided the total combined with an existing loan does not exceed $15,000. Guidelines for Eligibility Credit worthiness Debt-to-income ratio (capacity to repay the loan) Length and stability of employment Past credit history with the Credit Union Character Overdraft Protection is available for your PUFCU Checking Account from a PUFCU Personal Line of Credit to clear drafts. There is a $2.50 charge for each overdraft transfer. Shares-as-Collateral Loans Your strong commitment to savings can provide you with the security you need for a loan. With the accumulated funds in your share accounts, you can apply for a loan. No need to take the money out. By pledging your shares in the credit union for the full period of the loan, you may borrow up to the amount you have pledged: Dividends continue to be paid as usual on pledged funds. The amount frozen is amortized as the loan is repaid. Total amount of the loan must be secured by shares in account. Online Loan Application We do business in accordance with the Federal Housing Law and the Equal Credit Opportunity Act.