Personal Loans

Overview

U & I are teammates for life, so we’ll be here to help you make ends meet with a personal loan or line of credit when life requires a little more funding than what you have on hand. You can use a personal loan or line of credit for special purchases, unexpected expenses, a vacation, life events like weddings, and more! We offer fast approval decisions and step-by-step local service with no application fee and no annual fee.  You can also make your payment online.  It’s our way of making your life easier!

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Personal Loan Types

Unsecured Personal Loans

You can use a personal loan for just about anything, even to consolidate your current debt at a lower rate. An Unsecured Personal Loan gives you access to the funds you need without any requirement to secure your loan against an account or other collateral. An unsecured personal loan is a great option for those with good credit ratings. Sign up for payroll deduction or automatic payment to receive a 0.25% discount on your loan. If you have a Loyalty Checking Account or an Illini Advantage PLUS Checking Account, you may qualify for an additional discount.

Share or Certificate Secured Personal Loan

Do you need a loan and want to get a lower rate or need to build (or rebuild) your credit? Borrow against the funds you have in your Share Savings Account or Certificate! Securing your loan against your own account is a smart way to get the funds you need without actually spending the money you have in savings.

Prime Credit Line of Credit

Enjoy the flexibility of borrowing different amounts over time at a super low variable rate. The minimum advance is $100. You only have to apply once, and you’ll be able to access funds quickly and easily when you need them, in person or any time via iBranch online banking.

Financial Assistance Loans

We understand you may be facing some challenges in response to COVID-19. Rest assured, we are here for you. Whether you’re struggling because your hours were cut, you’re unable to work due to an office closure or you’re caring for kids out of school, we want to help you.

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Overdraft Protection Line of Credit

Enjoy the confidence of knowing you won’t accidentally overdraw your checking account! An Overdraft Protection Line of Credit automatically covers overdrafts for you. You can also use it to write yourself a small loan or cover emergency expenses.

Personal Loan Rates and Details

TypeAvailable AmountTerms up to:APR* as low as:
Share Secured Personal Loanequal to amount in savings or shares up to $180,00060 months6.5%
Certificate Secured Personal LoanEqual to amount of CDs up to $180,000Equal to remaining term of certificate6.5%
Unsecured Personal Loanup to $48,00048 months10%
Prime Credit Line of Credit$5,000 to $48,000Open ended7%
Overdraft Protection$1000 to $2,500Open endedPrime + 6.5%

Whatever Your Needs, We Can Help You Afford It!

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Disclosures

* APR stands for Annual Percentage Rate. Rates effective as of 01/10/2019.

All loans subject to credit approval. Other restrictions may apply. All terms and conditions are subject to change at any time without notice.

For lines of credit, no interest is charged until the funds are used. Minimum credit score of 700 and a minimum gross monthly income of $2,500 required for Prime Credit line of credit. Prime Credit line of credit has a variable APR of Prime + 1.00% with a floor of 7.00%. Overdraft Protection line of credit has a variable APR of Prime + 6.50%. Other restrictions may apply.

Disclosure information is accurate and effective as of 01/10/2019 and is subject to change. To inquire about changes in these disclosures, call toll free 877-678-4328.