Personal Loans

Vacations, Bill Consolidation and Everything in Between

Personal Loans

A personal loan or line of credit can be a huge benefit to you in many different situations. Four Points members use them for a variety of purposes:

  • Take a Special Vacation
  • Bill Consolidation
  • Emergency Funds
  • Fund a Variety of Major Purchases

 

We help you overcome challenges and take advantage of opportunities with loans up to 60 months. We will work with you, taking your personal situation and income into consideration to determine what kind of loan is best and how much you can borrow to help you achieve your goals.

Types of Personal Loans

Personal loans are can be broken down into two major groups:

  • Secured Personal Loan – A secured personal loan uses a source of collateral, such as a piece of property. A common example of a secured personal loan is in the purchase of a house or vehicle where the property being purchased, or another asset, is the collateral. A secured personal loan typically has a lower interest rate.
  • Unsecured Personal Loan – A credit card is an example of a common unsecured personal loan, where no collateral is used and there is no specified use for the funds, but the financial history of the borrower is taken into consideration. An unsecured personal loan typically has a higher interest rate than a secured personal loan.

Savings & Certificate Secured Loans

Another great option to help build or rebuild credit is to use funds in your Four Points savings or certificate account as collateral for a secured personal loan. These loans offer very low interest rates compared to other types of personal loans and can be made quickly and easily.

Join Four Points and get a secured personal loan on your terms, from the comfort of your car, couch or cubicle!