Consumer loans from Everence Federal Credit Union can help you get the funds you need. Learn more about our personal loans, including debt consolidation loans, as well as auto and motorcycle loans and student loans.
Loan Products
We have your consumer loan needs covered
8.990% APR1
Personal loans
Some loans don't fit into a category – that's why we also offer personal loans.
5.990% APR2
for 60 months
Auto and motorcycle loans
As an alternative to dealer financing, we're here to help you purchase or refinance a new or used vehicle. Plus, take advantage of our express auto loan program.
4.390% APR3
Student loans
Get a student loan for qualified education expenses like tuition, room and board, books and a computer, or combine multiple private student loans into one loan with one monthly payment.
There can be times when you need more money than you have on hand. They can be used for things like medial bills, consolidating debt, buying appliances, taking a vacation, and more. Personal loans aren't like a mortgage or auto loan because they don't have to be used for a specific purpose.
Check out some of the benefits of debt consolidation below.
Saving money
The simple act of rolling all of your loans into one loan won't necessarily save you money, but you often can get a lower rate than you are currently paying – especially if you have credit card debt.
Simplifying your payments
Making one payment a month is easier than having multiple payments. In addition, we can help set up an automatic payment plan so you don't have to remember to make your payment.
Improving your credit score
Consolidating your loans can improve your credit score by reducing the number of accounts with outstanding balances listed on your credit report.
Decreasing your tax burden
When you consolidate your loans into a home equity loan or home equity line of credit, you may be able to save on your taxes. Interest paid on these real estate products can be used as a tax deduction.4
Finance your next car or motorcycle with Everence Federal Credit Union. We care about how we impact the environment, so we have a unique incentive for people buying "green" vehicles.
Express auto loan
With our express auto loan, shopping in the evening or on the weekend is no longer a problem! Skip financing with the dealer by taking a check from us to buy your vehicle.
Apply for an auto loan and once approved, we will issue a check to you.5
After finding your next vehicle, simply:
Finish filling out the check,
Give it to the dealer as payment,
Drive away in your new vehicle!
Green auto discount
Be a good steward of the environment and receive a 0.50% interest rate discount6 on your auto loan when you finance the purchase of an electric or hybrid vehicle.
To receive the discount, tell your loan officer your plan to buy a "green vehicle."
Academics can be stressful, but paying for an education shouldn't be. Everence Federal Credit Union offers loans to help you meet your academic goals as well as your financial ones.
New student loan
Get a student loan for qualified education expenses like tuition, room and board, books and a computer.
No origination fees.
Competitive interest rates – we reward you for good grades with an even lower rate.
Cosigner release available.7
30 day no-fee return policy which allows you to cancel the loan within 30 days of disbursement without fees or interest.
Borrow as little as $2,000 or as much as $30,000 per academic year.
Build your credit with minimum monthly payments of $25 while you are in school.
Full monthly principal and interest payments are deferred until six months after graduation.
Consolidation loan
Consolidating private student loan debt can lower your monthly payments, reduce your interest rate and extend the payment period on your loans.
Simplify your finances with one easy monthly payment for your private student loan debt.
Consolidate $5,000 to $125,000 in undergraduate loans or $5,000 to $175,000 in graduate loans.
Fixed and variable rate options.
Cosigner release available.
Free access to Financial Choice (LSS) for confidential student loan repayment advice.
Payment protection
Our payment protection program can help protect you from unforeseen events
Everence loan protection is available with most loans. Available package options include one or more of the following benefits: loss of life, disability, involuntary unemployment. This optional payment protection product is made available by Everence Federal Credit Union.
Check out these additional features for auto loans.
Guaranteed asset protection
MEMBER'S CHOICE™ guaranteed asset protection (GAP) is an optional protection product made available by the credit union. In the event of a total loss, GAP is designed to cancel the difference between your primary insurance settlement and the outstanding loan balance, up to the contract maximums.
Mechanical repair coverage
Mechanical Repair Coverage can help you limit the cost of covered vehicle breakdowns.
For more information, contact Everence Federal Credit Union.
MyNeighbor
My card, My cause, MyNeighbor
Our MyNeighbor credit card for individuals has no annual fee, no cash advance or transaction fees and 8.9% to 16.9% annual percentage rate on unpaid balances.
But what makes our card unique is that every time you use the MyNeighbor credit card, Everence will donate 1.50% of the transaction amount to the Neighbor - charitable organization - of your choice.
Start banking with Everence
Apply for an auto, personal or student loan online.
Everence Federal Credit Union
2160 Lincoln Highway E., Suite 20
Lancaster, PA 17602
