Unsecured Loans
Unsecured Personal Loans
A personal loan with Dirigo is the smarter way to borrow and save. From a planned event to an unexpected one, we’ll help you find your loan solution with low rates and flexible terms.
- Work on vehicle repairs
- Plan a mini vacation
- Invest in a personal project
- Consolidate debt
What is an unsecured loan?
An unsecured loan is supported by creditworthiness instead of relying on collateral for security. Other names for unsecured loan are signature loans and personal loans.
Why choose an unsecured loan?
- Debt consolidation
- Home improvements
- Wedding
- Vacation
- Medical expense
- Small emergency
Loan Terminology
Annual Percentage Rate
APR (annual percentage rate) includes interest rates and any credit union fees. APR should always be advertised.
Fixed vs. Variable Rate
• Fixed rate is a consistent rate throughout the length of the loan.
• Variable Rate is subject to change over the life of the loan.
Monthly Payments
APR, term length, and loan amount are calculated into your monthly payment. The monthly payment amount is what is considered when looking at a monthly budget.
Debt-to-Income Ratio
DTI (debt-to-income) measure income and debt – a low DTI is favorable and more likely to service a debt or loan.
Rates
Unsecured, Other Secured, & Credit Cards
| Unsecured** | Max Term | Interest Rates | Annual Percentage Rate | Payment per $1,000 |
|---|---|---|---|---|
| $5,000+ | 60 | 11.75% | As low as 11.90% | $22.19 |
| $3,500+ | 48 | 11.50% | As low as 11.68% | $26.18 |
| $500+ | 36 | 11.00% | As low as 11.23% | $32.85 |
| Other Secured | ||||
| $5,000+ | 84 | 8.15% | As low as 8.30% | $15.73 |
| $5,000+ | 72 | 7.90% | As low as 8.07% | $17.57 |
| $5,000+ | 60 | 7.50% | As low as 7.70% | $20.13 |
| $3,500+ | 48 | 7.25% | As low as 7.49% | $24.17 |
| $500+ | 36 | 6.75% | As low as 7.06% | $30.91 |
| Share Secured | 60 | 3.50% | $18.19 | |
| CD Secured | Term of CD | CD Rate + 3.00% | Variable | |
| Energy/Emergency Loan (1 loan per member, $2,500 max) | 26 | 4.00% | $40.22 | |
| Overdraft LOC ($5,000 Max; A+, A, B & C Credit Only) | Revolving | 15.00% | $50.00 | |
| Dirigo Platinum Credit Card | Revolving | 5.95% Introductory Rate then As low as 9.95% | 2% of balance or $25 | |
| Dirigo Platinum Rewards Credit Card (A+,A ,B, & C credit only) | Revolving | As low as 11.95% | 2% of balance or $25 |