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  • Loans & Credit
  • General Information

  • The SFCU only offers unsecured personal loans to members.

    • Duration: 3 to 60 months
    • Amount: $500 to $10,000
    • Interest rate: 8.5% to 18.0%
    • No prepayment penalty
    • No application fee

    What are unsecured loans?
    Unsecured loans are loans without collateral, meaning they are not tied to any of your personal property. If a borrower defaults on the loan, the creditor will not seize an automobile, a home or other personal property, as payment. In a secured loan, a borrower would sign contracts tying the loan to an asset. Since the SFCU offers only unsecured loans, there is less paperwork for you, and you can obtain your loan faster.


    Transitional Loans

    Many students come to the SFCU seeking transitional loans. Your account with the SFCU does not end with graduation, nor does your ability to receive a loan.

    Transitional loans can be used to finance the cost of moving and the beginning of payments on student loans. We know that the transition period for students moving from school to work can be difficult, so we are willing to work with you, no matter where you go, to ensure that you have the financial means to truly start your career.

    Whether you need money for a new apartment, a new vehicle, or even just for some essentials, a SFCU Transitional Loan can help you get these things so that you can get started with your life.


    Credit Card Consolidation

    From books to utilities to basketball tickets, college is expensive! Many students come to the SFCU seeking to escape the high interest rates of credit card debt by consolidating their credit card balances into one lower interest loan. This can help the student to make a fresh start and avoid damaging their credit history. If you are watching the interest payments pile up, we may be able to help.


    Vacation Loans

    You've worked hard. Now, you deserve a break. Don't let insufficient funds prevent you from realizing your vacation goals. SFCU Vacation Loans will get you on your way to your dream vacation. We especially cater to students seeking loans for spring break trip, be it a trip to the Bahamas or volunteering through the alternative spring break program. Get started on your way to your dream vacation!


    Business Venture Loans

    As a Penn student, you may be in the entrepreneurial mood. Need some cash to buy a restaurant? Looking to start a competing summer storage company or a video rental store, but are strapped for cash? We offer loans at competitive interest rates that will help you get the jump on the competition and help finance your entrepreneurial ambitions.


    Mortgage Loans

    The Student Federal Credit Union is now offering mortgage loans to its members, via a partnership with the CU Mortgage Group®. Find out more information by visiting http://www.cumortgagegroup.com.



    To get started, fill out the online contact form or come into our office between 3 pm and 5 pm Monday - Friday.

Loans and Credit
© Copyright 2005 Student Federal Credit Union at the University of Pennsylvania. All Rights Reserved. Member accounts of the Student Federal Credit Union are federally insured by the National Credit Union Association (NCUA). The NCUA is a government agency which regulates all federal credit unions in the United States. The SFCU does not maintain, nor can it be responsible, for material on external sites. Questions and comments regarding this site can be addressed to the webmaster.