Personal Loans


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What is a personal loan?
A personal loan from SunWest Federal Credit Union is a simple loan that can be used for almost any expense. The best part about a SunWest personal loan is that no collateral is required—just your signature.

How do I apply?
Applying for a personal loan is free and straightforward at SunWest. Once the application has been completed, a member from our lending department will contact you and provide an updated status of your loan request. We will then fund the loan by either issuing a check or depositing the funds into your SunWest account.

Ways to apply

Is it true that applying for a loan hurts your credit score?
Applying for a loan may impact your credit score by a few points but having a loan also adds a trade line to your credit report. This could then raise your score by a few points. Ensuring that all payments are on-time for your new loan can help boost your credit score as well.

Can I apply for a loan if I think my credit score is bad?
There are many myths about credit scores. The truth is that a person has different credit scores with different credit bureaus. These scores can fluctuate over time and the maximum score anyone can have is 850. Your score can vary by a number of factors, including your payment history as well as your overall available credit. Your credit score is not the only piece of information used when making a loan decision. Outstanding debt and monthly income also play a role.

Don’t let your fear of bad credit stop you from enjoying the benefits of a SunWest personal loan. Call us or visit a branch today to get started.