Consumer Loans

Personal Loan

Achieve your financial goals with a Somerville’s Credit Union personal loan. With your personal loan you can finance large purchases as well as unexpected expenses.

  • Borrow up to $15,000
  • Rates as low as 9.49%
  • Fixed rate based on credit profile
  • Terms from 12-60 months
  • No collateral required

Personal Line of Credit

Somerville’s Credit Union Personal Line of Credit offers the convenience and flexibility to help you meet life’s financial situations. You’ll enjoy easy access to a reusable source of funds for recurring expenses, major life events, large purchases, or even unexpected expenses.

  • Borrow up to $15,000
  • Rates as low as 9.49%
  • 12-60 month terms
  • Fixed rate based on credit profile

Share Secured Loan

A Share Secured Loan from Somerville’s Credit Union makes sense if you’re looking to build your credit or you need to make a necessary purchase but don’t want to dip into your savings. With a Share Secured Loan you borrow against your savings, certificate of deposit or money market account and receive a low-rate loan (only 2% above your deposit rate), while still earning interest on your financial resources on deposit!

  • You can borrow up to 100% of the balance in your Share Savings, Certificate of deposit or Money Market Account
  • No fees
  • Low 2% interest rate

Debt Consolidation Loan

Have you accumulated a large amount of debt with credit cards that have high interest rates?  Do you want to consolidate your debt for a low, fixed interest rate? Then Somerville’s Credit Union has the answer for you! Apply for our Debt Consolidation Loan and take advantage of:

  • Rates as low as 8.49%
  • Borrow up to $15,000
  • 12-60 month terms
  • Fixed rate based on credit profile

Holiday/Vacation Loan

  • Rates as low as 3.99%
  • Borrow up to $3,000
  • 18 month term
  • Fixed rate based on credit profile

Overdraft Protection Loan

Somerville’s Credit Union offers Overdraft Protection Loans to help members in avoiding the inconvenience that comes with an accidental overdraft. This loan also covers the occasional unexpected expenses that we all experience from time to time. Should you overdraw by check, ATM/debit card, or other electronic service, your transaction will be covered up to the limit of your loan after you have no more available funds in your savings account. Not only can you avoid our overdraft fee*, you’ll have protection against late fees and bounced check fees charged by your creditors.

Does this sound like a product that could work for you?
Simply complete this form and return it to our office:
236 Holland Street, Somerville, MA 02144
Give us a call at 617-625-0898 if you need further information.

*Overdraft Fee is $27.50. Our standard overdraft loan transfer fee of $5.00 will apply.