Declare Independence from Debt
If you’re managing multiple balances or carrying higher-rate debt, now may be a good time to simplify. This July, NYU FCU is offering reduced promotional rates on our Bill Consolidation Loan for a limited time.
A Bill Consolidation Loan, also known as a debt consolidation loan, allows you to consolidate bills and combine eligible balances into one loan with one monthly payment. Simplifying repayment can make managing debt easier and, depending on your current rates and terms, may reduce overall borrowing costs.
Bill Consolidation Loan Promotional Rates:
Credit Score | Credit Rating | Promotional APR |
|---|---|---|
760+ | A+ | 9.00% |
700-759 | A | 10.00% |
650-699 | B | 11.00% |
600-649 | C | 12.00% |
520-599 | D | 13.00% |
APR = Annual Percentage Rate. Membership eligibility required. All loans subject to credit approval. Rates and terms based on creditworthiness and other qualifying factors. Offer valid through July 31, 2026. Rates and terms subject to change without notice. Terms and conditions apply. 60-month maximum term. Loan amounts: $500 - $25,000. For any loan over $10,000 a credit score over 680 is required.
Personal Loans
A Personal Loan provides flexible financing for planned and unexpected expenses. Whether you're renovating your home, covering medical bills, planning a wedding, or making a major purchase, NYU FCU personal loans offer fixed monthly payments and repayment terms designed to fit your budget.
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Maximum term: 60 months
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Loan amounts: $500 - $20,000
Vacation & Holiday Loans
A Holiday & Vacation Loan gives you the flexibility to finance travel, seasonal expenses, and special occasions without paying the full cost upfront. Fixed monthly payments make it easier to budget for your plans while keeping your savings available for everyday expenses.
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Maximum term: 12 months
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Loan amounts: $500 - $3,000
Bill Consolidation Loans
Managing multiple loan or credit card payments can be challenging. A Bill Consolidation Loan combines eligible debts into one loan with a single monthly payment, making it easier to keep track of your repayment schedule. Depending on your existing balances and interest rates, consolidating debt may also help reduce your borrowing costs.
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Maximum term: 60 months
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Loan amounts: $500 - $25,000.
For any loan over $10,000 a credit score over 680 is required.
Share Secured Loans
A Share Secured Loan lets you borrow against the funds in your NYU FCU share savings account without withdrawing your savings. By using your savings as collateral, you may qualify for competitive rates while keeping your account intact. You can borrow up to 95% of your available share balance. Current loan terms and rates are listed below.
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12 months at 2.50% APR
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36 months at 2.75% APR
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60 months at 3.50% APR
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120 months at 4.00% APR
Share Certificate Secured Loans
A Share Certificate Secured Loan lets you borrow against the value of your NYU FCU share certificate. By using your certificate as collateral, you can access funds while your investment remains in place. You may borrow up to 95% of your collected share certificate balance.
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APR: 3.00% above the pledged Share Certificate Rate
Credit Builder Loans
A Credit Builder Loan is designed to help you establish or strengthen your credit history through consistent, on-time payments. Unlike a traditional loan, the loan proceeds are deposited into your NYU FCU savings account and become available as you make payments. This allows you to build positive payment history while working toward your savings goals.
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Maximum term: 12 months
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Loan amounts: $500 - $1,000
Life Happens Loans
Unexpected expenses can happen at any time. A Life Happens Loan provides access to funds when you need help covering emergency costs, such as medical expenses, home repairs, or other urgent needs. With a simple borrowing option from NYU FCU, members can address unexpected expenses while keeping their regular budget on track.
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Maximum term: 12 months
Must be NYU employee for more than 2 years, a member for at least 6 months, must have a checking account with a payroll deduction or direct deposit at the NYU FCU and no other loans at the NYU FCU. Must list supervisor contact information on Reference Form. Credit score not less than 520.
¹Example: A $10,000 loan at 7.50% APR for 36 months would result in 36 monthly payments of $312.04. $0 downpayment required. This payment estimate does not include CD/CL insurance coverage, should you choose to purchase it.
²Example: A $10,000 loan at 9.00% APR for 12 months would result in 12 monthly payments of $87.77. $0 downpayment required. This payment estimate does not include CD/CL insurance coverage, should you choose to purchase it.
³Example: A $10,000 loan at 11.00% APR for 36 months would result in 36 monthly payments of $328.88. $0 downpayment required. This payment estimate does not include CD/CL insurance coverage, should you choose to purchase it.
⁴Example: A $1,000 loan at 2.50% APR for 12 months would result in 12 monthly payments of $84.47. $0 downpayment required. This payment estimate does not include CD/CL insurance coverage, should you choose to purchase it.
⁵Example: A $1,000 loan at 10.0% APR for 12 months would result in 12 monthly payments of $87.92. $0 downpayment required. This payment estimate does not include CD/CL insurance coverage, should you choose to purchase it.
⁶Example: A $1,000 loan at 16.00% APR for 12 months would result in 12 monthly payments of $90.73. $0 downpayment required. This payment estimate does not include CD/CL insurance coverage, should you choose to purchase it.