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Lifestyle Loan FAQ

Maybe you've heard a little bit about lifestyle loans, but you still have a few questions. We're happy to help you find the best option to meet your needs. Check out these FAQs to get a better idea. 

Contact Us
Maybe you've heard a little bit about lifestyle loans, but you still have a few questions. We're happy to help you find the best option to meet your needs. Check out these FAQs to get a better idea.  Contact Us

Here are some common Lifestyle Loan questions


What is a lifestyle loan?

A lifestyle loan is money borrowed to meet expenses without putting down collateral. The interest rate you pay is based upon your credit score and you pay the money back in fixed installments.

What would I use it for?

Here are only a few reasons people apply for a lifestyle loan. 

  • Debt Consolidation
  • Vacation
  • Medical Expenses
  • Home Improvement
  • Weddings
  • Education Expenses
  • Storm Shelters
  • Holiday Shopping
  • Veterinary Care

How can I use a lifestyle loan to consolidate credit card debt?

A lifestyle loan allows you to consolidate multiple debts into one fixed, monthly payment. Plus, a lifestyle loan with OKCU may give you a lower interest rate on your debt and help you pay it off faster.

Is it a secured loan?

No. A lifestyle loan is an unsecured loan because it is obtained without the use of collateral.

How long does it take to receive funds?

You could receive your lifestyle loan funds as quick as the same day you apply.

What is a payday loan?

A payday loan is a short-term loan that allows you to borrow funds from your next paycheck.
Happy To Help Stories

Why do our members love being part of OKCU? Find out below.

  • Floricela C
    We received a follow-up call after the loan processed to notify us that the funds were there!

    – Floricela C.
    Member Since 2005
  • Tanya W
    I can't say enough about how simple financing a vehicle, storm shelter or whatever you may need is through OKCU.

    – Tanya W.
    ​Member Since 2011
     
  • Georgia R
    I was able to take care of all my HELOC paperwork via email, nice electronic system and was only at the credit union for less than 30 minutes.

    – Georgia R.
    ​Member Since 2007
  • Mary A
    I recently got a small loan to cover emergency expenses and it was all completed in less than 24 hours.

    – Mary A.
    ​Member Since 1990
  • Bryan W
    I applied online and within 24 hours I was contacted by a loan officer at the Capitol Branch.

    – Bryan W.
    ​Member Since 2017 
  • Karen L
    I loved the personalized manner in which my business was conducted.

    – Karen L.
    ​Member Since 2018