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Personal Loan FAQ

Maybe you've heard a little bit about personal 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 Personal Loan FAQs to get a better idea. 

Contact Us
Maybe you've heard a little bit about personal 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 Personal Loan FAQs to get a better idea.  Contact Us

Here are some common Personal Loan questions


What is a personal loan?

A personal loan is money borrowed to meet basic expenses without putting down collateral. A list of common expenses is listed here. The interest rate you pay is based upon your credit score and you pay the money back in fixed installments.

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

A personal loan allows you to consolidate multiple debts into one fixed, monthly payment. Plus, a personal 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 personal 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 personal loan funds as quick as the same day you apply.