Consumer & Personal

Our Consumer & Personal Loan is designed to cater to your individual needs, whether you’re planning a vacation, purchasing a vehicle, consolidating debt, or covering personal expenses. With flexible terms and competitive rates, our loan is here to help you achieve your personal and financial goals.

  • Loan Purposes: Medical expenses, computer purchase, vacation, vehicle purchase, marriage, debt consolidation, household expenses, household appliances.
  • Loan Size:
    1. $80,000 for 5 years at a 12% interest rate
    2. $2,500 for short-term loans with a 12-month repayment term.
Category:

Supporting Documents for Loan Application

To facilitate a smooth application process, we require the following documents:

  1. Cost Estimates: Provide detailed cost estimates for the intended purpose of the loan, such as medical expenses, computer purchase, or vacation.
  2. Invoices: If applicable, submit invoices or quotes for the items or services you intend to purchase with the loan.
  3. Medical Diagnosis: For medical-related loans, include a medical diagnosis or documentation supporting the need for the loan.
  4. Sale Agreement for Vehicle Purchase: If the loan is for a vehicle purchase, provide a sale agreement detailing the terms and conditions of the purchase.
  5. Personal Statement: Optionally, you may include a personal statement explaining the purpose of the loan and how it will benefit you.
  6. Proof of Income: Documentation of your income may be required to assess your ability to repay the loan.

How to Apply:

Applying for the Consumer & Personal Loan is easy. Drop by one of our branches to pick up an application form. Our dedicated team is ready to assist you through the application process and address any questions you may have.

At Toledo Teachers Credit Union, we understand that personal needs vary, and our Consumer & Personal Loan is here to support you in achieving your unique aspirations. Take the next step toward your personal goals with our Consumer & Personal loan product.

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