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Personal Loans

Home > Borrow > Personal Loans

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Personal Loans

Use the funds for a vacation, wedding, education,

new furniture -- the sky is the limit! 

Whether you want to borrow a small amount of money quickly, take out a larger loan, or build your credit, we can help! GenFed offers an easy application process with no fees on most loan types, fast approval, and great local service for a variety of personal loan options.  Plus, the Skip-a-pay program may allow you to skip a payment around holiday or vacation time.

Remote Loan Payments

GenFed's remote loan payment service gives you the ability to schedule a payment from a checking account at another financial institution.  You can even schedule alerts and reminders to let your know your payment has been made. 

GenFed has also partnered with PayNearMe to accept cash deposits and loan payments at a number of community merchants for same day processing to your GenFed account or loan.  

Make a Remote Loan Payment


Need a little extra money right now? Get a QuickLoan from GenFed! It’s perfect for holiday expenses, making a special purchase, going on vacation, or just to tide you over until your next pay check.

  • 3 month repayment term
  • Affordable rates
  • No credit check required
  • We’ll tell you if you’re approved in under an hour

Please contact one of our Loan Officers for current rates.

To qualify, you must be currently employed with a 6 month history of payroll or direct deposit to GenFed, 6 months of good checking history with GenFed, and if you have a GenFed loan or have paid off a loan with GenFed you must have a good history with no late payments within the past 6 months.

Contact your local branch to apply.


Signature Loans

With nothing more than your signature, you can borrow money from GenFed to consolidate your debt, pay for expenses like new furniture, finance a special event like a wedding or family reunion, and more!

  • Loan amounts from $500 to $20,000
  • Flexible repayment terms from 9 months to 3 years
  • No application fee

Signature Loan
Effective Date: 7/1/2024
TermAPR as low as
Fixed-rate 7.49%
APR stands for Annual Percentage Rate. Rates subject to change at any time. All loans subject to approval and terms. Rates include all possible discounts. Call your branch to determine which discounts apply to you.

Apply Now

Secured Loans

Use the money in your savings account or certificate without actually spending it! A savings secured loan or certificate secured loan lets you borrow against the amount you have on deposit. As you pay down your loan, the hold on your funds in the securing account decreases.

  • $500 minimum loan amount
  • Terms up to 120 months
  • No application fee
  • Monthly payments are required

This type of loan is perfect for somebody with no credit history or who wants to rebuild their credit.

Secured Loan
Effective Date: 7/1/2024
TypeAPR as low as
Savings Secured (Variable) 3.05%
Certificate Secured (Fixed) Certificate rate + 2.00%

APR stands for Annual Percentage Rate. Rates subject to change at any time. All loans subject to approval and terms. Rates include all possible discounts. Call your branch to determine which discounts apply to you.

Rates and programs apply to new money only. Annual Percentage Rate (APR) for share secured advances will be adjusted quarterly to three percentage points above share dividend rate which was paid at the end of the previous quarter. The Annual Percentage Rate can change quarterly on the 10th day of the month, January, April, July and October. The interest rate will never be less than 3.00% per year and the maximum rate will not exceed 18.00%. When the rate changes, the payment may be adjusted.

Apply Now

Line of Credit

Borrow what you need, when you need it! Once you’re approved for a personal line of credit, you decide how much of it (up to your approved amount) you want to use at once.

  • Borrow up to $20K
  • No application fee
  • Competitive rates
  • Maximum term of 36 months
  • Fast, local approval decision
  • Funds readily available with a phone call to GenFed or by transferring the money through online banking
  • Can be linked to your checking account for overdraft protection

Apply Now

See loan rates page for rate disclosures.