Whether you want to borrow a small amount of money quickly, take out a larger loan, or build (or repair) 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.

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
QuickLoan TypeAmount AvailableApplication Fee
RegularUp to $500$20
Holiday/SummerUp to $1000$40

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.

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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

Current Rates

TermAPR as low as
9 Month Fixed5.74%
1 Year Fixed5.99%
3 Year Fixed10.83%
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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.

Current Rates

TypeAPR as low as
Savings Secured (Variable)3.10%
Certificate Secured (Fixed)Certificate rate + 2.00%
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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
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Our Co-op Advantage program rewards you based on your total amount of deposit and loan balances with GenFed. Learn more.

See loan rates page for rate disclosures.