Personal Loan

Tackle a project, make a big purchase, or weather a rough patch. The extra money from a Personal Loan can go a long way and make life a little easier.

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Apply For Your Personal Loan with Credit Union of Texas

Give your finances a needed boost. We can tailor an affordable Personal Loan to meet your own very personal circumstances.

Loan lengths from six to 60 months^* with competitive rates
Making on-time payments will help build your credit and improve your score
Maximum loan size depends on your credit score, your debt-to-income ratio and other factors
Use funds for any purpose - unexpected expenses, education costs, high-priced repairs, home remodeling or major purchases
Loans can be secured by the deposits in your savings or certificate of deposit accounts
Our Skip-A-Pay policy allows you to skip up to two payments per year

Apply Online

Questions? We can help.

Monday - Friday 9AM - 6PM
and Saturday 10AM - 2PM CST

Talk to a Credit Union Personal Loan Specialist
(214) 818-3231

Schedule an appointment

Get a personal loan consultation.

Credit Union Personal Loans Benefits Include

Fast And Friendly

Time is of the essence. Our experienced lending team can help you choose the right loan and often process it in one or two days.

Easy Online Payments

There's no need to write a monthly check. Just go to your Online Banking page and make timely transfers to your loan account.

Monitor Your Activity

Go online to take a closer look at where your money goes and how you're spending it so you can stay within budget.

Build Your Credit

Making regular, on-time payments on the funds you use helps improve your credit score.

Funds For Anything

Use your Credit Union of Texas loan money on whatever big plans you have or expenses you want to address.

Skip-A-Pay

Get some financial breathing room when you need it by skipping a loan payment, as long as you're in good standing.

Find the personal lending account that fits you.

Compare Personal Loan Accounts

General Credit Union Personal Loan FAQs

How do I make a payment on my personal loan?

If you're a CUTX member, log in to online banking and make a payment with a funds transfer.
If you're not a member, use your financial institution to pay via Bill Pay.
Make a payment through the payment system.
Pay over phone: Call (214) 818-3231 or (800) 627-0006 to make a payment with a Member Service Specialist ($18 Service Fee is applied to phone payments).

How much can I borrow?

This depends on several factors – what the loan is for, your credit score, your debt-to-income ratio, and your loan payment history. Each personal loan is unique.

How long does it take to get a personal loan?

In most cases we can fund your loan the same day!

What can I do with a personal loan?

The possibilities are endless – education costs, home improvement, covering expenses during an emergency. We can help you figure out the best solution for what you need.

How long is the personal loan term?

Terms differ from loan to loan, too. Loan terms range from as brief as six months to as long as five years. Longer loan periods have lower monthly payments but a larger overall cost with interest. Our loan experts can help you structure a loan that fits your budget and goals.

What is Skip-A-Pay?

It's our way of providing you some financial relief when you need it by allowing you to skip up to two payments on a qualified loan per year. "Qualified" means your payments must be up-to-date and you must have made at least four payments prior to skipping. Check out the details of Skip-A-Pay.

Does CUTX offer grace periods before a late fee is charged to my loan?

CUTX does offer grace periods on certain loans. Auto, FairLease, Personal, Line of Credit loans we offer 10-day grace.

Can I change the due date on my loan?

Approval is not guaranteed, however if your loan is not past due, then you can submit a request for a change. All due date change requests are subject to credit union policy, loan terms, and applicable regulations. LOC’s, HELOC’s and Credit Cards we are unable to make adjustments.

How can I dispute an incorrect reporting on my Credit Report?

You can contact the Credit Bureau in question to address your concerns, or you can mail in your written dispute addressed to:

Credit Union of Texas
Attn: Credit Adjustments
900 W. Bethany Dr STE 500
Allen, TX 75013

How often does CUTX report to the credit bureau?

CUTX reports every 30 days, often on the 1^st of each month. Credit Bureaus could take up to 30 days to update their reporting.

How are my loan payments applied?

Payments are applied in a set order: first to any late fees, then to interest that has accrued, and then to the principal balance. At the beginning of your loan, more of the payment will go toward interest, but as the balance decreases, more will go toward the principal of the loan.

Can I make extra payments toward my loan?

Yes. You can make extra payments at any time to help pay off your loan faster.

How do I make a payment toward just the principal?

Let us know when you make the payment that you’d like it applied directly to principal. Or you can make a payment on your online banking as a principal only payment. You can visit our Money Movement page to view how you can make payments to CUTX accounts: https://www.cutx.org/learn/money-movement

Will paying extra toward the principal reduce my monthly payment amount?

It will not, your payment amount stays the same, but you’ll shorten the length of your loan and reduce total interest paid.

Can I schedule automatic payments to my loan?

Yes. You can set up automatic payments from your checking or savings account. You can visit our Money Movement page to view how you can make payments to your CUTX account: https://www.cutx.org/learn/money-movement

Why CUTX?

I’ve been a member for almost 30 years, I can’t imagine banking anywhere else. You’re more than another account at CUTX, you’re a member, you’re a family.

Elsa H.

The stuff, loan team and customer service were very helpful throughout my car loan process. Credit Union of Texas was able to offer me the best rate available for my vehicle. I would highly recommended CUTX to all of my friends and family.

Abebe A.

Friendly and attentive staff. Paydays come early and the fact that they care for the little guys is definitely my favorite thing about this bank. Definitely the go-to-spot if you’re interested in growing your financial reach.

Xavier H.