Personal Loans

NET Federal Credit Union has a variety of loan packages that our members can use for reasons including, but not limited to:

  • Debt Consolidation
  • Vacations
  • Home Repairs
  • Taxes (income, school, property, etc.)

(For a Short-Term Small Loan, please visit a branch.)

In addition to our signature loan, we are offering a Short Term Small Loan designed for members who need a small dollar amount to carry them until they receive their next regularly-scheduled income check.

Here’s how the program works:

  • 1 – 6 month term
  • Maximum loan amount: $1,000
  • Minimum loan amount: $200
  • Interest Rate: 28%
  • Monthly payment will be $180.70
  • Simple Interest
  • Non-refundable application fee: $20
  • Must be a member in good standing for at least 90 days
  • No more than 3 within a 6 month period
  • Amount restrictions do apply

Disclosure: For a $1,000 loan for a term of 6 months with an 28% APR, the monthly payment will be $180.70. The rate will not be increased after consummation.

To apply you will need:

  • Application must be submitted in person at either the Scranton or Olyphant office.
  • Provide up to 3 months of consecutive income.
  • Driver’s license

** All loans subject to approval. Rates, terms and conditions are subject to change and may vary based on creditworthiness and qualifications.