Personal Loans in Novi, Michigan

CVF Credit Union Personal Loans

Borrow from your hometown credit union and save.

Personal loans are one of the most versatile loan products on the market. You can use the money to consolidate your debt, pay for medical expenses, renovate your home, or cover an emergency expense. And compared to credit cards, personal loans have much lower interest rates and come with fixed monthly payments — meaning you could pay less and get out of debt sooner.

At CVF Credit Union in Novi, you can borrow as little as $1,000, and choose a repayment period of up to five years. Customize your personal loan to fit your financial needs. Just complete the quick and easy form to apply or apply online. Not a member? Join today!

No Collateral Required On Personal Loans

To secure a personal loan, other lenders often require borrowers to use a personal asset as collateral, such as a house, car, or savings account. This means if you stop making payments on your personal loan, they could seize the asset to make up for the outstanding balance.

At CVF in Novi, you don’t have to secure your personal loan with your valuables. You can simply borrow what you need and make the monthly payments.

Long Repayment Terms With Zero Prepayment Penalties

With a Novi personal loan from CVF Credit Union, you can opt for a longer repayment term in order to get a lower monthly payment. Want to pay off the loan faster? You can always choose a shorter loan term or make extra payments. And don’t worry if you’re ready to pay off the loan amount before the end of the term. We have zero prepayment penalties.