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Tower Federal Credit Union’s Personal Loans can provide you with the funds you need for life’s expected and unexpected moments.  Use our secured and unsecured loan options to establish or rebuild credit, consolidate debt, or pay for dream vacations, college tuition, electronics, vehicle repairs, and just about anything else.

Personal Line of Credit

Enjoy the peace of mind that comes with knowing you have access to additional funds whenever you need them! A Personal Line of Credit offers flexible borrowing and convenient access.

  • Low, variable rates, based on the Prime Rate (found in the Wall Street Journal).
  • Credit limits from $500 up to $30,000.
  • Pay interest only on what you use. As you repay the principal, that money becomes available to you again.
  • Overdraft Protection—Use your personal  line of credit to protect your Tower checking account(s) against overdrafts. If you overdraw your checking account, Tower will automatically deposit enough funds from your personal line of credit to cover the overdraft amount. You only pay interest when you actually use the line of credit.
% Above IndexDaily Periodic Rate %APR%
(as low as)
6.150.0257539.40
Rates effective: 6/18/2021
APY = Annual Percentage Yield. APR = Annual Percentage Rate.
Rates are subject to change. Loan rates are based on your creditworthiness. See additional disclosures.

Signature Loans

Tower’s Signature Loans are unsecured loans that don’t require any collateral. This type of loan is based on your credit worthiness and ability to repay. In addition to our other unsecured loans (Tower Mastercard® and Personal Line of Credit), Tower offers Signature loans for:

  • Bill consolidation
  • Home improvement
  • Purchase of new or used vehicle less than $5,000
  • Use Signature Loans for anything
Term
(in months)
APR%
(as low as)
Monthly Payment
(per $1,000 borrowed)
126.49$86.29
246.49$44.54
366.49$30.64
487.24$24.06
607.24$19.91
727.99$17.53
Rates effective: 6/18/2021
APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates are subject to change. Loan rates are based on your creditworthiness.

Share and Certificate Secured Loans

Tower’s Secured Loans let you pledge the money on deposit you have in a Tower Prime Share Savings Account or Tower Share Certificate.  As you repay the principal, that money becomes available to you again. Share Secured Loans can be used for any purpose and have a low, competitive variable interest rate.*

Share Secured - Variable Rate
% Above Prime Share RateAPR%Monthly Payment
(per $1,000 borrowed)
3.003.08$84.73
Certificate Secured - Variable Rate (extended term)3% above Certificate
Certificate Secured - Fixed Rate3% above Certificate
Rates effective: 6/18/2021
APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates are subject to change. See additional disclosures.

Other Secured Loans

This loan type is for the purchase or refinance of personal assets to include, but not limited to: ATVs, jet skis, snowmobiles, pull-behind trailers, travel trailers and UTVs. Loan rates are based on your credit worthiness.

Term
(in months)
APR %
(as low as)
Monthly Payment
(per $1,000 borrowed)
367.04$30.90
487.04$23.96
607.04$19.82
727.29$17.19
Rates effective: 6/18/2021
APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates are subject to change. Loan rates are based on your creditworthiness. Lowest rate qualification also requires automatic monthly loan payments.

Apply Today

 

Not a member of Tower Federal Credit Union yet? See if you are eligible to join!

For further assistance, please visit a branch or call our Member Service Center at 301-497-7000 or 866-56-TOWER.

HOLIDAY LOAN SPECIAL
RATES AS LOW AS 5.99% APR*
Cross stress off your list by getting a Holiday Loan from Tower. Some extra spending money with our low-rate loan is sure to help with holiday budgeting. Borrow Up to $10,000 with rates as low as 5.99% APR* for up to 36 months.

Use our quick and easy application, or apply on Tower’s Mobile App.

LIMITED TIME — OFFER ENDS JAN. 15, 2021

*Holiday Loan Annual Percentage Rate shown is as of November 16, 2020. Not all applicants will qualify for the lowest rate. All loans are subject to credit approval. Holiday Loan rates, terms, and conditions vary based on creditworthiness and program requirements. Other qualifications may apply. Holiday Loan Rate is available for applications submitted from 11/16/20 through 1/15/21.

A monthly payment example based on a holiday loan amount of $6,000 at 5.99% APR for 36 months is $182.94.