Financial Flexibility
Manage life’s higher costs with fixed rates, predictable payments, and terms that fit your lifestyle.
Need funds to cover a wedding, vacation, debt consolidation, or unexpected expense? Scenic Community Credit Union offers secured and unsecured personal loans with competitive rates and flexible terms to help you achieve your goals while keeping your finances on track.
Apply for a Personal Loan Loan Rates
Personal Loan Benefits
Lower Interest Rates
Take advantage of personal loan rates lower than most credit cards for debt consolidation, major purchases, or unexpected expenses.
Secured and Unsecured
Choose an unsecured personal loan for flexibility, or a share secured loan to lower your rate while keeping your savings safe.
Support from Local Lenders
Discuss your goals with a local Scenic lender and find the loan that fits your financial plan.
Mobile & Online Access
Apply, monitor, and make payments conveniently using our digital tools.
Build or Repair Credit
Use regular, on-time payments to improve your credit profile over time.
Share Secured Loans
Use your savings to lower borrowing costs while keeping your funds secure. Backed by an SCCU Share Certificate, these loans give you predictable payments and competitive rates.
Benefits:
- Access discounted fixed-rate borrowing
- Lock in one predictable monthly payment
- Finance debt consolidation, major purchases, or unexpected expenses
- Keep your savings secure while earning interest on your collateral
Unsecured Personal Loans
Enjoy flexible lending without collateral. Unsecured personal loans let you fund important expenses while keeping your finances predictable and manageable.
Benefits:
- Fixed-rate borrowing with predictable monthly payments
- Flexible repayment terms to suit your budget
- Fund weddings, vacations, debt consolidation, or unexpected expenses
- Build or repair credit with on-time payments
Term lengths range from 12 to 60 months.
Rates current as of March 15, 2025.
Secured Loans Rates
| LOAN | TERM | APR |
|---|---|---|
| Share Secured | To 60 mo. | see below1 |
| Certificate of Deposit Secured | Maturity of Certificate |
see below 2
|
1 - The terms of this type of loan range from 12 to 60 months with the interest rate being a variable rate based on the rate being paid by SCCU, plus 2.0%.
2 - The interest rate of this type of loan is the rate being paid by SCCU, plus 2.0%.
Personal Loans
| LOAN | TERM | APR |
|---|---|---|
| Personal (as low as): | ||
| 24 mo. | 10.00% | |
| 36 mo. | 10.25% | |
| 48 mo. | 10.50% | |
| 60 mo. | 10.75% |
Personal Loan FAQ
What is a Personal Loan?
A Personal Loan provides a lump sum payout that can be used for almost any purpose. Most personal loans offer fixed rates lower than most credit cards or other short-term borrowing options. Loans may be secured or unsecured and can be repaid over terms up to 60 months. With a fixed interest rate, and a fixed monthly payment, personal loans provide a manageable way to consolidate and repay major expenses over time.
What’s the difference between secured and unsecured personal loans?
A secured personal loan uses assets you already own, like funds in a deposit account, primary residence, vehicles, or boats, as collateral to guarantee a loan. An unsecured personal loan doesn’t require physical collateral, but relies upon your character and personal guarantee, and is approved based on factors including your credit score, income, and existing debts.
What is a share secured loan?
A Share Secured Loan is backed by funds held in your Scenic deposit account. Your savings act as collateral, helping you access lower rates and favorable terms while keeping your funds secure.
Can a personal loan help build my credit?
Yes! Personal loans can be a great tool to build or improve your credit. Consolidating high-interest loans or credit card balances into a single, fixed-rate loan can simplify payments and reduce interest. Making regular, on-time payments on your personal loan helps strengthen your credit history over time.
How quickly can I get the funds?
For well-qualified applicants, Scenic Community Credit Union can usually approve personal loans within 1–2 business days.
How do I make payments?
You can make loan payments in person, by phone, or through our digital banking portal and mobile app for convenient, on-the-go account management.
Do I need to be a Scenic Community Credit Union member to apply for a Personal Loan?
Yes, you must be a member to apply. You’re eligible if you live, work, worship, volunteer, or attend school in:
- Hamilton, Sequatchie, or Marion Counties in TN
- Catoosa, Walker, or Dade Counties in GA
Immediate family or household members of eligible individuals can also join, as can qualifying businesses and organizations.
Contact Us
Explore Accounts
Savings Accounts
Save for the future your way with our flexible savings options. Set aside money with free Savings Accounts, grow your funds with Special Savings or Money Market accounts, or lock in competitive rates with Share Certificates.
Individual Retirement Accounts (IRA)
Prepare for a comfortable, worry-free future with our tailored IRA options. Choose from Traditional IRAs, Roth IRAs, or Coverdell Education IRAs to meet your retirement or education savings goals.
Credit Cards
Enjoy no-nonsense, feature-rich credit cards with no annual fee and no cash advance or balance transfer fees. Earn rewards, build your credit history, or support our local children’s hospital — the choice is yours.
**APR = Annual Percentage Rate. Rates range from as low as 10.00% APR up to 18% maximum APR. All loans subject to credit approval. Rate and term to be determined based on creditworthiness. The rate will not increase while the plan is open. Refinancing of existing credit union loans do not qualify. Cannot be combined with any other offer. Credit Union Membership required with a $25 minimum deposit. Some restrictions may apply. Rates and terms are subject to change.
The payment on a $10,000 loan would be $212.47 per month by 10% APR with a 60 month term. This equates to $12,748.23 over the life of the loan. Membership required with a $25 minimum deposit.