Pick the loan that’s right for you
With a personal loan, you have plenty of options. Borrow for whatever may be coming up fast or sorely wanted, from last-minute repairs to your dream vacation. We’ve got two loan types so you can pick what works for you. Signature Loans are our most popular type of personal loan. You can borrow up to $15,000, with terms as long as five years*. Share or Certificate Secured Loans let you borrow against your savings account or share certificate at LBS Financial. They are great for building credit or making a big purchase while still letting your savings grow. Loan amounts are based off your savings, and terms last as long as five years**.
When LBS Financial obtains your credit score during the pre-approval process, the Credit Union will determine your loan rate based on your past financial history and credit. Take note that the Credit Union must obtain your credit report personally; they will not accept copies of credit reports from third parties.
Share Secured Loans Funds can be secured from one or more accounts and can be repaid in one lump sum in one year from borrowing (up to 90% of unencumbered shares) or you may make monthly payments for up to a 5 year** repayment period (up to 90% of unencumbered shares). For Share Certificate Loans, the term of the loan is determined by the maturity date of the certificate—the loan comes due at the same time the certificate matures.
Signature Loans have a maximum repayment period of 5 years*.
Depending on your credit and other factors, you can borrow up to $15,000.
You can borrow up to 90% of the value of your savings account or share certificate. For example, let's say you have a savings account with us with $5,000. Then, your maximum loan would be $4,500.