A personal loan can help you make renovation to your home, travel, pay debts and so much more. Caribe Federal has different types of personal loans for you.
Choose which one works best for you:
A loan in which the principal is fully supported by CFCU resources is available for our members upon loan approval. The principal loan amount becomes accessible in your share account as you make monthly loan payments. You have the option to pay this loan through regular installments or in a single global payment.
We are available to guide you through the loan selection and application process. We will provide you with all the information you need to make a smart financial decision.
*Some restrictions apply. Subject to credit approval and other parameters established by CFCU. Your interest rate will be determined based on your credit history.
Use this tool to calculate your possible monthly loan payment. It will help you make a better decision.
You don't need to be a member to begin the personal loan process at Caribe Federal. We offer different types of loans depending on your situation: the Unsecured Personal Loan requires a credit check, while the Secured Personal Loan doesn't require a credit check and uses your stock account balance or certificate of deposit as collateral. Contact us at 787-474-5151 or visit your nearest branch for guidance on the process.
The amount depends on the type of loan. The Unsecured Personal Loan offers up to $70,000.00 with repayment terms from 12 to 96 months. The Secured Credit Improvement Loan has a maximum of $5,000.00 with a term of up to 6 years. To find out which option best suits your needs, you can use our loan calculator, contact us, or visit your nearest branch.
Rates vary depending on the loan type. The Unsecured Personal Loan has a maximum APR of 18%, determined based on your credit history. The Secured Personal Loan has an APR of 2.00% on the last dividend paid to your stock account. The Credit Restoration Loan has an APR of 3% above the last quarterly dividend paid on regular stock.
A personal loan from Caribe Federal can be used for many purposes: home improvements, vacations, debt consolidation or payment, emergencies, education, and more. We also offer a specific credit restoration loan, ideal for members who want to improve their credit history while making affordable monthly payments.
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