Personal Loans & Lines of Credit
Stay in control with an easy-to-manage personal loan or line of credit.
Empowering your financial decision-making.
Have an unexpected expense, need extra funds or going through a special life event? We understand life doesn’t always go according to plan, which is why our personal loans or personal line of credit exist for our members.
Explore your personal loan options.
Personal Loan¹
Our personal loan offers a competitive fixed rate, flexible financing options, and low monthly payments. You’ll avoid high interest rates and save your hard-earned money.
Line of Credit¹
Conveniently access funds with a personal line of credit. You can automatically transfer funds to your checking account to cover any unexpected expenses and fees.
Deposit Secured Loan¹
Secure your loan with deposit funds. You’ll enjoy a lower interest rate on your loan while continuing to earn competitive dividends on your deposit account.
FAQs
Mirastar offers Personal Loans up to $30,000.
Don’t get stuck paying high interest rates – apply and start saving today.
We do not offer business loans at this time. However, we offer a variety loan options. From personal loans to home loans.
Knowledge is powerful.
Understanding how to manage your money shouldn’t be complicated. Here’s a variety of topics designed to build your knowledge so you can make the best financial decisions possible.
All You Need to Know About Personal Loans
8 Financially Responsible Ways to Use Your Tax Refund
Be Aware of Mobile Check Deposit Fraud!
Disclosures
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Personal Loan
1APR = Annual Percentage Rate. Rates as low as 10.055% APR; your rate may be higher depending on your credit profile. Not all borrowers will qualify for the lowest rate. Personal loan interest rates range from 10.055% to 17.990% APR. Actual rate is based on creditworthiness and other factors.
All loan policies, rates, and terms are subject to change without notice. All loan requests are subject to Credit Union approval. Loan terms range from 12 to 60 months; other rates and terms are also available.
PAYMENT EXAMPLE: For a loan of $5,000 at 10.055% APR for 60 months, the monthly payment would be $106.35. Total repayment amount: $6,381.
Secured Personal Loan
1APR = Annual Percentage Rate. Secured personal loans are available using either a share savings account or a certificate account as collateral. Actual APR is based on the yield of the securing account plus a 2.00% margin. Not all borrowers will qualify for the lowest rate. All loan requests are subject to Credit Union approval.
Share-Secured Loan:
- APR = Share dividend rate + 2.00% margin
- Current APR: 2.10%
- Loan terms available for up to 84 months
- Funds in the share account are held as collateral for the duration of the loan and continue earning dividends
PAYMENT EXAMPLE: For a loan of $5,000 at 2.10% APR for 60 months, the monthly payment would be approximately $87.71. Total repayment amount: $5,262.60.
Certificate-Secured Loan:
- APR = Certificate yield + 2.00% margin
- APRs currently range from 4.52% to 5.55% APR
- Loan term must not exceed the certificate maturity date
- Certificate continues to earn dividends while pledged as collateral
PAYMENT EXAMPLE: For a loan of $5,000 at 5.00% APR for 36 months, the monthly payment would be approximately $149.85. Total repayment amount: $5,394.60.
Line of Credit
1APR = Annual Percentage Rate. Personal lines of credit are revolving credit accounts with an open-ended term. The current APR is 12.055%. Your actual rate may vary based on your credit profile. Not all borrowers will qualify for the lowest rate.
All lines of credit are subject to credit approval. Rate and terms are subject to change. Your actual rate may vary based on your credit profile.
PAYMENT EXAMPLE: For a balance of $1,000 at 12.055% APR, the minimum monthly payment would be approximately $30 (based on a 3% minimum payment structure). Total repayment amount and time will vary depending on usage and repayment behavior.
For more payment examples for all loan types, use our loan calculator or call 800-282-6212.