Personal Interest Rates

A personal loan hands you a lump sum up front, which you pay back in fixed monthly payments over a set term. It's a good fit for a one-time need, like consolidating debt or covering a big purchase. A personal line of credit works more like a revolving account. You're approved for a credit limit and can draw on it as you need, then pay it down and borrow again. Our revolving line of credit has no maturity date, while larger lines carry a 60-month term.

There's no single magic number. When we review your application, we look at the whole picture: your credit history, your income, what you already owe, and the type of loan you want. A stronger credit profile generally helps you qualify for our lowest rates, but the best way to know where you stand is to apply online or sit down with one of our lenders. We're happy to walk you through your options.

Your APR depends on a few things: your creditworthiness, the loan term you pick, how much you're borrowing, and the type of collateral involved. The rates shown on this page are a range, and borrowers with the strongest credit typically land near the lower end. For personal lines of credit with 60-month terms, rates are variable and based on the prime rate plus a margin tied to minimum credit score requirements.

Yes. A CD-secured loan lets you borrow against your VeraBank certificate of deposit while your CD keeps earning interest. Because your deposit secures the loan, your rate is set at your CD's APY plus 2%, which is often lower than an unsecured rate. A floor rate of 4% applies when the CD-secured loan is under $5,000.

At VeraBank, a vehicle is considered new through March 31 of the following year. Your auto loan rate depends on the vehicle, the loan term, and your credit profile. One thing to keep in mind: vehicles older than seven years are priced at our unsecured loan rate rather than the standard auto rate, since they're evaluated a little differently as collateral.

You can start your application online in just a few minutes. From there, timelines vary depending on the loan type and how quickly we can verify your information, though many applicants hear back fast. Every loan is subject to underwriting criteria and final credit approval.