Get affordable financing for what you need without the hassle.1
Keep your wallet warm with a winter wonder loan that can help you:
- Cover holiday expenses
- Consolidate debt
- Make home improvements
- Plan a winter getaway
- And more!
Our personal loans are just that, personal. These unsecured loans can be used for vacations, school expenses, extra cash, emergencies or anything you need.
- Low, variable rates based on credit worthiness
- Local decision-making
- No collateral necessary
- Flexible repayment terms
- Personalized service at every step
- Use for tax payment, holiday expenses, back to school, bill consolidation, and more
Check out our current rates to learn more!
Debt Consolidation Loans
Give yourself a break from constant financial woes—an affordable debt consolidation loan from Pelican can put you on the path to being debt-free.
- Save money by combining multiple loans into one payment
- Simplify your monthly budget with just one payment to make every month
- Loan amounts tailored to your personal situation
- Lower rate helps pay off debts sooner
- Streamlined process
- One local relationship for easier debt management
Share Pledge Loans
Use your savings account to secure a loan with Pelican. Share Pledge Loans can establish or repair credit, helping you hit your financial goals.3 View the complete list of benefits for Share Pledge Loans.
Personal Line of Credit
This loan type gives you access to a revolving line of credit. Get started with a simple signature! Limits range from $1,000 all the way up to $10,000. View the complete list of benefits for a line of credit.
Get started with just your signature.
Personal loans are also known as "Signature Loans," because loans are secured by a member's signature. Unlike a home or auto loan, there's no collateral at stake when you secure a personal loan.
Use your Signature Loan to make headway on major payments, with no maximum loan amount. Just sign the dotted line and get the funds you need to facilitate life's next logical step.
|Monthly Payments Before Consolidation Loan||Monthly Payment After Consolidation Loan4|
Department Store Credit Card
Pelican State CU Loan Payment
|Total Savings of $134.37 per month!|
- Our lowest loan rates
- No application fee
- Fast and easy to get approved
- Use your own Pelican State CU deposits as collateral
- Get access to funds without depleting savings
- Keep earning dividends on your accounts
- Helps to establish or repair credit2
- Low, variable rates based on credit worthiness
- No collateral needed
- Use funds as needed
- Only pay interest on portion you use
- Re-access without re-applying
- Wide variety of loan limits from $1,000 to $10,000
Personal Loan Rates
|Term||Rates as low as||APR as low as*||Sample amount||Est. monthly payment (max term)|
Over 750,000 Louisiana residents qualify for membership.
Are you one of them? All you have to do is meet just ONE of the following criteria!
You work for (or are retired from) one of our hundreds of Partners.
You live in Rapides, St. Landry, or St. Tammany Parish
You are a Pelican State CU employee.
*Pelican State CU membership required to obtain a loan with Pelican. If you are not a Pelican member, you must be eligible to open a Primary Share account with Pelican to become one. The deposit to open a Primary Share account starts at a minimum of $10 ($5 to join + $5 minimum balance). APR = Annual Percentage Rate. Offer conditions are $1,500, 15-month term, at a 15% fixed interest rate. Loan amount and term cannot be altered. For this unsecured loan, financing at 16.47% APR equals an estimated monthly payment of $112.06 for 15 months per $1,500 borrowed. Estimated payment may vary if credit protection products are added to loan. Offer valid beginning Friday, November 17, 2023, and is subject to change or end at any time. Advertised payment, rate, and term based on a minimum 640 FICO score. Not everyone will qualify. First payment will be due no more than 45 days after loan is funded. Offer valid for unsecured loans only and cannot be combined with any other offer. Other restrictions apply. See a Pelican representative for details.
1Pelican State CU membership required to close a loan with Pelican. If you are not a Pelican member, you must be eligible to open a Primary Share account with Pelican to become one. The deposit to open a Primary Share account starts at a minimum of $10 ($5 to join + $5 minimum balance). Credit approval is based on certain credit criteria and credit worthiness. Not everyone will qualify. Applicant will be charged $5 for any loan application that is denied, withdrawn, or expired. Restrictions apply. See a Pelican representative for details.
2Based on all approved unsecured loan applications received between June 1, 2021, and November 9, 2021. 66.11% of members either received their funds on the date of application (22.09%), 1 day after the date of application (25.65%), or 2 days after the date of application (18.37%).
3There is no guarantee that your credit score will improve with secured lines of credit.
4Scenario listed above is just an example, and savings/rate/amount and term will vary for each member and savings are not guaranteed. The payment examples listed above were calculated as follows: 2% of Credit Card balance of $6,500; 2% Department Store Credit Card balance of $4,009.54; Finance company has a rate of 36% APR, a term of 18 months, and a balance of $3,163.31. The consolidated payment of $305.82 was calculated with a rate of 12.24%, a term of 60 months, and balance of $13,672.85, resulting in 12.29% APR. APR = Annual Percentage Rate. Not everyone will qualify for the advertised APR. Estimated payment may vary if credit protection products are added to loan.