Personal Loans

When you know exactly how much money you need to borrow, our Personal Loan is the right choice. With competitive rates and no prepayment penalty, this option provides plenty of value. 

• Flexibility to use your loan for any purpose
• No origination fee
• Quick approvals and funds available within 2 days†

*APR = Annual Percentage Rate.  Rate effective as of May 23, 2024. For example the monthly payment on a $10,000 60-month, personal loan at 12.99% APR is $227.48  Rate may vary and will be determined by your credit score.  Other restrictions may apply.  †Funds should be made available within (2) business days after the loan is approved if all required loan docuemnts are received.

Unsure of the college you’ll be attending or the exact amount you may need? No worries. Establish your private education line of credit today, and once your plans have been finalized, come back to get the exact funding you need. Lower rates and flexible repayment terms — a better way to pay for college. When scholarships, grants and federal aid aren’t enough, private student loans can be a necessary and cost-effective way to fill educational funding gaps. We want to make financing college easier so you can focus on achieving your dreams of higher education at the school of your choice!

Our Private Education Solution provides the additional funds you need and features you want, including:

• Flexible funding
• Lower interest rates
• Repayment options
• Easy online application and approval
• Convenient line of credit structure that lets you apply once and secure financing for your entire college career*
• Refinance option for current student loans. 

*Subject to qualification and annual credit review.

With a Personal Line of Credit, you can access money when you need it, much like a credit card. You'll pay interest only on the funds you use. This option is ideal for projects and purchases, or for consolidating high-interest debt into lower monthly payments.

• Draw on funds as needed
• No origination fee
• No annual fee for the first year
• Quick approvals and funds available within 2 days†
• Introductory rate of 7.99% APR* for the first 12 months.  After the first 12 months, your rate will increase to a minimum of Prime plus 4.99% APR, but no higher than 18.00% APR

*APR = Annual Percentage Rate. This is a revolving line of credit. There will be an introductory APR of 7.99% for the first 12 months from the account opening date for qualifying members with a credit score of 720 or above. After the first 12 months, your rate will increase to a minimum of Prime plus 4.99%, but no higher than 18.00%. Your rate will be based upon adding a margin to the Prime Rate depending upon your credit score. The current Prime Rate is 7.75% as of November 8, 2024. Minimum line of credit is $5,000. Maximum line of credit is $20,000.00 based on your credit score. There is an annual fee of $25.00 which is waived for the first year. Other fees and charges may apply. This credit union is federally insured by the National Credit Union Administration.

This loan covers costs of tuition, fees and textbooks upfront until you complete your courses and receive employee reimbursement.

• Good for any employee with employer preapproval
• No upfront costs
• Low fixed rate

 *APR = Annual Percentage Rate

With your savings growing in a Scient Share Savings Account or Share Certificate, you can borrow against those deposits with a low, affordable rate. This option helps you build your credit history. Plus, you continue earning interest on the funds you borrow against.

Share Savings Secured

• Borrow up to the balance available in your Savings Accounts
• Loan payments are made monthly. As the loan amount reduces, funds become available for use in your Share Savings Account.
• Maximum term is 60 months
• Set rate of 6%

Share Certificate Secured

• Borrow up to the balance in your Share Certificate
• Payments are made monthly so the certificate is at full value when it matures
• Maximum term is the maturity date of the Share Certificate
• Set rate of 3% above the interest rate earned on the certificate

 *APR = Annual Percentage Rate

Scient FCU is a full-service credit union with branches in Groton, New London and New Haven Connecticut.