Hero - Personal and Secured loans

Personal & Secured Loans at LorMet Credit Union

Plan a vacation, pay for home improvements, or even repair your vehicle.

Personal and secured loans
LOANS

Signature Loans

Fixed-rate, unsecured (no collateral) loans that can be used to meet a variety of personal borrowing needs such as consolidating high-interest debt, home improvements, or vehicle repairs. Apply online today!

  • Low Fixed Rate*
  • No Annual Fee
  • No penalty for early payoff
  • Deposit into your LorMet account upon approval
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* Subject to credit approval. Maximum loan amount $7,500.00. Rates are dependent on the individual’s credit score. Not all applicants will qualify for the lowest Annual Percentage Rate (APR) or maximum term. All loans are subject to underwriting policy and guidelines, credit verification and credit repayment history.

Share Secured Loans

Establish or re-establish your credit without dipping into your savings. Share secured personal loans have a fixed-rate and are secured by equal funds in your LorMet savings account. Contact us to begin your application today!
Build Credit

Build Credit

Your payments are reported to the credit bureau

Earn Dividends

Earn Dividends

Your savings continue to earn dividends as you make payments

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  • Minimum loan amount $1,000.

  • Maximum term of 60 months. Credit inquiry not required.

Home Improvement Signature Loans

Take advantage of your excellent credit and reward yourself with the home improvement project of your dreams! Home Improvement Signature Loans are based on your credit, not the equity in your home. Apply online today!

  • Borrow up to $10,000*
  • As low as 10.21% APR*
  • Up to 72 months*
  • Fixed monthly payments
  • No equity required; not secured by real estate
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  • Subject to credit approval. Not all applicants will qualify for the lowest Annual Percentage Rate (APR) or maximum term. Other rates and terms available. Maximum unsecured household debt limits apply. All loans are subject to underwriting policy and guidelines, credit verification and credit repayment history. $195 loan documentation fee. For improvements on applicant’s primary residence only. Must be homeowner. Limit one per household. May be subject to review of project estimates. Payment example: Loan amount of $10,000 at a APR of 10.21% for 72 months would have a monthly payment of $186.32.

Advertised rate is current as of October 1, 2023, and is subject to change without notice.

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Join LorMet today and experience the Credit Union difference.

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Joel Morrison

“They’ve always been good to me. I’ve gotten personal loans with LorMet, no problem.

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Eric Torres

“I’ll tell anyone who needs a loan, go with LorMet! They actually care to walk you through it.”

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Tim Alcorn, Radio Voice of the Cleveland Cavaliers Radio Voice of the Cleveland Cavaliers

My children have all had Auto Loans through LorMet. It was outstanding, I’ll never forget that.

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Niya Knox

“They gave me the best info about how my money was going to work for me”

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Kim Johnson

“At LorMet, we feel like we are a part of the family. It’s more personalized and friendly!”

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